How to Read MT5 Charts on Exness — Beginner Guide

In MT5, go to File → New Chart, or right-click in the Market Watch panel on any symbol → Chart Window. Select your currency pair (e.g., EUR/USD). A new chart opens in the default timeframe (usually M1 or M5).

Click the candlestick icon in the toolbar (looks like a box with wicks) or press Alt+2. Candlestick charts show open, high, low, and close for each period. Green/white candles = price closed higher (bullish). Red/black candles = price closed lower (bearish).

Click on the timeframe buttons in the toolbar: M1 (1 minute), M5, M15, M30, H1 (1 hour), H4, D1 (daily), W1 (weekly), MN (monthly). For beginners: start with H1 or H4 charts — they show meaningful price movements without too much noise. Day traders use M15–H1. Swing traders use H4–D1.

Each candlestick has: Open (where price started the period), Close (where it ended), High (highest price reached), Low (lowest price). The body = distance between open and close. The wicks (shadows) = high/low extremes beyond open/close. A big green body = strong bullish move. A small body with long wicks = indecision.

Click Insert → Indicators → Trend → Moving Average. Set Period = 20, Method = Exponential (EMA), Apply to = Close. Click OK. A line appears on the chart. Price above EMA 20 = bullish bias. Price below = bearish bias. This is the most widely used trend indicator.

Click the horizontal line tool (or press H). Click on a price level where price has bounced multiple times. These are support (price bounces up) or resistance (price bounces down) levels. Draw lines at obvious pivot points on the chart. Price tends to react at these levels.