Forex Charts help a trader visually track a currency price against another currency rate. As the value of the rate goes up and down the chart will plot a new point using a line, candle or bar plot. Using a forex chart in daily format helps you see the trend and direction historically and also the latest movements.
There are various settings and indicators available for use on forex charts. Some popular indicators are moving average, relative strength indicator and macd. Indicators are usually plotted onto the price to help you determine whether the direction of the price is trending up or down. There are many tutorials online for reading financial and forex charts, there is a good one here at Investopedia which guides you through the basics of techincal analysis and charting methods.
