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Moving Averages – Basics
Moving Averages (MAs) are by far the most widely used and easiest-to-understand Forex indicator. They are displayed directly on your chart and help traders identify the direction of the trend and potential support or resistance levels.

What is a Moving Average?
A Moving Average is simply the average price over a specified period. It smooths out price fluctuations, making it easier to see the overall trend rather than every small price movement.

Simple Moving Average (SMA) Example
One of the most common MAs is the SMA100:
SMA100 = the Simple Moving Average of the close price for the last 100 bars.
This means the MA line represents the average closing price of the last 100 candles on your chart.

Example in Practice:
We have placed the SMA100 over the GBP/USD Forex pair on a 4-hour chart.
The line moves with the price but smooths out smaller fluctuations.
It gives a clear view of the trend over a medium-term period.

Key Points
Trend Identification
Price above SMA → bullish trend
Price below SMA → bearish trend

Support and Resistance
Moving averages can act as dynamic support (in uptrend) or resistance (in downtrend).

Ease of Use
Simple to set up on any charting platform
Provides a visual guide for trend direction