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20.08.2019 10:10 AM
Control zones for USD/CAD pair on 08/19/19

Any decline in the pair will be corrective. This will enter the purchase again. Yesterday's purchases from 1/2 WCZ of 1.3250-1.3241 must be transferred to breakeven. The purpose of the upward model is a weekly control zone of 1.3378-1.3360. Testing this zone will allow you to record part of the purchases.

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Working at current levels will keep purchases and buying at the high of the week is not profitable. Therefore, the formation of a correctional model is necessary.

An alternative model will be developed if the closure of today's American session occurs below the 1/4 WCZ of 1.3292-1.3288. This will entail the formation of an accumulation zone, where 1/2 WCZ of 1.3250-1.3241 will again come to the fore.

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

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

Monthly fault - monthly control zone. An area that reflects the average volatility over the past year.

Samanta Kruder,
Analytical expert of InstaForex
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