Trend analysis is the use of technical analysis to try and spot patterns in market data that indicate the future direction. In trend analysis, the trader is assuming that a certain pattern is likely to repeat in the market regardless of which currency pair’s price action is making up that pattern. Traders can profit by timing their buys and sells according to the formation and reversal of trends. Trend analysis looks at the short-term, intermediate and long-term market trends.
Technical traders depend on trend analysis to profit from forex market price movements rather than fundamental analysis. Trading according to trend analysis can be time consuming, but many traders find it fascinating and profitable.
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