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 Charts

On 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:

EURUSD Chart EURAUD Chart EURCAD Chart EURCHF Chart
EURGBP Chart EURJPY Chart EURNZD Chart EURTRY Chart
USDCAD Chart USDCHF Chart USDNOK Chart USDTRY Chart
USDZAR Chart USDSGD Chart USDSEK Chart USDMXN Chart



Types of Forex Charts

Each Forex chart can be displayed in the form of bars, candles, line, or shadowed area. Each type provides a visualization method that may be easier for some, but not others. For example, the traditional line representation only shows one price, while bars and candles show 4 price points for a particular timeframe. Candles also use color-coding to depict whether price action was bullish (up) or bearish (down) in a particular time period. Forex chart analysis starts with the way chart bars are displayed, so it is important to choose a style that suits your needs.