The CURFORMANCE Trend Line (CTL)
The primary currency abbreviation appears on the left side of the foreign currency pair. For example, USD/EUR, with USD being your primary currency. As the foreign exchange rate (price) rises and falls, you'll know whether your currency is strong or weak. See how the CTL can help with your foreign currency trading decision below.
When price is consistently above the CTL, the more foreign currency units your currency will likely be able to buy in the near future.
You might consider postponing the transaction until later (days or weeks) for a better price if the uptrend continues.
If the price has reached a new high, depending on the market the price might continue even higher or fall sharply.
A 52-week high means the price hasn't been this good within a year and might be a great time to execute the trade.
When price is consistently below the CTL, the amount of foreign currency units your currency will likely be able to buy in the near future is decreasing. If you cannot wait until the uptrend returns, you might consider executing the foreign exchange trade sooner in order to purchase as many foreign currency units as possible at the current price level.
If price has reached a new low, then price may rebound in your favor in the coming days/weeks or continue even lower depending on the market.
CTL Flat (Range Bound)
When price movement is near the CTL and is flat (also referred to as "range bound" or "trading sideways"), that might indicate that a change in direction of the trend is coming -- from uptrend to downtrend or vice-versa.
If price is far above the CTL and is flat, then price might continue upwards. Meanwhile if price is far below the CTL and is flat, then the price might continue downwards.
If price is flat and crosses the CTL to the other side (e.g. from below to above), beware of a possible change in direction of the trend.
Your primary currency is usually the currency you earn or use to value your wealth. To easily determine whether your currency is currently strong or weak, give your primary currency priority over others when viewing the charts by having it on the left side of the currency pair.
The value of your holdings will also be displayed in terms of your primary currency.
Also, to have a relevant list of charts in your dashboard, select the other secondary currencies that matter the most to you.