How to Read Forex Charts | Forex Chart Analysis

Each candlestick shows price movement over the period of time you selected. For example, if you have chosen a 15-minute timeframe, each candlestick on the chart will show how prices developed over a 15-minute period; the only exception being the candlestick on the far right of the chart, which will show live prices for the current – incomplete – period.

At a glance, a green candlestick indicates that the pair moved up in price over the given period, closing at a higher price than it opened. A red candlestick, on the other hand, indicates that the pair’s price decreased, closing at a lower price than it opened.

In addition, each candlestick will show four specific prices for the currency pair:

  • Open: the price at the start of the period
  • Close: the price at the end of the period
  • High: the highest price traded during the period
  • Low: the lowest price traded during the period

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