ChallengesTick chart
Tick chart for AUDCAD, showing each change in the ask or bid price. (If the spread is very tight then the lines may overlap, and only the ask line may be visible.)
As well as a plain tick chart, you can use the "Tick speed" mode to add an indicator showing how long it has taken for the last N ticks to happen. The lower the histogram, the faster the market is moving.
The "Timed" mode still shows each change in the ask or bid price, but the X axis of the chart is set to constant units of time. You can use this to view individual ticks while still being able to distinguish between fast and slow periods in the market.
The "Candles" mode draws tick candles. These are candles which form each time that N ticks happen, rather than being time-based.
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About AUDCAD
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.