The RUB USD FX chart can be defined as a trading platform that displays the movements of the Russian ruble and the United States Dollar in the forex market. These charts uses historical or passed data with a combination of real time oil quotes to identify a profitable investment opportunity. This chart have the ability to display low, high and average prices of RUB USD currency pair when compared to other currency pairs.
The RUB USD charts have the capacity to predict future currency movements thereby facilitating trades. The US oil chart helps to predict when to exit an oil trade position to increase more profit. It also helps a trader to find great trade positions, enter the positions and exit at ease thereby increasing profits.
TYPES OF RUB USD FOREX CHART
THE CANDLE STICK RUB USD CHART
The candle stick RUB USD chart can be defined as a chart that helps traders to better understand the emotions involved in the RUB USD currency day price. This method uses unique chart displays of open, high, low and close parameters. This candle stick chart is made up of wicks and the main body. The main body displays the conviction of the RUB USD currency pair while the wick shows the trader an overstretched emotion that may not hold.
In a candle stick RUB USD forex chart, if the main or real body is seen to possess a greater number of the candle, it specifically indicates a trend candle because the currency action price closes near the period end but if the wick is seen to possess a greater number of the candle, it specifically indicates some flashing lights that warns a trader to stop a particular trade if trading with a trend.
THE BAR RUB USD FOREX CHART
The bar forex chart provides the same type of trading information regarding the RUB USD currency pair as the candle stick chart. The only difference is that a bar chart indicates the open and the close including the high and low but without color indications. The traders who uses the bar chart actually considers the information on the open, close, high and low to be vital but have no need for colors in other to identify trades options.
THE LINE RUB USD FOREX CHART
The line RUB USD chart has the characteristics of producing the smallest amount of data. But it has the ability to generate information on the close parameter and most traders regard this information as the most important price of a day’s trade. The simplicity of the line chart is very needed in well-defined RUB USD forex market trends.
In conclusion, traders are advised to fully understand the importance of each RUB USD forex chart in other to trade with the one that best defines his trading motives. RUB USD charts are very good at managing risk and finding high probability entries.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.