Range trading: Forex as of 07/10/2021

7 Eki 2021

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%) 1.1513
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.1493
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.1474


Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.1600
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.1618
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.1638


GBPUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.3507
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3467
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.3428

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.3667
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.3706
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.3745

USDJPY



Long position 1
(the price today will not fall below this mark with a probability of 68%) 110.94
Long position 2
(the price today will not fall below this mark with a probability of 95%) 110.78
Long position 3
(the price today will not fall below this mark with a probability of 99%) 110.62

Short position 1
(the price today will not rise above this mark with a probability of 68%) 111.88
Short position 2
(the price today will not rise above this mark with a probability of 95%) 112.04
Short position 3
(the price today will not rise above this mark with a probability of 99%) 112.20


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.