empty
 
 
09.10.2019 10:45 AM
Control zones AUDUSD 10/09/19

The fall of the first days of the current week can be considered corrective since the defining support zone of the WCZ 1/2 0.6716-0.6710 was not reached. The test of this zone will allow you to get the most favorable prices for the purchase of the instrument. The growth target is the weekly CZ 0.6804-0.6792. The range of growth is sufficient for the risk-to-profit ratio to be above 1:3.

This image is no longer relevant

Work in the upward direction is a priority, so the reversal bearish model should be considered as an alternative. It will develop if the closing of today's trading occurs below the level of 0.6710. This will cancel the purchases and allow tomorrow to consider the sales of the instrument. The purpose of the downward movement will be the minimum of September.

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