{"id":314,"date":"2024-08-12T15:38:55","date_gmt":"2024-08-12T15:38:55","guid":{"rendered":"https:\/\/www.mytradingland.com\/uni\/?p=314"},"modified":"2024-08-13T00:55:58","modified_gmt":"2024-08-13T00:55:58","slug":"how-to-detect-market-trends-on-a-chart","status":"publish","type":"post","link":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/","title":{"rendered":"How to Detect Market Trends on a Chart"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/trend-forex.png\" alt=\"trend forex\" \/><\/p>\n<p>A trend is a Birdseye view of the market &#038; a trend could be moving in either an upward, downward, or sideways trend. <\/p>\n<p>You can use the trend line drawing tool on your trading platform\/app to draw lines to mark where trends start and end on a chart.<\/p>\n<h3>What is an Upward Trend in Forex?<\/h3>\n<p><img decoding=\"async\" src=\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/upward-trend.png\" alt=\"trend\" \/><\/p>\n<p>In an upward trend the green candles record higher highs, &#038; red candles record higher lows. Think of it like you are climbing up a set of stairs.  <\/p>\n<p>In an upward trend, it is not unusual to see a red candle amongst green candles &#038; this only means some early buyers are selling &#038; cashing out their profit; thus, causing the price to fall momentarily. <\/p>\n<p>However, even the red candles still record higher lows each time they form in an uptrend because they keep forming above each other.<\/p>\n<h3>What is a Downward Trend in Forex?<\/h3>\n<p>down trend<br \/>\n<img decoding=\"async\" src=\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/downward-trend.png\" alt=\"\" \/><\/p>\n<p>In a downward trend, the candles close at a lower price than their predecessor. In a downtrend, you tend to see red candles recording lower lows &#038; green candles recording lower highs.<\/p>\n<p>Occasionally you also see some green candles form in a downward trend because some short sellers are buying &#038; cashing out their profits &#038; this causes the price to rise momentarily. <\/p>\n<div>\n<ul>\n<li>Whenever buyers in an upward trend begin to sell &#038; close their trades with profit; a red candle appears<\/li>\n<li>Whenever sellers in a downward trend begin to exit the market with their profits by executing buy orders, a green candle appears.   <\/li>\n<\/div>\n<\/ul>\n<p>When reading forex charts, it is important to identify trends as this will help you know whether to place a long or short trade.<\/p>\n<p>As a rule of thumb, the trend is always your friend so it\u2019s not advisable to trade against the trend. <\/p>\n<p>For example, it\u2019s not advisable to open a long trade when markets are falling; instead, you should open a short trade. <\/p>\n<p>Trading against the dominant market trend is like swimming against the tide. It means you are being contrarian and acting opposite to popular opinion. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A trend is a Birdseye view of the market &#038; a trend could be moving in either an upward, downward, or sideways trend. You can use the trend line drawing tool on your trading platform\/app to draw lines to mark where trends start and end on a chart. What is an Upward Trend in Forex? [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-314","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Detect Market Trends on a Chart - MTL Uni<\/title>\n<meta name=\"description\" content=\"Upward trends have higher higher &amp; higher lows and once this rule is broken, it ceases to be an upward trend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Detect Market Trends on a Chart - MTL Uni\" \/>\n<meta property=\"og:description\" content=\"Upward trends have higher higher &amp; higher lows and once this rule is broken, it ceases to be an upward trend.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/\" \/>\n<meta property=\"og:site_name\" content=\"MTL Uni\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-12T15:38:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-13T00:55:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/trend-forex.png\" \/>\n<meta name=\"author\" content=\"Yokoyi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yokoyi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/\"},\"author\":{\"name\":\"Yokoyi\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#\/schema\/person\/75cde71fb0d97a41800e0a57e5c7be1e\"},\"headline\":\"How to Detect Market Trends on a Chart\",\"datePublished\":\"2024-08-12T15:38:55+00:00\",\"dateModified\":\"2024-08-13T00:55:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/\"},\"wordCount\":348,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/trend-forex.png\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/\",\"url\":\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/\",\"name\":\"How to Detect Market Trends on a Chart - MTL Uni\",\"isPartOf\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/trend-forex.png\",\"datePublished\":\"2024-08-12T15:38:55+00:00\",\"dateModified\":\"2024-08-13T00:55:58+00:00\",\"description\":\"Upward trends have higher higher & higher lows and once this rule is broken, it ceases to be an upward trend.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#primaryimage\",\"url\":\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/trend-forex.png\",\"contentUrl\":\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/trend-forex.png\",\"width\":650,\"height\":258},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.mytradingland.com\/uni\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How to Detect Market Trends on a Chart\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#website\",\"url\":\"https:\/\/www.mytradingland.com\/uni\/\",\"name\":\"MTL Uni\",\"description\":\"MyTradingLand Uni is our Fee Resource to learn the basics of Forex Trading. Use our modules &amp; guides to learn the basics of forex trading &amp; the risks.