A golden cross is a technical analysis pattern where the short term and long term moving averages cross. A golden cross is essentially a sign that a currency pair’s price action is turning a corner and breaking with the previous trend. A traditional golden cross is identified by the short-term moving average breaking above the long-term moving average.
A golden cross in forex trading can be a tricky concept because of short positions. If the short term moving average breaks below the long-term moving average, this is called a dead cross or death cross by stock market technical analysts. In forex, you aren’t trading money for stock, but money for money, so a downward trending cross can be just as golden for the right trader as an upward trending one. Regardless of direction, a golden cross provides a useful buy or sell trigger for position traders.
Read More »
Home | Advertising Info | About | Contact Us
Janalta Interactive Sites: