#CurrencyPairPrediction Trend analysis is a cornerstone of technical analysis, focused on identifying the overall direction in which a currency pair's price is moving over time. A trend can be upward (higher highs and higher lows), downward (lower highs and lower lows), or sideways (price consolidating within a range). Identifying the prevailing trend is considered crucial because the adage "the trend is your friend" suggests that price movements are more likely to continue in the direction of the established trend. Trendlines are a primary tool used in trend analysis. An upward trendline is drawn by connecting a series of higher lows, acting as a dynamic support level. A downward trendline is drawn by connecting a series of lower highs, acting as a dynamic resistance level. Moving averages, which smooth out price fluctuations over a specified period, are another valuable tool for identifying trends. When the price is consistently above a rising moving average, it suggests an uptrend, and when it's consistently below a falling moving average, it indicates a downtrend. Recognizing and understanding the dominant trend can help traders align their trading strategies with the prevailing market momentum.