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| | Post New Topic | | Simple And Exponential Moving Averages | Views: 21 | | Nov 03, 2009 6:35 pm | | Simple And Exponential Moving Averages | # | 
Gene Hoglan | | Simple and exponential moving averages are two mathematical tools used in Technical Analysis for Currency Trading with the purpose of predicting future values of Forex prices.
A simple moving average is the sum of past values of a specific currency pair, divided in the amount of prices used; each trader chooses the appropriate number of prices to be included in the algorithm. For instance: suppose that we are interested in predicting the future price of the EUR USD for tomorrow and we have prices for the previous 5 days: [1.44 , 1.38 , 1.41 , 1.46 , 1.48] so the simple moving average is…
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Cheers!
Gene
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