empty
 
 
11.11.2019 04:08 AM
Control zones USDCAD 11/11/19

The upward movement is a medium-term impulse, so part of the long position can be held. There are no serious resistance levels on the way of growth, so the formation of a reversal model will require the formation of an accumulation zone of a weekly level or higher. Purchases at any decline look beneficial from the lower control zones.

This image is no longer relevant

It is important to understand that the most favorable purchase prices are within the WCZ 1/2 1.3149-1.3140. The test of this zone will be decisive for the entire upward movement.

An alternative model will be developed if the pair does not form a correctional decline, but immediately breaks the weekly control zone 1.3231-1.3213 and consolidates above it. Purchases from current marks are not profitable, so the only plan will be to retain previously opened purchases.

This image is no longer relevant

Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback