Trend is simply, the overall direction prices are moving, UP, DOWN, OR FLAT. Without a current trend, prices will stay relatively the same, and without changes in price, trading will not be profitable.
Up trend: As the trend moves upward, the U.S. dollar is appreciating in value.
Down trend: As the trend moves downward, the U.S. dollar is depreciating in value.
Sideways trend: Prices are moving within a narrow range.
The basic trendline is one of the simplest technical tools employed by the trader, and is also one of the most valuable in any type of technical trading. A price low is the lowest price reached during a counter trend move.
DRAWING BULLISH TREND LINES:
After prices hit the trendline for the 3rd time, the trader should be confident that the trend is established.
PRICE ACCELERATION:
As prices accelerate upward, a 2nd or 3rd trendline may be drawn to follow the price trend.
Up trend: As the trend moves upward, the U.S. dollar is appreciating in value.
Down trend: As the trend moves downward, the U.S. dollar is depreciating in value.
Sideways trend: Prices are moving within a narrow range.
The basic trendline is one of the simplest technical tools employed by the trader, and is also one of the most valuable in any type of technical trading. A price low is the lowest price reached during a counter trend move.
DRAWING BULLISH TREND LINES:
After prices hit the trendline for the 3rd time, the trader should be confident that the trend is established.
PRICE ACCELERATION:
As prices accelerate upward, a 2nd or 3rd trendline may be drawn to follow the price trend.
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