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Username: Andrew

Rating:
Guru Stars

Asked to: Heng Kim

Date Created: 19 Jan 2015
Category 17
Tag Forex
Question What does uptrend describe?
Advice from Guru
Hi Andrew,

The uptrend describes the price movement of a financial asset when the overall direction is upward. A formal uptrend is when each successive peak and trough is higher than the ones found earlier in the trend.

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