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Your Questions About Forex Charts The following Question and Answer is brought to you by our Forex Consultant with interaction from members of the Yahoo Answers community.

Mark asks…

Forex charts? When looking at a forex chart for a currency “PAIR” you will see 2 lines one for each currency. What is the significance of the “distance” between the two lines (representing each currency)? I am using this to determine the average percentage change, daily, weekly, etc.

admin answers: If you look at an FX chart there’s only one line… Http://www.dailyfx.com/charts/Chart.html …that’s an EUR/USD chart. All charts work on the basis that 1 of the first symbol will buy you ___ of the 2nd.

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Example: EUR/USD is now at 1.2811 which means one euro will get you 1.2811 dollars.

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Your Questions About Forex Charts  

admin answers: When looking at a forex chart for a currency “PAIR” you will see 2 lines one for each currency. What is the significance of t...

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