\",\"publisher\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mytradingland.com\/uni\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#organization\",\"name\":\"MTL Uni\",\"url\":\"https:\/\/www.mytradingland.com\/uni\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/mtl-uni-logo.jpg\",\"contentUrl\":\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/mtl-uni-logo.jpg\",\"width\":160,\"height\":160,\"caption\":\"MTL Uni\"},\"image\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#\/schema\/person\/75cde71fb0d97a41800e0a57e5c7be1e\",\"name\":\"Yokoyi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/08753745106736c749eab04dff7945563e55d157c17382b73f4dc6e061b7fae0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/08753745106736c749eab04dff7945563e55d157c17382b73f4dc6e061b7fae0?s=96&d=mm&r=g\",\"caption\":\"Yokoyi\"},\"url\":\"https:\/\/www.mytradingland.com\/uni\/author\/yf7beu9nkse145o06qma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to Detect Market Trends on a Chart - MTL Uni","description":"Upward trends have higher higher & higher lows and once this rule is broken, it ceases to be an upward trend.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/","og_locale":"en_US","og_type":"article","og_title":"How to Detect Market Trends on a Chart - MTL Uni","og_description":"Upward trends have higher higher & higher lows and once this rule is broken, it ceases to be an upward trend.","og_url":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/","og_site_name":"MTL Uni","article_published_time":"2024-08-12T15:38:55+00:00","article_modified_time":"2024-08-13T00:55:58+00:00","og_image":[{"url":"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/trend-forex.png"}],"author":"Yokoyi","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Yokoyi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#article","isPartOf":{"@id":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/"},"author":{"name":"Yokoyi","@id":"https:\/\/www.mytradingland.com\/uni\/#\/schema\/person\/75cde71fb0d97a41800e0a57e5c7be1e"},"headline":"How to Detect Market Trends on a Chart","datePublished":"2024-08-12T15:38:55+00:00","dateModified":"2024-08-13T00:55:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/"},"wordCount":348,"commentCount":0,"publisher":{"@id":"https:\/\/www.mytradingland.com\/uni\/#organization"},"image":{"@id":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/trend-forex.png","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/","url":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/","name":"How to Detect Market Trends on a Chart - MTL Uni","isPartOf":{"@id":"https:\/\/www.mytradingland.com\/uni\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#primaryimage"},"image":{"@id":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/trend-forex.png","datePublished":"2024-08-12T15:38:55+00:00","dateModified":"2024-08-13T00:55:58+00:00","description":"Upward trends have higher higher & higher lows and once this rule is broken, it ceases to be an upward trend.","breadcrumb":{"@id":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#primaryimage","url":"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/trend-forex.png","contentUrl":"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/trend-forex.png","width":650,"height":258},{"@type":"BreadcrumbList","@id":"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.mytradingland.com\/uni\/"},{"@type":"ListItem","position":2,"name":"How to Detect Market Trends on a Chart"}]},{"@type":"WebSite","@id":"https:\/\/www.mytradingland.com\/uni\/#website","url":"https:\/\/www.mytradingland.com\/uni\/","name":"MTL Uni","description":"MyTradingLand Uni is our Fee Resource to learn the basics of Forex Trading. Use our modules &amp; guides to learn the basics of forex trading &amp; the risks.","publisher":{"@id":"https:\/\/www.mytradingland.com\/uni\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mytradingland.com\/uni\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.mytradingland.com\/uni\/#organization","name":"MTL Uni","url":"https:\/\/www.mytradingland.com\/uni\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mytradingland.com\/uni\/#\/schema\/logo\/image\/","url":"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/mtl-uni-logo.jpg","contentUrl":"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/mtl-uni-logo.jpg","width":160,"height":160,"caption":"MTL Uni"},"image":{"@id":"https:\/\/www.mytradingland.com\/uni\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.mytradingland.com\/uni\/#\/schema\/person\/75cde71fb0d97a41800e0a57e5c7be1e","name":"Yokoyi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mytradingland.com\/uni\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/08753745106736c749eab04dff7945563e55d157c17382b73f4dc6e061b7fae0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/08753745106736c749eab04dff7945563e55d157c17382b73f4dc6e061b7fae0?s=96&d=mm&r=g","caption":"Yokoyi"},"url":"https:\/\/www.mytradingland.com\/uni\/author\/yf7beu9nkse145o06qma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.mytradingland.com\/uni\/wp-json\/wp\/v2\/posts\/314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mytradingland.com\/uni\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mytradingland.com\/uni\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mytradingland.com\/uni\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mytradingland.com\/uni\/wp-json\/wp\/v2\/comments?post=314"}],"version-history":[{"count":6,"href":"https:\/\/www.mytradingland.com\/uni\/wp-json\/wp\/v2\/posts\/314\/revisions"}],"predecessor-version":[{"id":1123,"href":"https:\/\/www.mytradingland.com\/uni\/wp-json\/wp\/v2\/posts\/314\/revisions\/1123"}],"wp:attachment":[{"href":"https:\/\/www.mytradingland.com\/uni\/wp-json\/wp\/v2\/media?parent=314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mytradingland.com\/uni\/wp-json\/wp\/v2\/categories?post=314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mytradingland.com\/uni\/wp-json\/wp\/v2\/tags?post=314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}