Market

Range trading: Forex as of 16/09/2021 for FX:EURUSD by Trade24Fx

Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability).
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable.

EURUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.1779
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.1766
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.1754

Short position 1

(the price today will not rise above this mark with a probability of 68%) 1.1851
Short position 2

(the price today will not rise above this mark with a probability of 95%) 1.1863
Short position 3

(the price today will not rise above this mark with a probability of 99%) 1.1876

GBPUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.3781
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3756
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.3732

Short position 1

(the price today will not rise above this mark with a probability of 68%) 1.3896
Short position 2

(the price today will not rise above this mark with a probability of 95%) 1.3921
Short position 3

(the price today will not rise above this mark with a probability of 99%) 1.3946

USDJPY

Long position 1
(the price today will not fall below this mark with a probability of 68%) 109.00
Long position 2
(the price today will not fall below this mark with a probability of 95%) 108.86
Long position 3
(the price today will not fall below this mark with a probability of 99%) 108.72

Short position 1

(the price today will not rise above this mark with a probability of 68%) 109.69
Short position 2

(the price today will not rise above this mark with a probability of 95%) 109.83
Short position 3

(the price today will not rise above this mark with a probability of 99%) 109.97

Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren’t a 100% guarantee of risk-free trading.

Most Related Links :
todayuknews Governmental News Finance News

Source link

Back to top button
Native News Post