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When the currency shifts between 2 parallel
trend lines the channel is created. The first thing to do in creating a
channel to depict the primary trendline, above the highs for a downward
trend or below the bottoms for an up-trend. Connecting at least 2
subsequent highs draws a downward straight line. It can be used to
demonstrate profit opportunities received during a trend.
Example of the uptrend "channel"
Example of the downtrend "channel"
Range, or the horizontal channel is
characterized by absence of a strongly pronounced uptrend or downtrend
trend of an exchange rate. At the range channel prices fluctuate in a
range of the average value.
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