Range trading: Forex as for 24/04/2020

Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability.

EURUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.0692
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.0657
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.0622

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.0855
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.0890
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.0925

GBPUSD


Long position 1 [/b
(The price today will not fall below this mark with a probability of 68%) 1.2217
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.2164
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.2110

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2481
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.2534
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.2588

USDJPY