Bearish Day · Open – Low Range Statistics

NZD/USD Bearish
Range Distribution

Comprehensive analysis of how far NZD/USD trades below the daily open on bearish sessions. Based on 2,730 bearish days spanning 24 years.

Updated 02/11/2025 n = 2,730 24yr dataset
Sample
2,730
Bearish days analysed
Peak Zone
13.33%
400–500 pip range · most frequent
Avg Low Range
593.7
Average open → low pips
Median Cluster
51.1%
Lows beyond 500 pips (rolling >500)
Raw Data

Open–Low Range (Bearish Days)

Range (Pips)Days% of TotalDistributionRolling %

Rolling % = cumulative probability of reaching that pip bucket on a bearish day.

Probability Curve

Open–Low Cumulative Distribution

90.2% of bearish days: low within 1100 pips
69.1% of lows form within 700 pips
Frequency Chart

Range Distribution Histogram

2,730 bearish sessions

400–500 pip range dominates at 13.33% — key downside target zone for short entries.

Observations

Key Trading Insights (Bearish Edge)

Peak Target Zone

400–500 pips = 13.33%

Largest single probability for the low. 200–500 pip cluster covers 39.19% of all bearish days.

Median Threshold

500–600 pips (median)

Median bearish move reliably within 500-600 pips. 500-pip target is highly attainable and statistically sound.

Low-Range Avoidance

<200 pips = 9.75%

Low forms within 200 pips on less than 10% of days — confirms strong directional bias on bearish sessions.

90% Threshold

1100 pips covers 90.2%

Targets beyond 1100 pips statistically rare (9.8%) — ideal for high-probability exits.

Strategy Framework

Take-Profit Application (Open – Low)

Realistic downside targets for short positions based on 24 years of NZD/USD bearish data.

Primary TP

400–500 pips

Peak distribution zone (13.33%) — highest-probability initial target for shorts.

High-Confidence Target

500–600 pips (median)

Median cluster — ~60% of bearish lows complete here. Robust scaling-out level.

Trailing Runner

Capture >1100 pips moves

Aggressive trailing stop for the remaining 9.8% of extreme sell-offs.

Disclaimer: Past performance does not guarantee future results. Combine with technical/fundamental analysis. NZD/USD correlation: dairy & RBNZ policy
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