02.06.2019 - By DailyFX
One of the best forex indicators for any trader is the moving average, but using the moving average in a strategy depends on the currency pair and the market environment. While moving averages make it easier for traders to locate trading opportunities in the direction of the overall trend traders need to be careful which period they choose for a moving average and understand that this strategy tends to do better with volatile and trending markets vs. calm and range-bound markets.
Join DailyFX Sr. Analyst, Tyler Yell as he walks you through the popular RSI technical strategy with backtested results on GBPUSD over one year. Tyler shares with you the idea and logic of the strategies along with the preferred adjusts and under what environments these strategies performed well in.
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