EURUSD Forex chart

Forex trading nowadays is very popular due to its currency trading, and the most popular trading
in pairs is EUR/USD.

Forex chart patterns

Forex charts are a way of visual perception of market information, in which a clear picture of the
price movement over a period of time is constructed from the flows of market quotes. Currently,
almost all traders use trading tools in graphical analysis, because they allow  to clearly what is
happening in the Forex market. The types of Forex charts that are most often used in trading, as
well as their features, are as follows.

The developers of trading systems took care about the aspect, that the style must be accompanied
by convenience, and this software was equipped with everything necessary for playing on Forex.

What is forex chart

Forex chart is a key aspect, because with the help of it is possible to observe currency
movements.

How to read a forex chart

How to read graphics? This question worries many novice Forex traders, who realized that many
of the indicators of technical analysis are late or simply do not work.

Forex chart analysis

On the Forex market there is such a thing as Forex chart analysis. It is the interpretation of
information on the graph which is presented in the form of graphic formations. The main aim is
making a profit.

Free forex chart

Classic trading involves trading with a special program (terminal or platform), which must be
pre-installed on the device: a computer, a tablet, a laptop or a phone. In this way, most brokerage
companies work. But not everyone likes to download additional applications, clogging the hard
drive's memory.

Forex charts

Chart is an image that clearly reflects the change in price and other market values. A popular tool
for technical analysis.
The graphs are constructed in a rectangular system of two coordinates. Traditionally, the
horizontal axis of abscissa is time, on the vertical axis of ordinates are displayed price, volume or
open interest (for the Forex market - the exchange rate or tick volume).
 The arithmetic scale is applied along the time axis. On the price axis, an arithmetic or
logarithmic scale can be used.
 The period corresponding to the unit interval on the time axis, is the timeframe (scale). It
depends on the degree of compression of market data. The tick chart shows each change in the
exchange rate. This is the smallest timeframe. Tick ​​information about transactions is not always
available and is not necessary, so most commonly used is a generalized, condensed price history
for a certain period.
 There are four basic values ​​of the exchange rate for different periods of time:
Open price (Open, O);
The maximum price (High, H);
The minimum price (Low, L);
The closing price (Close, C).
On the chart can be applied one price value of the period or all four at the same time.
 At each moment of time, the exchange rate in the Forex market is presented in the form of bid /
ask quotes. The graph can be constructed both for one of these prices and for their average value
(Bid + Ask) / 2. A combined approach is possible when the Bid is used as the minimum period
price, Ask is the maximum price, and the opening and closing prices are taken from the average
Bid and Ask prices.
Modern information and trading terminals allow you to obtain market data in real time and build
on their basis different graphics.