How Do I Analyze a Trend Line? - Analysis of Trendlines - Trendline Forex Trading

A trend line can be an upwards trendline or a downwards trendline.

An uptrend-line is drawn by connecting two lows and the price lows are connected using straight line. This straight line portrays that the currency prices are moving upward because this trendline slopes up-wards - therefore its name upwards trendline. Traders then use this trendline as a support zone of the forex price. New buy trades are opened once the price touches the upwards trend line.

A downtrend-line is drawn by connecting two highs and the price highs are connected using a straight line. This straight line portrays that the currency prices are moving downwards because this trendline slopes downwards - therefore its name downwards trend line. Traders then use this trendline as a resistance zone of the forex price. New sell trades are opened once the price touches the downward trend line.

Course: How to Draw & Trade Upward Trendline

How Do I Analyze Trend Line? - How Do You Interpret a Trend Line?

Course: How to Draw & Trade Downwards Trend Line

Technical Analysis of Trend Lines - Trend Line Forex Trading