If you are trading any kind of intraday forex system, then it's always a good idea to be fully aware of the average daily range of the pair s you are trading.

This is because you always want to know how much further a pair could realistically move given it's daily average in order to determine where you should set your stop loss and target price. For instance if a pair has an average daily range of points and during a given day it has been trading in a range of points or more and is trading at the top of this range with just an hour or so leftthen you obviously would not want to be opening a long position because the odds are very much against you.

However if, for example, the range is currently 60 points and there is several hours left of the trading session, then a long position at the top of the range or vice versa may well be worth considering given the right circumstances because there is still room for a decent price move to take place.

Anyway I have listed below the average daily trading ranges for all of the major currency pairs for I haven't been able to find any figures card packing jobs from home leeds yet. I hope you find the information useful.

Forex Average Daily Ranges - ykewobuzyjeca.web.fc2.com

Filed under Blog by James Woolley. It can be customzed to what you want. It is the average daily range counted in pips and can be adjusted for wahtever time amount you want.

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How to Trade Forex "Blind" Using Average Daily Range

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March 16, The Average Daily Range Of The Major Forex Currency Pairs.

Daily Forex Technical Analysis | ForexTips

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