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%) 1.2133 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.2110 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.2087
Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.2239 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.2262 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.2285
GBPUSD
Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.4043 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.4010 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.3977
Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.4174 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.4207 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.4240
USDJPY
Long position 1 (the price today will not fall below this mark with a probability of 68%) 108.71 Long position 2 (the price today will not fall below this mark with a probability of 95%) 108.48 Long position 3 (the price today will not fall below this mark with a probability of 99%) 108.25
Short position 1 (the price today will not rise above this mark with a probability of 68%) 109.54 Short position 2 (the price today will not rise above this mark with a probability of 95%) 109.77 Short position 3 (the price today will not rise above this mark with a probability of 99%) 109.99
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.
Lots of things do not make sense with the GBP. Economy is crap, overvalued but yet people are eager to buy it ??? GBP do not produce a thing, only a safe haven for international despots and money laundering island off the coast of EU. Nothing else ;-) I do not get it. It rises when Johnson farts ;-)
Trade24Fx
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@memyself, true. short it and you will be happy :)