ChallengesTick chart
Tick chart for USDCAD, 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.
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About USDCAD
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.