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

jezrp

Biedrs kopš 20 ieraksti

Jun 24, 2011 at 12:16

Biedrs kopš 20 ieraksti

Hi ,

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

thanks

Randa1001

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Jun 24, 2011 at 15:39

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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

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Jun 24, 2011 at 15:39

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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.