What are the type of charts that should be present in the dashboards?

<p id="isPasted">The charts included in a dashboard should be selected based on the specific needs and objectives of the user or organization. However, there are several commonly used types of charts that often find a place in dashboards.&nbsp;</p><p>Line charts are effective for displaying trends over time, allowing users to observe patterns and changes in data. Bar charts are useful for comparing data across different categories or groups, as they present data using rectangular bars of varying lengths.&nbsp;</p><p>Pie charts are commonly used to show the composition or proportion of different categories within a whole.&nbsp;</p><p>Area charts are similar to line charts but depict the data as an area between the line and the x-axis, providing a visual representation of cumulative values.&nbsp;</p><p>Scatter plots are helpful for analyzing relationships between two variables, and displaying data points on a graph.</p>

<p id="isPasted">A Forex market chart pattern is a graphical representation of the currency pair prices. It depicts the historical and current prices of the currency pair to help traders predict future currency pair prices. It is through these charts that traders can determine profitable entry and exit points along with analyzing how long a trend has been existing and how soon a trend can come to an end.&nbsp;</p><p><strong>Top Forex chart patterns you should know&nbsp;</strong></p><p><strong>1. Candlestick chart pattern</strong></p><p>The&nbsp;candlestick chart patterns&nbsp;in Forex can predict the currency pair’s market movement. It consists of the opening price, closing price, high price, and low price of the currency pair that helps traders identify if the market is moving in an upward direction or downward direction.</p><p><strong>2. Double top double bottom chart pattern</strong></p><p>The double bottom double top chart pattern indicates trend reversals. They consist of either two high prices (double top) or two low prices (double bottom) of the currency pair. It is unlikely for a currency pair to move beyond the high price point and below the low price point after it does so twice on different occasions.&nbsp;</p><p><strong>3. Head and shoulders chart pattern</strong></p><p>The head and shoulders chart patterns are used to predict a downward market situation. It helps traders analyze how much the price of the currency pair is going to fall and in what intervals. This, in turn, leads to the traders making an exit choice to minimize potential losses. There generally exist two price highs before and after a significant price high, indicating falling prices thereafter.&nbsp;</p><p><strong>4. Inverse head and shoulder chart pattern</strong></p><p>The inverse head and shoulder chart patterns are used to predict an upward movement. This chart pattern helps traders predict how much the price of a currency pair is going to rise in the future and in what intervals. This leads the traders to make entry decisions in the market to maximize their profits. There are generally two price lows before and after a significant price low in the chart pattern, after which there is a surety of a market rise.</p><p><strong>5. Rising and falling wedges chart pattern</strong></p><p>The rising and falling wedges chart pattern indicates market breakouts. They consist of a price range that becomes too narrow and results in a final breakout that marks a trend reversal.</p>