Free Online Forex Charts - Well Worth a Bookmark!

I thought I'd pass on this handy charting tool for your forex bookmarks. It's provided by Forex Capital Markets (FXCM) and allows you to generate detailed web-based charts for all the major currency pairs. It runs off a Javascript applet, so you'll need the necessary plugins installed, but those aren't hard to get. I've found it useful in situations where I'm away from my home computer and hence don't have access to the charting software on my desktop (DealBook FX, for example). With the DailyFX charts it's easy to check out currency action from any computer with a standard web browser like Internet Explorer.

You can specify timeframes from ticks up to months and switch between line charts, dot charts, forest and candlestick charts, and several other formats. There's also a great selection of studies, including MACD, Stochastics, Parabolic SAR, ADX, exponential moving averages, Bollinger Bands, RSI, CCI, and a variety of oscillators. Not to mention Fibonacci fans and retracements.

Another nifty thing about the applet is you can actually draw in the chart window, adding your own trend lines, highs and lows, and other visual markers of your own choosing. Zoom in and out for a closer look or to make a more detailed notation on the chart, or overlay the chart of another currency pair on top for quick comparison.

I've found this a fun charting tool to play around with, and I think you will too. Who knows, you may even stumble on some indicators you weren't aware of before!