To read a forex chart

There is a menu at the top of this EURUSD chart which allows you to change settings. You can try various timeframes, change the view to lines, bars or candlesticks and add trend lines or fibonacci rretracements using the drawing tools. We also have different Forex Charts found here. The EURUSD is one of to read a forex chart most traded currency pairs around.

The Euro being the official currency of most member states in the European Union, and the largest world currency US Dollars. This foreign exchange pair is followed by tourists between each area, business exporters and more importantly banks or trading institutions. The EURUSD rate is affected heavily by economic data from each nation. The price quotes in our chart for GBPUSD are real time 24 hours a day, Monday to Friday. It’s an actual forex market rate, so it may differ slightly to a quote at your broker, due to spreads and various other factors. It’s a double edged sword, if brokers didn’t add spreads, they wouldn’t make their money, and we wouldn’t have access to the market, but we would get a better rate!

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About Crude Oil Crude oil is often referred to as Light Sweet Crude and WTI Oil or CL on futures exchanges. In its raw form when freshly extracted the color of Crude Oil can vary from black to dark brown, even with a slight red or green hint. The primary use of Crude Oil is for production of fuel oils and gasoline and since the 1900’s has become the world’s main source of energy. Trading firms, companies in the energy sector and retail traders all follow Crude oil prices closely, which can be traded on futures exchanges such as NYMEX and ICE.

A single lot size is quoted in dollars and cents per barrel. About GBPUSD This live GBPUSD forex chart comes with drawing tools, indicators and various time scales to aid your forex trading. The Pound to Dollar pair is often known as cable because of the old telecommunication cable which was laid under the Atlantic ocean between United Kingdom and USA. GBPUSD is a popular pair for CFD and spread betting.