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Wednesday, December 08, 2021

Range trading: Forex as of 08/12/2021

Range trading: Forex as of 08/12/2021

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%) 1.1229
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.1197
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.1166


Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.1329
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.1360
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.1392


GBPUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.3180
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3150
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.3121

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.3313
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.3343
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.3372

USDJPY

Long position 1
(the price today will not fall below this mark with a probability of 68%) 112.85
Long position 2
(the price today will not fall below this mark with a probability of 95%) 112. 40
Long position 3
(the price today will not fall below this mark with a probability of 99%) 111.95

Short position 1
(the price today will not rise above this mark with a probability of 68%) 114.11
Short position 2
(the price today will not rise above this mark with a probability of 95%) 114.56
Short position 3
(the price today will not rise above this mark with a probability of 99%) 115. 01


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.



from TradingView Ideas https://ift.tt/3rJUGFB
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CADJPY: BREAKOUT OF BROADENING WEDGE, SIGN OF BULLISH BIAS?

CADJPY: BREAKOUT OF BROADENING WEDGE, SIGN OF BULLISH BIAS?

Hello Enthusiast Forex Traders! Here's short-term outlook for CADJPY , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)

CADJPY is breakng out of the descending broadening wedge pattern. Breaking out of the pattern may indicates a potential bullish bias ahead. The momentum indicator starts crossing up toward the zero level area, it could indicate a stronger momentum going upward in the near future.

The roadmap will be invalid after exceeding the support/target area.

DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.



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EUR/USD Forex Signal: Rebound Likely Despite Recent Sell-Off - DailyForex.com

EUR/USD Forex Signal: Rebound Likely Despite Recent Sell-Off  DailyForex.com

source https://www.dailyforex.com/forex-technical-analysis/2021/12/eurusd-forex-signal-rebound-likely-despite-recent-selloff-december-8-2021/171775

US dollar closes lower on Taipei forex market - Focus Taiwan News Channel

US dollar closes lower on Taipei forex market  Focus Taiwan News Channel

source https://focustaiwan.tw/business/202112080014