Where You can Watch Forex Quotes on the Weekends

Welcome, fellow Forex traders.

As we all know, money on the financial markets never sleep. And Forex is not an exception. It trades 24 hours a day, 5 days a week. Applications from major players will continue to come to brokers on the weekends also. And this sometimes leads, as we remember, to the Gaps.

And so, you sit on Sunday night in anticipation of the opening of the market, wondering what the start price of trading can be. And actually, you have the opportunity to know in advance whether the gap will be and how different quotes since closing on Friday can be.

Forewarned is forearmed. And in this post, we will talk about where and how to obtain the most current Forex quotes on the weekends when your trading terminal is not working.

Where can you watch Forex quotes on the weekends?

So, where are we going to see weekend quotes while the price in our trading terminal is not moving?

You can see that at the time of writing this article, the closing price of the candle, that is the last price that was on the chart of EUR/USD pair, amounted to 1,0809. Until the market opens in our trading terminal we do not know whether there was a gap, whether the price moved up or down.

We do not have any information. It can be very useful to know, especially when Gaps happen. After all, if you know in advance that there will be a gap, you will be able to take any action on the opening of the market. That is to minimize losses from this gap or close positions as soon as possible.

This will help you figure out whether to wait for the opening of the market or to leave it as is and go to bed early.

Where will we watch quotes?

 

There are several options, but the most popular and convenient option is forex.tradingcharts.com.

On this site in addition to the charts and quotes, there is a variety of news and forecasts. You can open a chart of the currency pair from the menu directly:

Or you can click the link “CHARTS & QUOTES” in the menu and a separate page with the chart will be open:

The standard chart is the chart for the EUR/USD pair. You can easily change it for the chart of the pair you need:

There are currency pairs that were opened recently, distribution of popular pairs and majors in the menu.

If you don’t find your currency pair, click on Other/Select:

 

In the opened menu you can select the currency pair you are interested in:

Let’s consider the example of EUR/USD pair.

The default time is GMT. The default time is GMT. We are not going to change this time because it’s more convenient for us. On the chart, you can set bars, candlesticks, line chart and even add moving averages and other various standard indicators also the chart timeframe can be set at 1 minute, 5 minutes, 1 hour and 1 day.

For clarity, I will set 5 minutes and, to save the changes, click “Save” button that is located on the right.

Here’s the chart we will see eventually:

Here we are interested in the time, the opening price, the closing price of the candle, high and low. As we can see, we have data for Friday, and then we have data for Sunday.

Note, that we had he price about 1,0829, and then it dropped down by 10 pips and the next candle shows 1,0819 pips. It is because of very low liquidity. So the price may drop down abruptly. What conclusions can we draw from this?

The last price at the moment is 1,0820 pips. And the price on the chart of closing was 1,0809 pips:

It moved up 19 pips. Nothing would be terrible in this case. But on days when there are Gaps, you would feel a big difference in price. And I would know this in advance and would be ready for it. Similarly, we can open a chart for any currency pair.

Let’s open GBP/USD:

Compared with Friday the price of pound moved down. Quotes in the closing weeks were 1,4935 pips, and the last price on Friday was 1,4960 pips. A difference is about 20 pips. It’s certainly not a huge change, but you know that the price moved down. If you have a large position, then such data can be significant for you personally.

What is it for?

In order to know in advance whether there will be Gaps or not. To understand whether the price changed or not. And besides, there is always a share of your own curiosity, which can be satisfied this way.

When should you view the data?

I suggest that you view it Sunday night, so as to watch it on a Saturday or Sunday morning has no special meaning. Even if the price changed on the chart, then in the evening it will return to the original value. So it makes sense to view whether there will be the gap or not on Sunday night. Somewhere at 19:00 PM of GMT time. After that, you will be able to know whether you should wait for the opening of the market or go to sleep peacefully.

Take care, Michael

ForexTraderPortal.com