Daily Chart
Definition of 'Daily Chart'A line graph that displays the intraday movements of a given security. This contrasts to longer term charts, such as those that show a security's movement over a period of days, months or even years. |
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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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