Community Forex Questions
What is a weekly chart?
A weekly chart is the data series of price actions for a traded security. On a weekly chart, each candle, bar, or point on a line represents the price summary for a single week of trading. Candlestick charts and bar charts are the most common types of charts used by traders and investors.
A weekly chart in Forex displays price movements over a one-week timeframe, with each candlestick or bar representing a week’s trading activity. Unlike shorter timeframes (like hourly or daily charts), weekly charts provide a broader perspective, helping traders identify long-term trends, key support/resistance levels, and major reversal patterns.

Weekly charts are particularly useful for swing traders and position traders who hold trades for weeks or months. They filter out market noise, offering a clearer view of sustained trends. Additionally, fundamental traders use weekly charts to align their strategies with macroeconomic trends.

By analysing weekly charts alongside daily or monthly charts, traders gain a balanced view of the market, improving decision-making for long-term profitability.

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