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On Mar 18th, 26 major forex pairs I watch, only 3 moved according to the principle above. So prices for 23 of the 26 were either above the 50EMA but moved lower or were below the 50EMA but moved higher.
But to what extent does this hold true at any given moment, and how does the picture change over time?
But to what extent does this hold true at any given moment, and how does the picture change over time?