The opening price is also known as the opening price, which refers to the first transaction price after the opening of each trading day.
Most financial exchanges around the world use the maximum turnover principle to determine the opening price.
The closing price is the price of the last transaction in a currency before the end of the day.
If there is no transaction on that day, the latest transaction price is used as the closing price, because the closing price is the standard of the market on that day, and the basis of the opening price of the next trading day, which can be used to predict the future market situation;
So when investor is right market analysis, use closing price as calculation basis commonly.
How to SEE OPEN price in month line, WEEKLY line, day chart, open price is the continuation of the trend THAT RUNS TO THE unit market for a time.
Open PRICE HIGH OPEN, LOW OPEN, flat open and the market’s running trend is UNITED together, in rising trend, open price high open is to form the prerequisite of up jump vacancy mouth, often the week line appears up jump vacancy mouth is the beginning of bull market characteristics.
There are often three openings: breakthrough gap, relay gap, drain gap, these gaps are to judge the future direction of the market to provide a basis.
Similarly, in the downward trend, the opening price is a prerequisite for the formation of a downward jump vacancy, often the weekly line appears downward jump vacancy is the beginning of the characteristics of a bear market, and this gap appears in the high should be more vigilant.
How to see the closing price the closing price is the result of the long and short two sides in the time unit struggle, the closing price of the high and low and run the trend together to see the disk, will make the disk more clear.
In the rising trend, the closing price is above the 5, 10, 20, 30 average moving average system, indicating that the market is in the rising trend, the market is in a strong operation, in the early stage of the formation of this running trend to boldly intervene in the market, holding will increase the hope of appreciation.
On the contrary, the closing price is under the 5, 10, 20, 30 moving average system, indicating that the market is in a downward trend and the market is operating in a weak position.
