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

jezrp

Tham gia từ May 13, 2011 20bài viết

Jun 24, 2011 at 12:16

Tham gia từ May 13, 2011 20bài viết

Hi ,

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

thanks

Randa1001

Tham gia từ Jun 24, 2011 1bài viết

Jun 24, 2011 at 15:39

Tham gia từ Jun 24, 2011 1bài viết

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

Tham gia từ Jun 14, 2011 1bài viết

Jun 24, 2011 at 15:39

Tham gia từ Jun 14, 2011 1bài viết

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.