Range trading: Forex as for 27/08/2019

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%) 1.1053
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.1029
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.1004

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1152
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1177
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1201

GBPUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.2139
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.2109
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.2079

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2294
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.2324
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.2354

USDJPY