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Investopedia explains 'Daily Chart'
Daily charts display all of the price movement for the period and are typically used by day traders to implement short-term strategies.
Because the forex operates 24 hours a day, there is technically no stoppage of trading between one trading day and the next as there is in other markets. As a result, the convention is to consider a forex day to be from 5pm EST to the same time on the following day, and most daily charts are displayed this way.
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