empty
 
 
26.08.2020 06:24 AM
Control zones for AUDUSD on 08/26/20

Last week's downward momentum is still the basis for choosing the direction of trade. The probability of continued bearish movement is estimated at 75%. The main target of the decline is the weekly CZ 0.7097-0.7079. Upon reaching this zone, it is necessary to close most of the sales.

This image is no longer relevant

The most favorable prices for selling the instrument can be obtained if the price reaches the WCZ 1/2 0.7236-0.7227.

To form an alternative model, it will be necessary to close today's trading above WCZ 1/2. This will allow you to consider purchases in the second half of the week. This pattern is a form of support, since the bearish impulse has not yet reached 100%.

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