Range trading: Forex as of 19/08/2021

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%) 1.1664
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.1646
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.1628


Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.1718
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.1736
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.1754


GBPUSD


Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.3681
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3859
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.3637

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.3789
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.3810
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.3832

USDJPY


Long position 1
(the price today will not fall below this mark with a probability of 68%) 109.68
Long position 2
(the price today will not fall below this mark with a probability of 95%) 109.50
Long position 3
(the price today will not fall below this mark with a probability of 99%) 109.32

Short position 1
(the price today will not rise above this mark with a probability of 68%) 110.30
Short position 2
(the price today will not rise above this mark with a probability of 95%) 110.48
Short position 3
(the price today will not rise above this mark with a probability of 99%) 110.66


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.