Sentences with phrase «overall uptrend»
The phrase "overall uptrend" means that something, such as a stock price or a general trend, is consistently moving upwards or increasing over a period of time. Full definition
Though the virtual currency has been posing an overall uptrend since a ban on ICOs from China pushed the bitcoin price to near the $ 3,000 mark on September 15, it has seen some turbulence along the road.
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With a strong up move last week and an equally strong close to the week, we are clearly still bullish on the AUDUSD as the overall uptrend is intact.
With the recovery on Wednesday, Asian investors seem to shrug off the potential impact of the Chinese ICO ban and instead focus on the overall uptrend of digital currencies.
Despite the overall uptrend, the stock's price action contains many choppy moves and what looks like a lot of day - to - day «noise».
Our bias remains bullish, in - line with the overall uptrend, so any rotations to the downside are seen as potential buying opportunity if the right situation forms.
With a strong up move last week and an equally strong close to the week, we are clearly still bullish on the AUDUSD as the overall uptrend is intact.
Crude Oil moved higher last week as the overall uptrend we have been discussing in recent months continued to make new highs.
The market then forms a «price action signal» after the retrace lower into support to confirm a reversal back in the direction of the overall uptrend, which may become the entry point.
What we have found is that the trader needs to focus on stocks that are in longer - term uptrends, that then sell off or pullback within that overall uptrend.
While, yes there is an overall uptrend of 2.73 millimeters per year, note the downtrend that is starting in 2010.