There is a huge amount of technical tools and indicators out there. Unfortunately, most of them are unreliable to the point of being completely useless. Nevertheless, when you filter out most of the noise, you can end up with the real gems. The stuff that actually has real value, but largely overlooked by the majority of traders. The simple, yet powerful 200 Daily Moving Average definitely falls into that category. Check it out.

Price chart of CADCHF in real time mode

The 200 Daily Moving Average — Traders' best friend

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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