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Forex Chart

A forex chart is a price showing the historical price and volume data on one or more currency pairs. A forex chart, thus, graphically depicts the historical behaviour of a currency across various time frames, along with technical patterns and indicators and overlays.

  • Double Tops and bottoms are important technical analysis patterns used by traders.

  • The rising wedge is a technical pattern used to identify possible trend reversals.

  • A symmetrical triangle is a chart formatting where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.

  • Bullish rectangles are continuation patterns that occur when a price pauses temporarily during an uptrend.

  • A doji is a name for a session in which the candlestick for a security has an open and close that are virtually equal and are often components in patterns.

  • The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns, but does have its limitations.

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