A bar chart is a little more complex. The chart is made up of a series of bars. A bar is a segment of time, whether it is one day, one week, or one hour. For instance if we are on 1 hour time chart, this means that one bar will show the movement of price for one hour.
Here is an example of a bar chart for EUR/USD:
A bar show opening price, closing price, as well as the high and low for the period of the bar. The top of the bar is the highest point the price reached and the bottom shows the lowest price that bar fell. The dash on the left shows the price the bar opened and the dash on the right shows the price the bar closed.
Bar charts are also known as “OHLC” charts. “OHLC” stands for – Open, the High, the Low, and the Close for that particular currency. Here’s an example of a price bar: