empty
 
 
11.11.2019 07:42 AM
Control zones USDCHF 11/11/19

Last week's close was above the WCZ 1/2 0.9970-0.9958. This indicates an increase in the probability of further growth to 75%. The next target of the upward movement will be the weekly control zone of 1.0107-1.0083, which still coincides with the range of the average weekly move.

This image is no longer relevant

It is important to understand that purchases from current marks are not profitable. Corrective movement may be required to continue growth.

Today, the nearest support is the WCZ 1/4 0.9917-0.9911. The test of this zone will allow entering the purchase after the formation of the absorption pattern. The downward movement is corrective, so it is not recommended to consider sales.

This image is no longer relevant

Daily CZ – daily control zone. An area formed by important data from the futures market that changes several times a year.

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

Monthly CZ – monthly control zone. An area that reflects 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