The "Trend" screen under the Symbol Detail tab analyzes and determines whether a currency pair is currently in a bullish or bearish trend.
The goal with trend-following technical indicators is to trade with the trend until there is a clear signal that the trend has reversed. However, identifying this signal can be difficult.
Before taking positions in the direction of a trend, it is crucial to determine if the trend is gaining or losing strength.
The goal with trend-following technical indicators is to trade with the trend until there is a clear signal that the trend has reversed. However, identifying this signal can be difficult.
Before taking positions in the direction of a trend, it is crucial to determine if the trend is gaining or losing strength.
If you're a trend trader, you need to make sure that you are only taking trades in trends that are strengthening, and not those that are weakening (unless you are countertrend trading).
For each currency pair, a proprietary "Trend-Following Rating" is calculated.
A visual breakdown of the rating which is based on moving averages is provided.
For each currency pair, a proprietary "Trend-Following Rating" is calculated.
A visual breakdown of the rating which is based on moving averages is provided.