ChallengesTick chart
Tick chart for CADJPY, 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 CADJPY
The CADJPY pair is the abbreviation for the Canadian Dollar and Japanese Yen. The pair is characterized by its high volatility and strong, long-lasting trends, making it a profitable option when pursuing medium and long term trading strategies. The trading instrument is most active during the Asian and American sessions and least active during the European session. The movement of CADJPY is strongly influenced by fundamental data, including world oil prices, changes in trade balance and interest rates in Canada and Japan. There is also a significant correlation with th charts of Brent crude oil and its oil futures, as well as EURJPY pair chart. Trading CADJPY is considered quite difficult, because it requires experience running medium-term strategies. Short-term trading tactics are not effective for this asset due to the increased spread as a result of double conversion.