Live Forex and CFD Charts

Live Forex and CFD Charts - Data & Tools | Dukascopy Bank SA

Dukascopy offers its free Live Forex Chart, a user-friendly widget for analyzing Forex, Commodities (oil, gas, etc), precious metals (gold, silver etc), stocks, ETFs, indices, crypto, and bonds markets. The live Forex chart widget can be inserted in any web site free of charge and accessed from various PCs via a login.

Unlike others, the chart widget can be greatly useful for not only full-time traders but also beginners.

Choose more than “60 indicators” available, and use the intuitive charting options with the “Candle,” “Line,” or “Bar” charts. Be able to see the current market “News” on the spot, choose the “Tick” settings, and elevate your analysis in minutes. Real-time quotes and continuously updated data are available! Get started!


How to Read and Analyze Forex Charts?

To successfully analyze and read Forex charts, you will need to go through the types of charts available and understand what each one can do for you. Let’s summarize the main types of charts, and their functions and uncover the main steps of reading Forex charts.

Chart Types

  1. Line

    The line chart is chosen by many traders because of its simplicity. The line chart is used to see the closing price for a particular time frame.

    Charting prices down the horizontal axis, which symbolizes time, is done from left to right. The price is displayed on a vertical axis, with the most current price being furthest to the right.

    Keep in mind that line charts are mainly used to see the closing price and understand the picture of an overall trend reducing market noise.

    Line chart
  2. Bar

    The bar chart contains more detailed information on price charting compared to the line chart. It consists of a vertical line that represents the price range of a specific timeframe. The time periods can be hourly, daily, or others.

    The highest point of the bar represents the “High Price” of an asset, thus the lowest point shows the “Low Price”. The distance between these points is called the “Price Range”. The line also has ticks from each side showing the “Opening Price” and “Closing Price”.

    The consecutive bars together can give specific information on market trends and price ranges.

    Bar chart
  3. Japanese Candlestick

    As the name suggests, this price charting uses a shape similar to a “candle stick” as a visual representation. This chart is perhaps one of the most known methods traders use. One candlestick shows the “High” “Open” “Low” and “Close” prices at the chosen timeframe. The distance between the “High” and “Low” is called “The Shadow or Wick”

    The body of the candle indicates the distance between the “Open” and “Close” price. When the Close is higher than the Open price then the body of the candlestick is filled with green. This reflects a positive sentiment in the market, thus when the body is red and the market sentiment is negative.

    There are many different shapes and sizes to the candlesticks and the patterns they form, each one representing a specific measure and market trend.

    Candel chart