The main take aways from that chart for me are:
1) On the daily chart the 50 MA can be discarded,
2) It's important to stay on the right side of the 20 MA, Bullish above, Bearish below, and,
3) The shorter MA (7) predicts danger or good things to come (depending on your position), a possible impending change in trend as it flattens and turns. It's essential to pay close attention to the slope of both MAs and the directions they are pointing. . .put an arrow head on the leading edges.
Favorite oscillators, etc. can be added for spice, if one wants, but the bottom line is the trend of price action is all that really matters.
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