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Trend

In the forex market, a trend refers to the long term, medium term, and short term direction of the price of a currency pair. For instance, the EUR/USD traded at $1.3990 back in May 2014 and continued in a downward trend for more than 2 years to trade at 1.0348 in Jan 2017. Moreover, a trend can be upward, downward or sideways.

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Open Position

An active trade that has yet to be closed.