How To Estimate The Forex Daily High And Daily Low

How to estimate the forex daily high and daily low

MASTER The High And Low For DAY TRADING The Forex Markets

Submit by Bob 18/09/2014

Mathematical Fx Forecast formula based of the prices of the candles: previous high,

previous low and open new candle.

Financial Market: Forex, Indicies, Commodities.

Time Frame: 5 min, 15 min, 30 min, 60 min, 240, daily, weekly and montly.

Formula

Forexcast High:

[(Previous day high/ previous day low * 100) -100] /100*price opening next candle)] + price opening next candle

Forexcast Low:

[(Previous day low/ previous day high * 100) -100] /100*price opening next candle)] + price opening next candle



There are three scenarios:-

1) Price of the market High or Low will be broken.

2) The price of the market will move around within High and Low;

3) The price of the market will break any one of the levels i.e either High or Low and move forward in its respective direction.

How to use

Example 17/09/2014

GBP/USD daily Time Frame

High= 1,6357

Low= 1,6247

next open= 1,6274

Forecast high= 1,6384

Forecast low = 1,6165

These forecast are two levels of the price extreme

In attach FX Mathematical forecast XLS file (Excel)

fxforecast.zip

Compressed Archive in ZIP Format5.2 KB

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