What does it mean when i'm told "Forex Markets Are In Range"
Jun 24, 2011 at 12:16
1,637 Views
4 Replies
Biedrs kopš
22 ieraksti
Jun 24, 2011 at 12:16
Hi ,
can someone explain to me clearly what it means when i'm told that the 'markets are in range' ?
thanks
can someone explain to me clearly what it means when i'm told that the 'markets are in range' ?
thanks
Biedrs kopš
1 ieraksti
Jun 24, 2011 at 15:39
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.
Biedrs kopš
1 ieraksti
Jun 24, 2011 at 15:39
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.
Pielikumi
Biedrs kopš
3 ieraksti
Nov 18, 2011 at 09:19
ALL WRONG..VERY WRONG..CMON GUYS
Biedrs kopš
186 ieraksti
Nov 22, 2011 at 00:21
Ranging markets... lol my favorite :D
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