To analyze how the price of a forex currency pair changes, we need to study its historical prices along with its current price action. A chart, or more precisely, a forex currency pair’s price chart, appears to be the leading means that almost all of the traders are utilizing to perform forex chart analysis, learn about past prices, and to perform technical analysis. We can define a chart as a visual representation of a forex pair’s price movement over a set period.
Although there are three types of charts available in the MT4 and MT5 by default, and these charts include:

The most traditional sort of chart is the Candlestick chart, as it shows the same price data as a bar chart but in a better-looking, easy-to-understand, and graphic format. On the chart, the most used information is the high, low, open, and close price levels. Here on these charts, the candlestick bars symbolize the high-to-low area with a vertical line. Nevertheless, in candlestick charting, the larger block (or body) in the middle indicates the range between the opening and closing prices.