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

jezrp

Medlem sedan May 13, 2011 22 inlägg

Jun 24, 2011 at 12:16

Medlem sedan May 13, 2011 22 inlägg

Hi ,

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

thanks

Randa1001

Medlem sedan Jun 24, 2011 1 inlägg

Jun 24, 2011 at 15:39

Medlem sedan Jun 24, 2011 1 inlägg

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

Medlem sedan Jun 14, 2011 1 inlägg

Jun 24, 2011 at 15:39

Medlem sedan Jun 14, 2011 1 inlägg

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.

Bilagor:

mylivefxtrades

Medlem sedan Oct 05, 2011 3 inlägg

Nov 18, 2011 at 09:19

Medlem sedan Oct 05, 2011 3 inlägg

ALL WRONG..VERY WRONG..CMON GUYS

tigpips

Medlem sedan Jun 09, 2011 186 inlägg

Nov 22, 2011 at 00:21

Medlem sedan Jun 09, 2011 186 inlägg

Ranging markets... lol my favorite :D

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AUDUSD	0.64528	USDCHF	0.9127
EURJPY	164.634	EURCHF	0.97126
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EURUSD	1.06398	GBPUSD	1.23347
USDJPY	154.733	USDCAD	1.37049