A type of chart used in the forex. It has four major points- the high and low prices which form the vertical bar, the opening price marked on the left side of the bar, and the closing price marked on the right.
Bar Chart
Related Terms
-
An Inside Bar develops during a strong downtrend when the trading range is completely within the high and low of the previous bar. This suggests the pressure between buyers and sellers is becoming...
-
Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for another. While it is called “foreign” exchange, this is just a relative term. The terms “foreign” and “domestic” are relative to the person using the term. What is foreign to someone is considered domestic to another. “Currency exchange” […]
-
A chart pattern is a graphical presentation of price movement by using a series of trend lines or curves. Chart patterns can be described as a natural phenomenon of fluctuations in the price of a...
-
The Awesome Oscillator (AO) is a technical indicator created by Bill Williams that’s used to measure momentum. AO calculates the difference between a 34-period and 5-period Simple Moving...
-
Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex market, you buy or sell in currency pairs. As the value of one currency rises or falls relative to another, traders decide to buy or sell currencies to make profits. Retail forex traders participate in the forex market […]