A bar chart is one of the most popular charts. It contains plenty of information about the price movement of the currency pair. The structure of a price bar is shown in the figure below.

The high and low prices are united by the vertical bar. The opening price is marked by a little horizontal line in the left of the vertical bar and the closing price in the right of the bar. With bar charts you have better visualization of the market movements so that’s why bar chart is the first choice for most of the traders. Below you can see a real market examples of bar chart.

This entry was posted on Thursday, March 15th, 2007 at 11:01 am and is filed under Types of Forex Charts. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.