What is Trend?

A trend refers to the overall direction of a financial market or an asset's price. Trends are determined in large part by using technical charting analysis and trendlines that highlight specific price action that make up technical support and resistance levels. An uptrend occurs when the price makes higher swing highs, while a downtrend is characterized by price making lower swing lows. Trends may occur in crypto, stocks, bonds, derivatives, and any other type of market, even when measuring different types of data, such as the overall economic outlook for a specific geographical region during a certain time period.