| Average |
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| Area of high probability |
Description
Daily movement ranges can be a powerful asset to both the intraday trader and investor. Understanding the daily habits of any currency pair by day of the week should include average as well as high and low range pip movement of the pair. The daily movement is a measurement of the high to low range as calculated on a 24-hour basis with the average movement for that day marked within the range.
For any market participant, an understanding of the specific ranges by day of the week can be applied to entries and so effect likely follow-through.
PowerStat's Price Movement by Day of the Week offers insight into what a market is capable of and gives helpful detail to fine tuning entries. It can also offer part time traders insight into which days may be best for trading.