Forex Bar Chart: A Key Tool for Technical Traders What is a Forex Bar Chart? A Forex bar chart, also known as an OHLC (Open, High, Low, Close) chart, is a type of financial chart used to represent price movements of currency pairs over specific time...
The daily chart of the AUD/USD pair shows a bearish bias supported by a series of bearish highs and lows since late September 2024. The overall structure continues to decline, interrupted only by minor consolidation phases or outright corrections....
Forecast of NZDUSD Although the primary trend on the daily time frame chart was bearish, the price has been moving in an upward channel for the past several trading days. In this ascending channel, the trend line at the top was above the moving...
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Note that the ratios won’t always line up perfectly, so use your judgement to determine whether the pattern is valid. The ratios are simply guidelines to identify potential Crabs. It’s always best practice to use your discretion and consider other...