#CurrencyPairPrediction Trend identification in technical analysis is the process of determining the general direction in which a currency pair's price is moving over a specific period. Recognizing the prevailing trend is considered a fundamental aspect of technical analysis, as many trading strategies are designed to trade in the direction of the trend. Trends can be broadly classified into three main categories: uptrends, downtrends, and sideways trends (also known as consolidation or ranging markets). An uptrend is characterized by a series of higher highs and higher lows, indicating that buying pressure is dominant. Conversely, a downtrend consists of lower highs and lower lows, suggesting strong selling pressure. A sideways trend occurs when the price fluctuates within a relatively defined range, without a clear upward or downward direction. Various tools and techniques are used to identify trends, including visual inspection of price charts, trendlines (lines drawn connecting a series of highs or lows), and moving averages. Different timeframes can reveal different trends; for example, a currency pair might be in an uptrend on a daily chart but in a downtrend on an hourly chart. Identifying the dominant trend on the relevant timeframe is crucial for aligning trading decisions with the prevailing market momentum.