Please include your IP address in your email. In a previous chapter in our forex training course, we discussed what technical analysis is. Charts are useful for giving us historical information, and they can provide a snapshot of the market at the moment they are drawn.Let foor look at the two main types of charts according to how they depict price movements: Line ChartsThe line chart is simply a graph of price points connected by lines.
The vertical axis, as shown in the symbolic chart below, depicts prices, and the horizontal axis matches a particular time to each price quote on the vertical axis.
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