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October 10th - EU leaders will discuss a scaled-down budget proposal when they meet in Brussels next week. This comes after negotiators significantly reduced their initial proposal under pressure from some countries. Ireland, holding the rotating EU presidency, presented a compromise on Saturday regarding the EUs next seven-year budget, cutting approximately €160 billion ($179 billion) from the European Commissions €2 trillion proposal last year, to a nominal value of €141 billion. Irish Minister for European Affairs Thomas Byrne stated that the latest proposal represents a reduction of about 8% from the initial plan, opening the door to the next phase of negotiations. "We listened carefully to all member states. We worked with them to identify their priorities," Byrne said on Saturday. "No proposal can satisfy everyone."On October 10th, according to information released by the Houthi rebels in Yemen, the Saudi-led coalition launched an airstrike on Sanaa International Airport, the Houthi-controlled capital of Yemen, dropping four bombs on the afternoon of the 10th local time. In addition, the Saudi-led coalition also launched an airstrike on a communications facility in Hajjah province, also controlled by the Houthis, dropping three bombs. Saudi Arabia has not yet responded to these reports.On October 10, Russian Presidential Press Secretary Dmitry Peskov said that during his trip to Turkmenistan for the CIS Heads of State Council meeting and the Caspian Sea Eco Summit, Putin informed Iranian President Sergei Pezechzian that he would speak with Donald Trump. Following consultations with Pezechzian, Putin conveyed Irans proposals for resolving the conflict to Trump during his call with Trump on October 9. However, Peskov did not disclose the specific details of Irans proposals.According to the Palestinian National News Agency, Palestinian President Mahmoud Abbas issued a decree cancelling the Legislative Council elections originally scheduled for November 28, 2026, and rescheduling the presidential and Legislative Council elections for September 11, 2027.On October 10, the General Staff of the Armed Forces of Ukraine announced that Ukrainian troops had again attacked the Samara linear production dispatch station in Russias Samara region. The extent of the damage is still being assessed. The Ukrainian side stated that the station is a major hub for receiving, storing, and blending crude oil for Russia, playing a crucial role in ensuring the needs of the Russian military. Furthermore, the Ukrainian military confirmed that four storage tanks were destroyed and a large fire broke out during the attack on the station on October 7. Ukraine stated that such attacks are aimed at weakening Russias military and economic potential.

Price chart classification

Eden

Oct 25, 2021 13:27

Price chart classification

According to different time period, price chart can be divided into line chart, minute chart, hour chart, daily chart, weekly chart and monthly chart, etc. The chart of different time period has its unique characteristics.

1. Line chart

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Line chart records the price from time to time, accurately reflects the direction of price fluctuations, and provides support for our short-term trading and real-time order placement.


2. Minute chart

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The minute chart refers to the price trend chart formed continuously by the K line of 1 minute/5 minutes/15 minutes or 30 minutes. If you decide to trade intraday, you can use the minute chart.  Because of obvious fluctuations of minute chart, there are many opportunities to enter the market. Investors can grasp the timing of intraday trading.


3. Hour chart

1599114307847516.png

The hour chart refers to calculation period as the commonly 1 hour or 4 hours, and each K-line represents 1 hour or 4 hour of price. It is easy to judge the short-term direction in hour chart and there are more opportunities to enter the market. It is the favorite chart of trend trading investors.


4. Daily chart

1599114380602811.jpg

Daily chart is a K-line drawn by selecting a time period of one day, and a continuously formed price trend chart. Each K-line represents a day's price trend. The daily chart is the most used K-line chart, which has the greatest effect on judging the trend direction of the market.


5. Weekly chart

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The weekly chart is a live chart formed by selecting 5 trading days from Monday to Friday to be drawn as a weekly chart. Each K-line represents the price trend of 5 trading days. The weekly chart is conducive to studying the mid-term trend.