Definition - What does Range mean?

Range is the difference between a currency pair’s high and low over a specific time period. A range may be given in minutes, days, weeks, months or whatever time period a trader is interested in measuring. Traders use range to identify breakout levels.

ForexDictionary explains Range

The range of a currency pair’s price action is, of course, time sensitive. Measuring range on a shorter time scale usually provides more breakout opportunities and momentum plays. Measuring range on a longer period will generally yield less breakouts, but those breakouts may be considered more significant and possibly more sustained when they do occur.

Posted by:

Connect with us

ForexDictionary on Linkedin
ForexDictionary on Linkedin
Tweat cdn.forexdictionary.com
ForexDictionary on Twitter

Sign up for ForexDictionary's Free Newsletter!