The accuracy of
exponential moving average is higher because the bias level is lower and the frequency to make a forecast with the higher bias level is higher using 2 days simple moving average.
56 which would also be a move through its 200 period
exponential moving average.
Similarly, Deyaar Development has been in tight short term consolidation sitting on its support zone identified by the 100 period exponential moving average.
It's also sitting above the 200 period exponential moving average, a long term bullish sign.
20, which is also its 200 period
exponential moving average.
The DFM found support on Thursday around the 1800 price area (previous resistance level) and the 100 period
exponential moving average.
The first support level for the ADX is around 2,763 followed by the 2,705 area, a previous resistance zone and around the 100 period
exponential moving average (lower curved line).
Next resistance area on the ADX is at the 200 period
exponential moving average around 2,952, followed by the 3,063 price area.
6 per cent Fibonacci level around 2131, followed by the 200 period
exponential moving average (blue curved line), which is now around 2424.
Synergetic Technical Analysis combines Japanese candlestick patterns (a charting method tested and refined over centuries in the East) with Western technical tools including classic chart patterns,
exponential moving averages, the MACD (moving average convergence/divergence), and other technical indicators.
