Tick chart for EURCHF, 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.
The EURCHF is the abbreviation for the Euro against the Swiss Franc. For traders on the forex market, the correlation between the euro and the Swiss franc currency pairs is too strong to be ignored. The EUR/CHF (euro/Swiss franc) currency is driven by the currency pairs—USD/CHF and EUR/USD. For two separate and distinct financial instruments, a 95% correlation is close to perfect. However, arbitraging the two currencies, in an attempt to capture the interest rate differential, does not work. Over the long term, most currencies that trade against the U.S. dollar have a correlation above 50%. This is because the U.S. dollar is a dominant currency involved in 90% of all currency transactions. Furthermore, the U.S. economy is the largest in the world, which means that its strength impacts many other nations. Although the strong relationship between the EUR/USD and USD/CHF is partially due to the common dollar factor in the two currency pairs, the relationship is far stronger than that of other currency pairs, due to the close ties between the eurozone and Switzerland. Surrounded by other members of the eurozone, Switzerland has close political and economic ties with its larger neighbors. Because the two economies are intimately linked, if the eurozone contracts, Switzerland will feel the ripple effects.