What does it mean when i'm told "Forex Markets Are In Range"

jezrp

Miembro desde May 13, 2011 posts 22

Jun 24, 2011 at 12:16

Miembro desde May 13, 2011 posts 22

Hi ,

can someone explain to me clearly what it means when i'm told that the 'markets are in range' ?

thanks

Randa1001

Miembro desde Jun 24, 2011 posts 1

Jun 24, 2011 at 15:39

Miembro desde Jun 24, 2011 posts 1

This means that the price move in very tight level. As a technical definition it is called consolidation area which you can notice that both demand and supply are equal.

thetimingguy

Miembro desde Jun 14, 2011 posts 1

Jun 24, 2011 at 15:39

Miembro desde Jun 14, 2011 posts 1

I believe it is when the market is moving sideways, like in a channell. Eg, they are rising and falling between a level of resistance and a level of of support and don't often go outside that. Often refered to a 'range bound' as oposed to a trending market that has higher highs or lower lows.

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mylivefxtrades

Miembro desde Oct 05, 2011 posts 3

Nov 18, 2011 at 09:19

Miembro desde Oct 05, 2011 posts 3

ALL WRONG..VERY WRONG..CMON GUYS

tigpips

Miembro desde Jun 09, 2011 posts 186

Nov 22, 2011 at 00:21

Miembro desde Jun 09, 2011 posts 186

Ranging markets... lol my favorite :D

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