News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region. Get your #Bitcoin forecast from @DColmanFX here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields. Get your #crudeoil market update from @FxWestwater here:
The Merits of Using Longer Term Charts versus Using Shorter Term Charts

The Merits of Using Longer Term Charts versus Using Shorter Term Charts

Richard Krivo, Trading Instructor

Student’s Question:

I have heard that longer term charts will provide more accurate trading information. Would you agree? And if so, why is that the case?

Instructor’s Response:

Yes I would definitely agree with that assessment.

To determine why that is true, let’s begin by thinking in terms of a Daily chart. One candle on a Daily chart contains within it the data from all of the trades that took place in one 24 hour trading day…from 5 PM Eastern time one day until 5 PM Eastern time the next day. That is a LOT of data!

Now let’s think in terms of a 30 minute chart, for example. Each candle on a 30 minute chart contains all of the trades that took place on the pair in question over the last 30 minutes. Clearly, a lesser amount of trading data than comprised the Daily chart. So I operate on the theory that more data is better than less data.

Think about this analytical process in terms of the decisions that you make relative to your life. There are times that I think about the decision making process that I use in trading the same way that I would go about making an important decision in life. If I am undecided about something, I just might solicit the advice/input of people that I respect prior to making the decision. (The old “two heads are better than one” theory.) The more perspective (data) I can gain on my decision, the more likely I am to make a solid decision. In hindsight, it may not turn out to be the right decision but it will be the more informed decision. Sounds a bit like trading doesn’t it?

So, when you are making a trading decision, would you prefer to be making it based on a greater amount of data or a lesser amount of data? Personally, as one whose trades generally are a few days to a few weeks in duration, I prefer using the charts that provide the greater amount of data.

Also, remember that all of the above applies to any indicator that is placed on the chart as well. The longer the timeframe, the more relevant and viable its feedback will be.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.