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Home > Learn FX Trading > Technical Analysis - Currency Charts - Candlestick Chart

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.

Candlestick Chart - Easy Forex Australia

Candlestick Chart - Easy Forex Australia


Here's a candlestick chart (USD/JPY) with some explanations:

 

Candlestick Chart - Easy Forex Australia

Currency Candlestick Chart Explained Easy Forex Australia
(Click image to enlarge)



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