A trend is a tendency for prices to move in a particular direction over a period.
Trends can be long term, short term, upward, downward, and even sideways.
Success with forex market investments is tied to the investor's
ability to identify trends and position themselves for profitable entry and exit points.
These trends are primarily categorized into three types:
▶️Horizontal or Sideways trend
Uptrend is the successive movement of graph with higher trough and peaks. It often denotes rise in the price of currencies or commodities. Uptrend always consists of higher highs and higher lows.
Downtrend is just the opposite of uptrend where the peaks and the trough lowers, depicting that the value of currency has decreased beyond what is was before. So downtrend always consists of lower lows and lower highs.
Horizontal or Sideways trend occurs when there is minimum up and down movement seen in the graph.