EVERYTHING ABOUT FOREX
The graphical analysis is the simplest analysis of the price changes. There are several types of price graphs and charts available. In all the price graphs the vertical axis shows the price changes and the horizontal axis shows the time.
Tick charts each time display a new quota of price changes. Compared to other price charts there is no fixed time axis on this graph. Every new price movement is displayed on the tick chart by means of the replacement in a vertical direction of a horizontal axis. There can be multiple price changes lines at the active markets and fewer price changes at the relatively stagnant markets.
Line chart displays only price movements details. Line charts provide сlose prices carried out only in one time frame. Due to a simple structure this chart is mostly used for the analysis of long-term tendencies. Line charts do not display price changes in up and down directions in a specified time period and may not be sufficient in short term analysis.
Bar chart is one of a simple methods of graphical analysis that is widely used at the FOREX market. Bar charts display all the specific features of price changes in a relevant time period. The bars in a chart along with the highest and lowest lines of price movements in a known time period show open and close prices in a specified time period.
Candlesticks - is a style of charting used to describe price movements of a financial instrument. It displays the high, low, opening and closing prices for a security for a single day. Candlesticks are usually composed of the "real body" which usually tells investors whether the closing price was higher or lower than the opening price (black/red if the stock closed lower, white/green if the stock closed higher). Candlesticks are the indicators that reflect the emotions of buyers and sellers, display opening and closing prices and give the most accurate signals. That’s why candlesticks are widely used by many traders.
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