Further, the 20 - day exponential moving average is also just overhead, which lends a little more resistance. (morpheustrading.com)
For example, entering 4 to 5 new long positions while the major averages are still below their 20 - period exponential moving averages on the hourly chart is dangerous. (morpheustrading.com)
That is the reason why more recent data is considered stronger to base trades on when using exponential moving averages. (7binaryoptions.com)