Ways to See Forex Market Trends Quickly

In the world of trading, trends are a representation of market forces. Traders are unlikely to be able to fight the market. If it is not friendly to the trend, it means that the trader is expressing hostility to the market. Since it is impossible to go against the market, the only way is for the trader to follow where the market is moving. Here's how to quickly spot forex market trends:

Using Trendline Support and Resistance

In determining a trend is to use trendline support and resistance. Trendline is one of the tools used for technical analysis in forex trading. In addition to functioning as support (in an uptrend) and resistance (in a downtrend), trendlines are one of the simplest tools to identify trend direction.

One of the characteristics of the change in trend is the break of the trendline which can be an early indication that the price may change direction. The trendline is considered translucent if the entire candlestick body that is formed is outside the trendline line. Trading using a trendline can be done by connecting the two lowest or highest points in a price movement that is being observed. The condition for drawing a valid trendline is that there are at least two connected peaks and two bottoms.


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