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

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

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

A downtrend line is drawn by connecting two highs and the price highs are connected using a straight line. This straight line shows that the currency prices are heading downward because this trend line slopes downward - hence its name downwards trend line. Forex traders then use this trend line 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 and Trade Upwards Forex Trendline

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

Course: How to Draw & Trade Downwards Forex Trend Line

Technical Analysis of Forex Trend Lines - Trend Line Forex Trading