Range trading: Forex as for 08/02/2022

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%) 1.1376
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1341
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1306

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1492
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1526
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1561

GBPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.3462
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.3439
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.3416

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3590
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3612
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3635

USDJPY

Long position 1
(The price today will not fall below this mark with a probability of 68%) 114.86
Long position 2
(The price today will not fall below this mark with a probability 95%) 114.69
Long position 3
(The price today will not fall below this mark with a probability 99%) 114.52

Short position 1
(The price today will not rise above this mark with a probability of 68%) 115.67
Short position 2
(The price today will not rise above this mark with a probability of 95%) 115.84
Short position 3
(The price today will not rise above this mark with a probability of 99%) 116.01



Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading