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There is no magic in moving averages but they can be used to form the basis of a simple trading strategy that works. You can develop many strategies using moving averages but remember that complex trading strategies are not always best. Both day traders and swing traders can benefit from a moving average.
55 Period EMA The 55-period long-term moving average will be considered the longer-term trend direction indicator: When the 55 EMA is below both the 9 and 21, we