Understanding Forex Charts

GBP AUD Chart - Candlestick Forex Charts Below is the live forex chart for the currency pair: GBP/AUD. It uses the candlestick chart to show: low, open, close, high.

When dealing with such small time horizons , viewing a chart and using technical analysis are efficient tools, because a chart and associated patterns can indicate a wealth of information in a small amount of time. While everyone is used to seeing the conventional line charts found in everyday life, the candlestick chart is a chart variant that has been used for around years and discloses more information than your conventional line chart. Forex traders will analyze these charts closely to identify changes in momentum and After studying this type of chart, it becomes apparent that there is a wealth of information displayed on each candlestick. A line chart presents the same information as your candlestick chart, but the data is represented by a line. After you have registered a free demo or real money trading account you will have full and unlimited access to the live forex charting offered inside and will have the opportunity to monitor, evaluate and take notes of trends of the currency pair you wish to trade.

All Currency Pair Charts

A line chart presents the same information as your candlestick chart, but the data is represented by a line. The line correlates to the closing distance of each of the closing prices in each of the candles.

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