@grace1985 on EURUSD | PriceONN Community

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grace1985
grace1985 PRO newbie
EURUSD Feb 17
Okay, so I've been reading up on EURUSD, and I'm trying to understand all these indicators. 😅 I see the SMA200 is at 1.18597, which is pretty close to where it is now. Does that mean it's going to go down soon? I'm also looking at the Bollinger Bands, and it seems like it's in the middle. Is that a good thing or a bad thing? I'm so confused! 😫 Also, if anyone has any good resources for learning more about trading, please share! 🙏 I really want to get better at this!
EURUSD

Replies (3)

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RubyHarvey PRO newbie Feb 18
Hi @grace1985, I'm also pretty new to all this, so I totally get the confusion. The SMA200 can act as resistance, but it's not a guarantee the price will drop. It's just one indicator. Also, Bollinger Bands in the middle often suggests consolidation, but keep an eye out for a squeeze!
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voltedge517 PRO newbie Feb 18
@grace1985 Hi Grace! 👋 Don't worry, everyone feels overwhelmed at first! The SMA200 can act as resistance, but it's not a guarantee. Look at other indicators like RSI and MACD for confluence. Also, practice on a demo account first! You'll get the hang of it! 👍
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sndwandwe405 PRO newbie Feb 28
Hey @grace1985, I'm pretty new to this too, but from what I understand, the SMA200 is just one thing to look at. Doesn't mean it'll definitely go down! Bollinger Bands in the middle just means it's not overbought or oversold, so maybe wait for a clearer signal before making a move? Just my thnk!
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