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Simple Moving Average (SMA) Explained. A simple moving average (SMA) is the simplest type of moving average in forex analysis (DUH!). Basically, a simple moving average is calculated by adding up the last âXâ periodâs closing prices and then dividing that number by X.
Price just got above it's 50-day simple moving average which is a positive signal. According to simple moving average analysis, m&mfin is in a uptrend. Note: Technical Analysis updated at 7PM on every trading day.