empty
 
 
10.09.2019 05:22 AM
Control zones for USD/JPY pair on 09/10/19

The upward momentum allows you to keep part of the purchases open in the current and last weeks. The target zone of the 1/2 WCZ 107.66-107.57 is within the daily average move, which indicates the need for the next fixation of purchases in the near future. It is important to note that just above the specified zone is the level of 107.72, which has been targeted since the end of July with the probability of testing by 90%.

This image is no longer relevant

Any decrease in the pair within the average daily course will be corrective, which will allow obtaining favorable prices for the purchase of the instrument. Opening yesterday's trading will be the determining level. If the pair trades above it, then the probability of updating local highs will remain above 70%.

In order for the alternative decline model to develop, it will require the absorption of today's and yesterday's growth and the closure of trades below. In this case, market sales will be able to block the volume of purchases, which will lead to the formation of a local accumulation zone. This model should be used as an auxiliary one since the probability of its implementation is below 30%.

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 area formed by marks from the important futures market, which changes several times a year.

Monthly CZ - monthly control zone. The area 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 $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