Latest

Forex Dictionary

Zombie Currency

by Miracle Admin

Definition - What does Zombie Currency mean? A zombie currency is a legal currency that is no longer used as

Forex Dictionary

Yard

by Miracle Admin

Definition - What does Yard mean? A yard is trading slang for 1 billion units of a particular currency. The

Forex Dictionary

World Currency

by Miracle Admin

Definition - What does World Currency mean? A world currency is a theoretical trade currency that would replace national currencies

Forex Dictionary

Whipsaw

by Miracle Admin

Definition - What does Whipsaw mean? Whipsaw is a slang term for any sharp move in price action that is

Mira FX
⥤From Brokers to Trader⥢
  • No-Deposit Bonuses
  • Deposit Bonus
  • Demo Contest
  • Live Contest
  • Education
    • Article
    • Strategies
  • Forex School
  • Brokers
    • No-deposit Bonuses
  • Calendar
  • Live Charts
  • Central Banks
    • Bank of Canada
    • Bank of England
    • Bank of Japan
    • European Central Bank
    • Federal Reserve
    • Reserve Bank of Australia
    • Reserve Bank of New Zealand
    • Swiss National Bank
No Result
View All Result
  • Education
    • Article
    • Strategies
  • Forex School
  • Brokers
    • No-deposit Bonuses
  • Calendar
  • Live Charts
  • Central Banks
    • Bank of Canada
    • Bank of England
    • Bank of Japan
    • European Central Bank
    • Federal Reserve
    • Reserve Bank of Australia
    • Reserve Bank of New Zealand
    • Swiss National Bank
No Result
View All Result
Mira FX
No Result
View All Result
Home Forex Terms

Line Chart

Miracle Admin by Miracle Admin
January 5, 2021
in Forex Terms
A A
ShareRetweet

Definition – What does Line Chart mean?

A line chart is a basic type of forex chart that plots the closing price for each interval and connects all the data points with a line. Line charts can be set up to display the average price instead of the closing price, or multiple lines can be plotted to show the open, close and average. Line charts are most often used to evaluate long-term correlations between the price action of two currency pairs or a currency pair and some other variable like oil prices or gold prices.

ForexTerms explains Line Chart

Compared to other types of charts, a single line chart leaves out a lot of information. This can be a plus if a forex trader wants to filter out market noise. For example, long-term traders can use a line chart to quickly view the overall trend. For short-term traders, however, a single line chart doesn’t give enough information to be useful, so multiple lines may be added (or, more likely, a bar or candlestick chart will be used instead).

ShareTweetShareSendShareSend
No Result
View All Result
  • Education
    • Article
    • Strategies
  • Forex School
  • Brokers
    • No-deposit Bonuses
  • Calendar
  • Live Charts
  • Central Banks
    • Bank of Canada
    • Bank of England
    • Bank of Japan
    • European Central Bank
    • Federal Reserve
    • Reserve Bank of Australia
    • Reserve Bank of New Zealand
    • Swiss National Bank

Mira FX