Moving Averages (a) Calculate:

(i)5-day Simple Moving Average (SMA) (3 marks) (ii)5-day Weighted Moving Average (WMA) (3 marks) (iii)5-day Exponential Moving Average (EMA) (2 marks)

May	Price	5SMA	5WMA	5EMA
13	11,535.27
16	11,354.62
17	11,388.50
18	11,418.15
19	11,984.52
20	11,662.79
23	11,805.00

Note: Give answers in the above table to the nearest whole number. Show all working and steps in the answer booklet. (b) On a downtrend, list the nearest to the furthest moving average lines relative to price, i.e. Simple, Weighted and Exponential moving averages. (2 marks)