Services

trend in a currency price movement and choosing trade entry and exit points based on the positioning of the currency's price within the trend and the trend's relative strength.

Traders will often cite the phrase, "The trend is your friend," as a reminder that recent trends can be reliable indicators of where prices are likely to go moving forward and where to best set up trade entry and exit points. Trend traders use a variety of tools to evaluate trends, such as moving averages, relative strength indicators, volume measurements, directional indices and stochastics.