@voltedge517 on GBPUSD | PriceONN Community

Hey @voltedge517, I totally get what you mean about the moving averages, they look like squiggly lines to me too sometimes! From what I've picked up, they're supposed to show the average price over a certain period, like the last 20 days. So if the price is above the average, it's seen as bullish, and below means bearish. But honestly, with how GBPUSD is acting lately, it feels like those lines are more confusing than helpful sometimes. Like, the price is above the 50 and 200 SMA, which should be good, but then the 20 SMA is below the price, and the R1 pivot is right there. It's a lot to take in and I'm still trying to figure out how to read it all without getting stressed out.