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.