In this video, we talked about the technical analysis of EUR/USD, GBP/USD, USD/JPY, and AUD/USD. Our outlook is bullish for the USD for the next few days. Why? And what about other currencies?
We also talked about uptrends and downtrends.
What is an uptrend?
In an uptrend, each subsequent peak and trough is higher than the ones that occurred earlier in the trend. Hence, the uptrend is made up of higher swing lows and higher swing highs.
What is a downtrend?
In a downtrend, each subsequent peak and trough is lower than the previous ones. Hence, the downtrend consists of lower swing lows and lower swing highs.