Question The candlestick chart below relates to the question 8(a) and 8(b) below. The chart is a weekly chart of a major currency pair. At the top of the chart are the letters AD for reference. (a) What does each candle represent, and what information does it give? (3 marks) (b) What does the solid line running from A to B denote? How would a trader use it? (2 marks)

2016 Jun Aug Oct Nov 2017 Mar May Jul Aug Oct Nov 2018 Mar May Jul Aug Oct 1.275000 D 1.250000 1.225000 1.200000 1.175000 1.150000 1.125000 1.100000 1.075000 1.050000 1.025000