Tick chart for EURCAD, 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
The EURCAD is the abbreviation for the Euro against the Canadian Dollar and
it denotes how many Canadian Dollars are needed to purchase one Euro.
Crude oil is one of Canada's largest exports and as such, tends to be sensitive
to fluctuations in crude oil prices and global growth expectations. The Eurozone
is the largest monetary union in the world and one of the most popularly traded currencies
in FX. Throughout history there have been numerous times the euro has been used as a funding
currency during times of global economic uncertainty. The EURCAD typically has a slightly higher
average true range than the majors, offering more opportunities to intra-day traders as well as swing traders.