Market

Range trading: Forex as of 12/10/2021 for FX:USDJPY 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%) 1.1517
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.1498
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.1479

Short position 1

(the price today will not rise above this mark with a probability of 68%) 1.1592
Short position 2

(the price today will not rise above this mark with a probability of 95%) 1.1612
Short position 3

(the price today will not rise above this mark with a probability of 99%) 1.1631

GBPUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.3518
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3480
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.3442

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%) 1.3705
Short position 3

(the price today will not rise above this mark with a probability of 99%) 1.3743

USDJPY

Long position 1
(the price today will not fall below this mark with a probability of 68%) 112.85
Long position 2
(the price today will not fall below this mark with a probability of 95%) 112.65
Long position 3
(the price today will not fall below this mark with a probability of 99%) 112.44

Short position 1

(the price today will not rise above this mark with a probability of 68%) 113.83
Short position 2

(the price today will not rise above this mark with a probability of 95%) 114.04
Short position 3

(the price today will not rise above this mark with a probability of 99%) 114.25

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 :
Business News Governmental News Finance News

Source link

Back to top button