03 Technical analysis

How to begin?

Types of Charts
– Line chart
– Bar chart
– Candlestick chart

Line chart

A simple line chart draws a line from one closing price to the next closing price.
When strung together with a line, we can see the general price movement of a currency pair over a period of time.

Bar chart

A bar chart is a little more complex. It shows the opening and closing prices, as well as the highs and lows prices

Bar charts are also called “OHLC” charts, because they indicate the Open, the High, the Low, and the Close

Candlestick chart

Candlestick chart show the same information as a bar chart, but in a prettier, graphic format.
Candlestick bars still indicate the high-to-low range with a vertical line.