09.04.202008:27 Ανάλυση και κριτικές Forex: Control zones for USDCHF on 04/09/20

The upward movement is still a priority since a reversal pattern formed last week. The growth target is the weekly CZ 0.9872-0.0937. The probability of growth to these points is 75%, which makes it profitable to buy from the flat range.

Exchange Rates 09.04.2020 analysis

We can consider growth to last month's high in the medium term, since the impulsive structure is quite strong, and there is no large supply yet.

An alternative model will develop if yesterday's movement is not absorbed and trading closes lower than yesterday. This will allow you to get more favorable prices for purchasing from WCZ 1/2 0.9625-0.9609.

Exchange Rates 09.04.2020 analysis

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Samanta Kruder,
Αναλυτικός εμπειρογνώμονας της InstaForex
© 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

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