Forex trend: Compare the Market Trend for Better Trades

The forex trend is the most important thing to consider when trading. It is more important than accurate forex signals or other forex indicators. Trends are indicated by forex historical data which is plotted on forex charts to show you whether the market is going up or down.

This is a picture of a bullish trend: Bullish means the market is going upwards. It can also be known as an "uptrend".

forex bullish trend example

Here is a picture of a bearish trend: Bearish means the market is going downwards. It is also known as a "downtrend".

forex bearish trend example

The trend is the first thing a technical analysis trader will look at. I open my charts and assess the trend on a daily chart first, before moving to look at the trend on an hourly chart. On a candlestick chart, the 15-min and 30-min charts are not used so much to determine a trend, but are interesting to look at to spy candlestick signals.

I will always trade with the trend. The only exception is when there has been a market reversal signal on the daily chart (to indicate there may be a change in the trend the next day) and even then I will make sure that this signal is backed up by other forex indicators on my charts.

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Forex trend: Compare the Market Trend for Better Trades

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