echnical indicators are calculations based on traded price and traded volume in the stipulated time frame.
The process of Fundamental Analysis and Technical analysis captures various factors for analysing while Technical indicator helps to forecast the market.
Chart patterns can be difficult to read given the volatility in price movements. Moving averages can help smooth out these erratic movements by removing day-to-day fluctuations and make trends easier to spot. Since they take the average of past price movements, moving averages are better for accurately reading past price movements rather than predicting future past movements. They define the current direction with a lag.
Hi,
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