subject: Forex Training To Learn How To Read Market Trends [print this page] If you are looking for a forex trend indicators then there are many that you can use. To name the most common forex trend indicator you can use the moving averages. Traders make use of the moving averages, by stating that the market is bullish if the price is above the recent high. Some of the traders also use the one moving average in combination with the other moving average. To further elaborate this, trader can use the reference that if the 30 day market sample is above the 200 day sample then the market is running bullish. As you will learn in forex training, you can also use the moving averages which are exponential or averaged.
As you will know, in the forex training the major discussion will be on how to find a trend. The price extremes in the market are used to indicate the potential trends. These prices can be based on the daily and weekly basis. In some cases even the monthly extremes are included. To conclude it, a trader will declare the market to be bullish if the prevailing price is above the high of last day, last week and last month. Also some of the traders make use of the weekly and monthly pivots. If the current price is above the weekly and monthly midpoint pivot, then it is safe to declare that the market is moving upwardly.
Another major trend indicator that you will learn in the forex training is the total strength indicator. In this indicator you will use the strength of momentum and strengthening of the other pairs of currency of the movement in that particular pair of currencies. Also you can check whether in the recent run, the high of the recent times has been broken. While studying these trends it is always helpful to use the multiple time frames as it will give you a larger picture regarding the movement of the currency.
