What is a Forex Open High Low Close Chart?

A forex opens high low close (OHLC) chart is a tool that is used to denote the movement of a currency over time.

A forex opens high low close (OHLC) chart is a tool that is used to denote the movement of a currency over time. The vertical lines on the OHLC chart illustrate the highest and lowest prices of the currency over a unit of time. The tick marks on either side of the bars denote the opening and closing prices of the day. Traders and analysts frequently use an OHLC chart to spot trends and stock movements on a short term basis.

Each segment of an OHLC chart provides you with information such as high and low ask prices and also open and close prices for a certain period of time. In other words, the whole trading range can be observed. This can be better illustrated with this diagram:

Forex Open High Low Close: Spot the Trends

If all the components, i.e., open, high, low, close, are equal or close enough, then you know the trend is pointing north. The range between the low and the high represents volatility. The up and down movement on the chart also reflects the trends and patterns for a winning trade. The analysis becomes difficult when the market trends are mixed. If there is a gap on a bar, there is a high likelihood of a weak trend. It’s your job to check the reasons for this trend. The market sentiments are a strong factor in deciding the trends. Your chances of making a successful trade lie in spotting those trends and that is where open and close come in handy to interpret the trends in a clear, concise manner.

Forex Open High Low Close: OHLC v/s Candlestick

The primary difference between the OHLC chart and candlestick is the way they display opening and closing prices. The OHLC shows the difference for a particular session, while the candlestick shows the closing price compared to the previous day’s closing price. The OHLC also displays signs of pattern development, which enables the trader to make a better movie.

Key Takeaways of Open High Low Close

It can be applied to any timeframe.

The OHLC normal uses the normal of the open, high, low, and close (or last) cost, and is a typical specialized pointer setting in many trading platforms.

At the point when the nearby is over the open, the bar is regularly hued black. At the point when the nearby is underneath the open the bar is frequently shaded red.

Comments (31)

  • Nqhjlz
    ivermectin tablets uk - price of stromectol stromectol order online
  • Uduseu
    assignment company - term papers for sale online buy thesis paper
  • Nukxcm
    where can i get accutane online - accutane online pharmacy uk generic of accutane
  • Eopoqq
    buy real tadalafil online - tadalafil professional tadalafil online canadian pharmacy
  • hydroxychloroquine online perscriptipn
    organs affected by asthma best hair regrowth treatment plaquenil hydroxychloroquine hydroxychloroquine over the counter hydroxychloroquine online
  • ivermectin for humans
    arthritis of the joints allergy severity ivermectin over the counter ivermectin 12 mg ivermectin for sale ivermectin for sale ivermectin tablets ivermectin 6 mg
  • Qddlgl
    sildenafil cost - silepilled sildenafil online pharmacy
  • Kkkoye
    ivermectin over the counter canada - ivermectin 9 mg ivermectin 12
  • Fxtlqi
    covid ivermectin - stromectol 0.1 ivermectin lotion for scabies
  • Iayzgt
    doxycycline for sale - cost of 25 mg prednisolone cost of 25 mg prednisolone
  • Fpxojc
    cytotec tablets - cytotec 800 mg where to buy cytotec in usa
  • Spwrur
    order Albuterol - ventolin tablet price buy ventolin online
  • Niufhm
    furosemide 120 mg daily - buy lasix tablets india lasix 80 mg daily
  • Ovuqyr
    drug order prednisone - cheapist price for prednisone without prescription prednisone on line
  • Dmqqwq
    ivermectin 3mg price - price of stromectol how much is ivermectin
  • Fauxbm
    cialis tablets uk - Buy cialis cheap cialis 100mg tablets
  • Hgexvt
    sildenafil 20 mg in mexico - 50mg viagra sildenafil paypal
  • Qtzuhf
    how to write an essay about my family - hire essay writer college essay assistance
  • Zjzmga
    methylprednisolone 4mg price in india - lyrica tablets 25mg lyrica 100 mg capsule
  • Xhgsbt
    amoxil generic name - buy amoxicilin 500 mg online canada amoxicillin
  • Cewsha
    accutane 20 mg price in india - roche accutane without prescription accutane 80 mg daily
  • Evybaq
    generic prednisone 20mg - prednisone over the counter prednisone 10 mg price
  • Lsueio
    ivermectin 3mg online - stromectol generic name
  • Sxfkta
    canadian pharmacy generic vardenafil - vardenafil generic names buy vardenafil in uk
  • Twbamb
    buy cialis daily online - where can i buy cialis in canada
  • Iadsjb
    online pharmacy viagra no prescription - buy viagra toronto
  • Wzlmhf
    neurontin 400 mg - online pharmacy levothyroxine levothyroxine 0.0125 mcg
  • Itmsmv
    doxycycline 50 mg price australia - doxycycline hyclate 100mg price order doxycycline uk
  • Qewbfm
    buy cytotec canada - cytotec without prescription can you buy cytotec over the counter
  • Iyzuhi
    ventolin generic price - ventolin over the counter ventolin price usa
  • Loddzw
    buy stromectol pills - ivermectin 0.5% brand name buy ivermectin cream for humans

Write a Comment

Forex Featured Brokers


100% Welcome Bonus
$140 No Deposit Bonus
Broker Type : STP/ECN
Leverage up to 1:3000

Start Trading View Profile »

Free Trading Signals
Leverage - up to 1:200
Minimum Deposit: $250
Broker Type: STP/ECN

Start Trading View Profile »

100% Free Credit Bonus
Minimum Deposit $5
Leverage up to 1:1000

Start Trading View Profile »

$30 No Deposit Bonus
120% Forex Deposit Bonus
Leverage up to 1:3000
Minimum Deposit $10

Start Trading View Profile »

Up to 100% Deposit Bonus
Minimum Deposit $10
Leverage up to 1:777
Broker Type: NDD

Start Trading View Profile »

Up to 50% Deposit Bonus
Leverage up to 1:400
Minimum Deposit $100
Broker Type: NDD

Start Trading View Profile »