![]() ![]() ![]() Price of Gold Fundamental Daily Forecast – Short-Covering Rally Being Driven by Weaker Dollar, Treasury YieldsĪUD/USD Forex Technical Analysis – May Have Enough Upside Momentum to Challenge. GBP/USD Price Forecast – Brexit Woes Cap Sterling’s Momentum despite Weak US Greenback Nifty 100, Nifty 100 Liquid 15, Nifty 200, Nifty 50, Nifty 500, Nifty Alpha 50, Nifty Auto, Nifty Bank, Nifty Commodities. This article was originally posted on FX Empire More From FXEMPIRE: Ignoring a golden or death cross comes at the trader’s expense. Naturally, the bigger the timeframe, the stronger the implications for the market. The beauty part of it is that it works on all timeframes and on all currency pairs. This strategy basically adopts the same methods as the previous strategy. Trading with golden and death crosses is one of the most straightforward technical analysis concepts. Now, this EMA trading strategy is useful when the market is in a range or a weak trend. How to use the 50 day moving average and identify profitable trading opportunities Most traders are familiar with buying Support and selling Resistance. Moreover, knowing the general direction, they will buy the dips after a golden cross and sell the spikes after a death one. But what if the strategy got such a low win rate, because of the 200 Exponential moving average, and using a 20 or 50 E MA can increase the winrate The Faster. A Golden Cross occurs when the 50 day moving average crosses above the 200-day moving average. Similarly, in an Uptrend, when the price pullback in between the 50 EMA and 200 EMA, then this is a Buy Zone in the up trend. You just need a trigger to make your entry into a nice short position for a low risk trade. The advantage of trading with golden and death crosses is that traders can quickly follow the trend. In a downtrend, when the price is between the 50 EMA and 200 EMA, this is the sell zone. A bullish crossover occurs when the shorter moving average crosses above the longer moving average. 100 day EMA with 200 days EMA use this to identify long term trades. As a rule of thumb, for as long as the moving averages remain aligned, the trending conditions will persist. A system using a 50-day SMA and 200-day SMA would be deemed medium-term, perhaps even long-term. Though both SMA and EMA are for a 50 day period, you can notice that the EMA is. ![]()
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