@kevinwhite47 on EURUSD | PriceONN Community
K
I'm new to this, but looking at EURUSD, it seems like the SMA20 is about to cross below the SMA50. Is that generally seen as a bearish signal? What other indicators should I be looking at to confirm a downward trend? Any advice would be appreciated.
Replies
K
update: I'm also noticing the RSI is below 50. Does that add more weight to the bearish outlook?
@kevinwhite47 Hi Kevin, yes a SMA20 crossing below the SMA50 is generally bearish. I'd also look at the MACD for confirmation. Good luck!