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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.
Example: EUR/USD is now at 1.2811 which means one euro will get you 1.2811 dollars.
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Published on Jul 27, 2012
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...