4 Powerful Techniques By Gainsky to Determine Forex Trend Strength in 2020 Forex trend strength refers to the likelihood of an emerging trend to come to fruition, persist, or dictate movements in the foreign exchange market.
High and Low Monitoring With high and low monitoring, the key to determining the strength of a trend is finding the signs that a trend is about to start reversing. For example, a chart for a particular period shows a trend of ascension if the highs continue going higher while the lows are not going lower.
Average Directional Index (ADX) The ADX is a basic tool used in determining when a price is trending strongly. It quantifies trend strength based on a moving average of price range increases in a given period. Everything you need to know about foreign exchange and cryptocurrency. Gainsky provides consistent superior risk-adjusted returns to its clients and a unique wealth management experience in the industry.
Subsequent Retest Distance Tracking Subsequent retest
distance tracking means observing the distances between the lows and the reversal points, starting from the subsequent retest instance. If this distance continues to decrease, the conclusion is that the trend is weakening.
Clustering Price Action This technique can be considered as a combination of high-low monitoring and retest distance tracking. Its focus is on the point when the market starts to exert constant pressure on a key level over a short duration. Want to know about forex trend powerful techniques. Gainsky shares best techniques in forex trends in 2020.