What are the Various Types of Trends? - Definition of Types of Trends in Forex
The 2 different types of trends are upwards trend and downward trend.
Upwards Trend
Upward trend is a bullish movement where prices generally close higher than where they opened.
An upwards trend can be identified by drawing an upwards trendline on the price chart.
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Downwards FX Trend
Downwards trend is a bearish movement where prices generally close lower than where they opened.
A downwards trend can be identified by drawing a downward trend line on the price chart.
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