Candlestick Chart
This kind of chart is based on an ancient Japanese method. The chart
represents prices at their opening, high, low and closing rates, in a form of
candles, for each time unit selected.
The empty (transparent) candles show increase, while the dark (full) ones show
decrease.
The length of the body shows the range between opening and closing, while the
whole candle (including top and bottom wicks) show the whole range of trading
prices for the selected time unit.
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Candlestick Chart - Easy Forex Australia |
Here's a candlestick chart (USD/JPY) with some explanations:
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Currency Candlestick Chart Explained Easy Forex
Australia |
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