Currency Charts

Just about all professional strategic forex traders working for the major banks and hedge funds use currency charts to help them trade forex. Forex trading involves a significant risk of loss and is not suitable for all investors. By increasing leverage, a trader increases the risk. Therefore, before deciding to trade forex, you should carefully consider your financial objectives, experience level, and risk appetite.

Also, those who have a life or job outside of their forex-related activities use currency charts to easily catch up on any important market moves missed while they were away from a trading screen. In addition, currency charts allow smart forex traders to forecast future exchange rate movements using technical analysis, including identifying key support and resistance levels on currency charts. These levels allow you to optimize the placement of entry, stop-loss and take-profit orders. Below is a list of charts of the most frequently traded currency pairs along with information in regards to each one:

Major Currency Pairs Chart Pages

AUDCAD Currency pair flag AUDCAD
AUDCHF Currency pair flag AUDCHF
AUDJPY Currency pair flag AUDJPY
AUDNZD Currency pair flag AUDNZD
AUDUSD Currency pair flag AUDUSD
BITCOIN USD Flag BTCUSD
CADCHF Currency pair flag CADCHF
CADJPY Currency pair flag CADJPY
EURAUD Currency pair flag EURAUD
EURCAD Currency pair flag EURCAD
EURCHF Currency pair flag EURCHF
EURGBP Currency pair flag EURGBP
EURHUF Currency pair flag EURHUF
EURJPY Currency pair flag EURJPY
EURNOK Currency pair flag EURNOK
EURNZD Currency pair flag EURNZD
EURPLN Currency pair flag EURPLN
EURSEK Currency pair flag EURSEK
EURTRY Currency pair flag EURTRY
EURUSD Currency pair flag EURUSD
GBPAUD Currency pair flag GBPAUD
GBPCAD Currency pair flag GBPCAD
GBPCHF Currency pair flag GBPCHF
GBPJPY Currency pair flag GBPJPY
GBPNZD Currency pair flag GBPNZD
GBPSGD Currency pair flag GBPSGD
GBPUSD Currency pair flag GBPUSD
NZDCAD Currency pair flag NZDCAD
NZDCHF Currency pair flag NZDCHF
NZDJPY Currency pair flag NZDJPY
NZDUSD Currency pair flag NZDUSD
USDCAD Currency pair flag USDCAD
USDCHF Currency pair flag USDCHF
USDDKK Currency pair flag USDDKK
USDHUF Currency pair flag USDHUF
USDJPY Currency pair flag USDJPY
USDMXN Currency pair flag USDMXN
USDNOK Currency pair flag USDNOK
USDPLN Currency pair flag USDPLN
USDSEK Currency pair flag USDSEK
USDSGD Currency pair flag USDSGD
USDTRY Currency pair flag USDTRY
USDZAR Currency pair flag USDZAR
To identify potentially high-probability trading opportunities, some technical traders also draw trend lines between successive market highs or lows on currency charts to identify additional high-probability trading opportunities. Others might use technical indicators like the Relative Strength Index or RSI on their currency charts to identify oversold or overbought currency pairs due for a correction or reversal. Still others might use Moving Average-based technical indicators, or even a combination of indicators, to give trading signals to buy or sell based on currency charts.

Which indicators to use

There are thousands of indicators on the market, but a surprising few have become popular over the years due to their ease of use and success at gauging market sentiment. There is no perfect set of indicators. Traders may change their preferences over time or adjust to changing market conditions, but the general rule is to limit the number you use to less than a handful.

Too much information can limit your ability to react to obvious trading set ups as they arise. Fine-tuning a small set of indicators is highly recommended. Invest the time to learn the nuances of your chosen indicators and chart formats, and you will become a more effective and, hopefully, more successful trader along the way.

Currency Charts for the Majors and Minors

Those wishing to trade forex in the major and minor currency pairs involving the U.S. Dollar really need currency charts to provide additional information to help them trade. Tracking forex trends, although this tool provides valuable insights, it does not guarantee profits on a trade. The primary major and minor currency pairs for which accurate currency charts are provided include the following:

EUR/USD USD/JPY GBP/USD USD/CHF USD/CAD AUD/USD NZD/USD

Having accurate currency charts for the cross-currency pairs that do not involve the U.S. Dollar might help your chance of forex trading success. Trends frequently occur in the major and minor crosses providing insights into trading opportunities for a trader willing to focus on cross-currency charts. A cross-currency chart is not a guarantee of profitability; however, it is a handy tool to enhance understanding of the forex trading climate.

How to use your currency chart

Your forex chart is your best “weapon” for deciding when to enter and when to exit a currency position. The future direction of a particular pricing move is always a “50/50” proposition, but your indicators may guide you as to whether the probabilities favour one direction over another. Discerning the consensus of trader psychology at a given moment is your objective with your chart, but charts are never perfect in this regard.

Time spent testing your trading system on a free “demo” account with virtual cash and real time quotes is imperative to gain interpretation skills that will give you an “edge” in the market. If you limit your losers, and let your winners run, you can bias the odds to favour your disciplined approach.