Reza Anvari / Blog
Price changes and trend lines show us that there isn't any permanent pattern for a day or any periods of time. But chart of High and Low differences has a daily oscillation. I drew chart of High minus Low for different currency pairs...
It seems High and Low are as independent as Open and Close of price candles. However, the graph of [ High minus Low ] shows a sinusoid pattern with constant period of 24 hours. The above picture shows EURCAD price chart and HIGH-LOW chart below it. As we can see, a main sine wave exists...