many pals inquire with me as to the meaning of moving average ribbon.
The meaning of moving average ribbon is a technique used in technical analysis to identify changing trends. It is created by placing a large number of moving averages onto the same chart. When all the averages are moving in the same direction, the trend is said to be strong. Reversals are confirmed when the averages crossover and head in the opposite direction.
The moving averages used in the diagram start with the 50-day moving average and increase by 10-day periods up to the final average of 200. (50, 60, 70, 80... 190, 200)
Responsiveness to changing conditions is accounted for by changing the number of time periods used in the moving averages. The shorter the number of periods used to create the average, the more sensitive the ribbon is to slight price changes. For example, a series of 5, 15, 25, 35 and 45-day moving averages will be a better choice to find short-term reversals then 150, 160, 170, 180-day moving averages.
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Posted 6 months ago #
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apparently the anticipations that the MXN probably will surge against the NOK before January the 18th began surfacing around the time that the updates in the economy will impact the markets in Oslo for the long term that if true should advocate the dip of the MXN.
Posted 6 months ago # -
anybody else??
Posted 6 months ago # -
i was told by all the journals not to sell MXN till winter 2010, when the slide in the electrical equipment exports will impact the MXN rates positively.
Posted 6 months ago #
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