Technical Analysis
- What is Market Trend?
- Types of Trends
- Trend Classifications
- Information About Trendlines
- Trend Analysis and Timing
- Drawing Trendlines
- Trendlines I
- Trendlines II
- Trendlines III
- Channel Lines
- Find Price Support Levels
- Finding Price Resistance Levels
- 50% Retracements
- 33% and 66% Retracements
Types of Trends
The direction of the trend is absolutely essential to trading and analyzing the market. In the Foreign Exchange (FX) Market, it is possible to profit from both UP and Down movements, because the buying and selling of one currency is always linked to another currency e.g. BUY US Dollar SELL Japanese Yen.
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Up Trend As the trend moves upwards the US Dollar is appreciating in value. |
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Down Trend As the trend moves downwards the US Dollar is depreciating in value. |
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Sideways Trend Prices are moving within a narrow range (The currencies are neither appreciating nor depreciating) |








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