empty
 
 
16.09.2019 08:46 AM
Control zones for USD / CHF pair on 09.16.19

Friday testing of 1/4 WCZ took place at 0.9882-0.9876, which led to an increase in demand. If today the pair holds above this zone, then purchases will remain relevant. The first goal of the upward movement is the maximum of last week. This test will allow you to close part of the position and the remainder of the volume can be transferred to breakeven.

This image is no longer relevant

It is important to note the formation of a price gap relative to last week's close. The probability of its absorption is above 70%, which makes it possible to hold purchases right now.

An alternative model will be developed if the pair can gain a foothold below the 1/4 WCZ. This will allow you to monitor the continuation of the downward movement and consider purchases at more favorable prices. The main support will be 1/2 WCZ of 0.9822-0.9810 and the test of which will be decisive for the entire upward cycle.

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 area formed by marks from the important futures market, which changes several times a year.

Monthly CZ - monthly control zone. The area 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