The market overview lets you quickly compare price movements on different timescales.
The overview shows three gauges, for the price movement during the last 60 minutes, 24 hours, and 5 days.
Each gauge shows the current price in relation to the high-low range (with prices). A gauge which is
mostly blue means that the current price is towards the top end of the range; orange means that the price
is towards the lower end of the range. The inner bar then shows the open price for the period, and the
corresponding % change.
Below the gauges are three simple candle charts, letting you compare short-term market activity on
the M5, M15 and H1 timeframes.
The USDCAD currency pair is the abbreviation for the U.S. dollar versus Canadian dollar. Trading the USDCAD
currency pair is also known as trading the "loonie," which is the name for the Canadian one dollar coin. The USD/CAD
is affected by factors that influence the value of the U.S. dollar and/or the Canadian dollar in relation to each other and
other currencies. Some of the economic events that affect the pair include the interest rate differential between the
Federal Reserve (Fed) and the Bank of Canada (BoC) and the price of commodities, especially oil because the
Canadian economy is heavily reliant on oil.
Challenges