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The moving average (SMA) and the Exponential Moving Average (EMA)

The simple moving average is one of the most popular and simplest forex indicators. It is the average price of the base currency over a certain period of time. Lets say we have 60 closing prices for the last 60 days. Then you sum up the price and divide the result by 60. Equal weighting is given to each daily price.

Read more: The moving average (SMA) and the Exponential Moving Average (EMA)