empty
 
 
06.07.2020 05:41 AM
Control zones for USDJPY on 07/06/20

Today's trading plan is based on the test of WCZ 1/2 107.90-107.74. If the test leads to forming an absorption pattern in the line of strengthening the yen, then sales will again come to the fore. The target for the decline is last week's low. It is important to understand that the priority has already changed to the ascending one from last week.

This image is no longer relevant

If purchases for the instrument are already open, then you need to keep them. You will be able to convert to breakeven after updating the monthly high.

An alternative model for a decline will develop if today's trading closes below the WCZ 1/4 107.33-107.25. This will allow you to consider working within the accumulation zone. The target for the fall will be the WCZ 1/2 106.51-106.35.

This image is no longer relevant

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

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which changes 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 $8000 more!
    In March we raffle $8000 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