Direct answer
A forex “daily candle” closes at the moment your chart starts the next calendar day. In practice, that close time is determined by the chart’s configured daily time zone (and sometimes broker/platform conventions), so it is not a single universal hour that applies to every viewer.
How it works
A candlestick represents price movement over a fixed time period. For a daily candle, that time period is one “day” as defined by the charting setup. When the day boundary is reached, the current daily candle stops updating (closes) and a new daily candle begins.
Two details control what you experience:
- Time zone / day boundary: Many platforms let you choose or implicitly use a specific time zone for candles. If one chart uses UTC and another uses a local time zone, both can show different daily candle close times.
- Chart timestamp conventions: Candles are drawn based on timestamps computed by the platform. The “close” moment is therefore when the platform switches to the next daily candle on your screen.
Because forex trades nearly 24 hours on trading days, there is no single global “market closing bell” that forces candles to end at the same moment everywhere. Instead, the daily candle close is a charting definition.
Example checks
You can verify your chart’s daily candle close time without guessing:
- Watch for the new daily candle: On your chart, note the exact time when a new daily candle appears and the previous one stops changing.
- Check the candle time zone setting: Look for a chart setting related to server time, platform time, or chart time zone. Changing it can shift when daily candles close.
- Compare across platforms only if settings match: If two platforms show different daily close times, check whether both charts use the same daily time zone.
If you are using a broker’s chart, “daily close” often reflects that broker/platform’s chosen day boundary rather than a strict international reference time.
Relevant limitations
- No universal hour: There is no single globally fixed time when every forex daily candle closes; it depends on the chart’s time-zone/day-boundary definition.
- Continuous trading can be confusing: Since prices can move during what people call “night,” the daily candle close does not mean trading stops.
- Your future candle close is predictable, but your past close is what you can check: A candle’s close moment is defined by the chart schedule; however, without knowing your chart’s time-zone settings, you cannot confirm the exact hour for your screen.
If you tell me what chart/platform you use and whether you see a chart time-zone (for example, server time vs UTC), I can help you interpret what “daily candle close” means in that specific setup.