Fx Charts

Zooming in on Friday and Mondays price action (1D Chart) we can see the development of an inside bar. As described in a previous Chart Of The Day article, an inside bar occurs when today’s price action does not exceed the previous day’s high or low.

As can be seen from the 1-minute AUDUSD chart above, the AUD/USD pair dropped approximately 40 pips from 1.0680 to 1.064 within 40 minutes. The Relative Strength Indicator (RSI) falling below 30 indicated that forex trading crowd was massively …

As can be seen from the 1-minute AUDUSD chart above, the AUD/USD pair temporarily slipped 20 pips from 1.0470 to 1.0450 five minutes before and after the housing report. Regardless, market reactions were quickly corrected after that and the …

DailyFX provides forex news on the economic reports and political events that influence the currency market. Learn currency trading with a free practice account and charts from FXCM.

For our example, let’s take a look at the historical Daily chart of the NZDUSD below… This is an excellent chart to use as it shows a range along with a downtrend and an uptrend. Let’s take a look at the range first. When a market is …

U.S. Consumer Credit Chart: January 2009 to January 2012 Chart created using data by Bloomberg– Prepared by Tzu-Wen Chen The unemployment rate unexpectedly fell by 0.2% to 8.5% in December, the lowest level since February 2009. The improving …

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Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices are testing the top of a falling channel set from the November 17 high, now at the 100.00 figure, with a break higher targeting 101.18. Near-term support remains at 97.89.

We plan to turn them back on when FX markets return to more normal levels of trading … Learn currency trading with a free practice account and charts from FXCM.

With a lack of market direction, as price pings between support and resistance, traders should consider the “inside bar” strategy discussed in today’s DailyFX Plus webinar and December 9ths Chart Of the Day. Staying on our Daily chart for …