The market overview lets you quickly compare price movements on different timescales.
The overview shows three gauges, for the price movement during the last 60 minutes, 24 hours, and 5 days.
Each gauge shows the current price in relation to the high-low range (with prices). A gauge which is
mostly blue means that the current price is towards the top end of the range; orange means that the price
is towards the lower end of the range. The inner bar then shows the open price for the period, and the
corresponding % change.
Below the gauges are three simple candle charts, letting you compare short-term market activity on
the M5, M15 and H1 timeframes.
The AUDCAD pair is the abbreviation of the Australian dollar and the Canadian dollar. The highest trading activity of AUDCAD
is observed during the Pacific session. The pair is considered a commodity as it combine the economies of Australia and Canada
that depend on the export of minerals and raw materials. While the Canadian economy depends more on the value of Brent crude oil and
sawnwood, the state of the Australian economy is based on world prices for premium wheat. The main trading partners of the countries-issuers
of the pair currencies are the United States and Great Britain. When carrying out fundamental analysis of the pair, in addition to the main
macroeconomic indicators of Australia and Canada (GDP and inflation level, interest rates and labor market data), one should take into
account similar indicators of the United States. Despite the actual absence of the US national currency in AUDCAD pair, the US dollar is
involved in the formation of its rate, which is manifested as a correlation with the charts of AUDUSD and USDCAD.
Challenges