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Wednesday, April 20, 2011
Key data for the previous price movement
When watching the price of one currency to an earlier period, what is the information you're looking for?You care to know the following information for each prior period:Open priceClose priceHigh priceLow priceWhat does this mean?Suppose you are watching the price of the currency on the basis of each hourThe information that you will get are:How was the exchange rate at the beginning of this time is the opening price.How was the exchange rate at the end of this time is the closing price.How much higher price of a currency during this time, the highest price.How much lower price of a currency during this time, the lowest price.Suppose you are watching the price of the currency on a daily basisThe information that you will get are:How was the exchange rate at the beginning of this day, the opening priceHow was the exchange rate at the end of the day, the closing priceHow much higher price of a currency during the day, the highest priceHow much lower price of a currency during the day, the lowest priceThus, for any other period of time .. If:Open priceIs the exchange rate at the beginning of the chosen time period.Close priceIs the exchange rate at the end of the chosen time period.High priceIs the highest price of the currency during the time period selected.Low priceIs the lowest price for the currency during the time period selected.Remember that the foregoing information may be obtained in graphical knowledge of the issue make it very clear and easy
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