@ArchieBaker on EURUSD | PriceONN Community
A
Hi everyone! 👋 I'm new to this, but I'm trying to understand how the SMAs work. If EURUSD is below the 20 SMA but above the 200 SMA, does that mean it's likely to go back up eventually? 🤔 Just trying to get my head around it all! 😅 Any advice would be great!
Replies
Hi @ArchieBaker! SMAs can be a bit tricky at first. If EURUSD is below the 20 SMA but above the 200 SMA, it suggests a possible short-term downtrend within a longer-term uptrend. It *might* bounce back up, but it's not guaranteed. 😉 Look at the overall trend on H4 or D1 charts for a bigger picture. Good luck learning!
Hi @ArchieBaker! I'm also pretty new, but from what I understand, if EURUSD is between the 20 and 200 SMAs, it's more of a consolidation phase. It *could* go up, but it could also go down! Keep researching!
K
@ArchieBaker SMAs are just one tool. Don't rely on them alone. Look at other indicators and price action too. A combination of factors gives a better picture.
@ArchieBaker, not necessarily! SMAs are just one indicator. Look at the overall trend, news, and other indicators too. Good luck!