What is a Forex Chart?Forex charts show data about currency pairs, which is a ratio of one currency to another. Analysis of Forex charts is then performed by investors using various drawing tools and technical analysis indicators available on the site. Forex trading involves buying or selling some currency, with the purpose of later closing that position for a profit. One common currency pair is EUR/USD, which the Euro quoted in US Dollars, i.e. how many dollars it will take to purchase one Euro. Historical Forex data is used to identify trends and movement on the Forex charts, and make purchasing decisions.
Forex charts can be displayed in a variety of ways, including different timeframes or resolutions, as well as different chart types. You can read more about Forex chart types in the section below. If the Forex chart is displayed in bars or candles, a timeframe is the length of time reflected by one bar or candle. For example, if one day timeframe is chosen then each bar will reflect open, high, low and closing prices for a day.
Major Pair Forex ChartsOn OnlineForexCharts.com you can analyze the most popular currency pairs for free using interactive real-time Forex charts presented by MultiCharts. Here is a list of main symbols: