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Technically how will you know a markets(trend) direction or movement?
technical
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- In Forex General
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- John Ka...
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- 1 year ago
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There are the visual factors and price factors. Using the visuals there are several indicators that you in this. You have candles sloping in the direction of the trend. There are oscillators like RSI.MACD, Stochastics that follow the market trend. Then there is price movement. Plotting where prices are going based on their open and close prices. |
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Just a quick glance a the chart. Price change from higher high, higher low in an up trend to lower high, lower low; or vice versa in and down trend. There are many indicators to see trend direction. One of the most easy and common use is 50 MA, above ma uptrend, below ma downtrend; if 50 MA is flat (range bounce) and if 50 MA at an angle (30-45 degree of more) then it is trending. |
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It depends on the indicators you use. I use moving averages,stochastics and boolinger bands to know the market direction and movement. |
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Through the use of trend lines, moving averages; observing if price is moving in a single direction, either up or down, but not sideways. |
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I can know the market trend and movement by applying a simple moving average to smooth out the price action. This is simple, straight forward and easy to understand. |
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So many techniques to use here. PIP Volume, breaking a historical support/resistance line, and short duration (1M chart) showing momentum increasing. |
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By reading your indicators and charts. Lesson to the news for strength and weakness in the currencies. |
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