Identifying Long-Term Trends With Moving Averages

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Identifying Long-Term Trends With Moving Averages

Moving Averages (MA) are considered reliable indicators for the identification of medium and long term trends. Traders mainly use three strategies relating to the indicator that include; Single MA, Double MA, Triple MA. Let’s discuss each one by one. Single MA: In this strategy traders use single MA which acts as the support and resistance level.

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