Charts

Learn to trade Charts

Line Charts
A simple line chart makes a graph by drawing a line from one closing price to the next closing price. When viewing this line over time, we can see the general price movement of a currency pair.

Here is an example of a line chart for EUR/USD:

Bar Charts
A bar chart shows closing price by placing a dash to the left, while showing opening prices with a dash on the right. Highs and lows are indicated by the length of the vertical line going down the center. The bottom of the vertical bar indicates the lowest traded price for that time period, while the top of the bar indicates the highest price paid. The vertical line also indicates the range for the time period. This allows you to view more data on a singe screen, making you decision better for predicting the trend.

Open: The little horizontal line on the left is the opening price
High: The top of the vertical line defines the highest price of the time period
Low: The bottom of the vertical line defines the lowest price of the time period
Close: The little horizontal line on the right is the closing price

Candlestick Charts
Candlesticks are the same as Bar Charts but are shown with more graphics to them.

The body of the candlestick show the range from open to close and the color of each body lets you know if price went up or down during that time period. The line above or below the body are called shadows and this is the high and low price for the time period.

1) For our ‘filled’ blocks, opening price higher than the closing price, and then the block in the middle or body would be filled. (example on right)

2) For our 'empty' blocks, closing price is higher than the opening price, then the block in the middle will be “white” or hollow or unfilled. (example on left)