GBP/NZD: Daily High/Low Range Figures
Explore GBP/NZD's daily high/low range behavior from January 4th, 2001, to January 1st, 2023. Uncover the frequency and probability of daily Highs and Lows forming at specific distances from the Open price, providing invaluable insights for informed trading decisions. These insights can help you set tighter, data-backed stops and assess the remaining potential of each days price movement based on historical patterns.
Dataset Overview
- Average Trading Volume: 77660
- Start Of Data Range: 04 January 2000
- End Of Data Range: 01 January, 2023
- Highest Closing Price: 12 October 2000 (3.7124)
- Lowest Closing Price: 08 November 2016 (1.67495)
- Day With Largest Gain: 24 October 2008 (4.61%)
- Day With Largest Loss: 24 June 2016 (-7.19%)
- Week With Largest Gain: 13 October 2008 (5.84%)
- Week With Largest Loss: 13 October 2008 (5.84%)
- Day With Highest Volume: 18 October 2012 (1438230)
- Day With Lowest Volume: 01 January 2018 (6362)
Volatility Statistics
- Mean: 0.002%
- Median: 0.000%
- Mode: 0.000%
- Standard Error: 0.007%
- Standard Deviation: 0.53%
- Sample Variance: 0.003%
- Kurtosis: 3.16
- Skewness: 0.17
- Range: 7.29%
- Minimum Price Change: -3.93%
- Maximum Price Change: 3.36%
General Probabilities
- Daily Close Bullish Probability: 48.2% (2971/6159 Days)
- Daily Close Bearish Probability: 51.7% (3103/6159 Days)
- Daily Lower Low Probability: 29.42% (857/2971 Days)
- Daily Higher Low Probability: 70.41% (2152/2971 Days)
- Daily Lower High Probability: 31.67% (906/2971 Days)
- Daily Higher High Probability: 68.26% (2105/2971 Days)
- Daily Lower Low Probability: 69.26% (2227/3183 Days)
- Daily Higher Low Probability: 30.36% (953/3183 Days)
- Daily Lower High Probability: 72.38% (2276/3183 Days)
- Daily Higher High Probability: 27.43% (901/3183 Days)
Numbers Breakdown
- Total Bullish Days In Dataset: 2971/6159
- Total Bearish Days In Dataset: 3183/6159
- Number Of Bullish Weeks: 594 (607/1233)
- Number Of Bearish Weeks: 639 (626/1233)
- Number Of Bullish Months: 138 (134/284)
- Number Of Bearish Months: 146 (149/284)
- Total Number Of Days: 6159
- Total Number Of Weeks: 1233
- Total Number Of Months: 284
- Total Number Of Years: 23
Bullish Day Open-Low/High Range
The tables below outline the probability of bullish days forming a High or Low within a specific pip distance from the Open. Use the Open - Low Range to set effective stops and the Open - High Range to gauge the remaining potential of daily price moves. Check the "% Rolling" column to see the probability of price forming a Low or High under a given range from the Open.
How Can I Use The Data?
Set your stop loss 90 pips below the Open price on bullish days.
Given that 73.88% of bullish days form a low within 90 pips of the Open, this offers high chance (73.88%) your stop loss won't be hit, minimizing stop outs unnecessary exits. If you're comfortable with a slightly higher risk, consider setting your stop loss 80 pips below the Open. This provides a balance between protecting your capital and allowing the trade room to breathe.
How Can I Use The Data?
The higher price rises, the less chance of further up-movement.
45.81% of bullish days form a high within 150 pips of the Open. This means buying after a 150 pip rise gives you only a 54.19% chance of profiting from any further up-movement during the day. If you're already holding a position open or trade intra-day, consider taking partial or full profits once price moves 150 pips or more from the open. Price is far more likely to retrace than continue rising.
How Can I Use The Data?
Most large bullish price moves tail off and close beneath the daily high.
70.08% of bullish days close within 150 pips of the Open, but only 45.81% of days form a high within 150 pips of the open. So, price rises much further than it closes during bullish days. This data further highlights why taking profits at the peak of large bullish days is so important. It also means fading large rises can provide profitable bullish scalps.
Key Trading Insights (Bullish Days)
The table above shows 54.19% of all bullish days form a high within 150 pips of the opening price. When price approaches or surpasses the 150 pip mark above the open on a bullish day, it suggests half of the day's upward potential may have been realized.
Key Trading Takeaways:
1) Use the 150 pip level as a potential profit-taking trigger on bullish days.
2) Be cautious about chasing further gains if a high forms 150 pips from the open.
3) Consider adjusting profit targets or tightening stop-loss orders if price forms a high 150 pips away.
4) Use the distances to help time reversals at key technical points (SD Zones/Psychological Levels).
Bearish Day Open-High/Low Range
The tables below outline the probability of bearish days forming a High or Low within a specific pip distance from the Open. Use the Open - High Range to set effective stops and the Open - Low Range to gauge the remaining potential of daily price moves. Check the "% Rolling" column to see the probability of price forming a Low or High under a given range from the Open.
How Can I Use The Data?
Set your stop loss 90 pips above the Open price on bearish days.
Given that 74.24% of bearish days form a high within 90 pips of the Open, this offers high chance (74.24%) your stop loss won't be hit, minimizing stop outs unnecessary exits. If you're comfortable with a slightly higher risk, consider setting your stop loss 90 pips above the Open. This provides a balance between protecting your capital and allowing the trade room to breathe.
How Can I Use The Data?
The lower price falls, the less chance of further down-movement.
47.41% of bearish days form a low within 150 pips of the Open. This means selling after a 150 pip decline gives you a 52.59% chance of profiting from any further down-movement during the day. If you're holding a position open or trade intra-day, consider taking partial or full profits once price moves 150 pips or more from the open. Price has an almost even chance of continuing.
How Can I Use The Data?
Most large bearish price moves tail off and close above the daily low.
70.91% of bearish days close within 150 pips of the Open, but only 47.41% of days form a low within 150 pips of the open. So, price falls much further than it actually closes during bearish days. This data further highlights why taking profits at the peak of large bearish days is so important. It also means fading large declines can provide profitable bearish scalps.
Key Trading Insights (Bearish Days)
The table above shows 47.41% of all bearish days form a Low within 150 pips of the opening price. When price approaches the 150 pip mark below the open on a bearish day, it suggests a half of the day's downward potential may have been realized.
Key Trading Takeaways:
1) Profit Taking: Consider taking profits on bearish days when price reaches 150 pips below the open.
2) Be wary of chasing further downside once price hits 150 pips below the open.
3) If a low forms 150 pips away from the open, consider tightening your stop-loss or adjusting profit targets.
4) Use these distances to anticipate reversals at key technical levels like S&D zones or psychological numbers.
FAQ: Your Top Questions Answered!
Find answers to your top questions about our GBP/NZD dataset below. Need more in-depth help about the charts and datasets presented? Contact us directly – we're always happy to support your trading journey!