In the strictest sense, these gaps are not gaps per se. We know that forex is all about the different participants of the market’s expectation of exchange of one currency for another. ( Read the “ ” article for more information on what forex actually is. ) “Gaps” are simply a change of expectation beyond a single pip. In your charts, it shows up as a “disconnected” progression of candles.
Therefore forex gaps can possibly happen at anytime of the day as long as there is a disconnect of the price of the currency pair.
For example during an adverse development of a financial / economic issue. These gaps are usually smaller in sizes.
However there are other instances although less common where forex gaps happen too.
As i mentioned earlier, a forex gap most commonly refers to a weekend gap.
A forex gap most commonly refers to a difference of the price of a currency pair on the start of the new trading week compared to price at the previous week’s closing.
Welcome to another koala forex education series. Learning forex made easy!
Forex Gaps. What? Why? How? | TheGeekKnows | EUR/USD Forecast Reviews
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