empty
 
 
23.07.2019 05:28 AM
Control zones for USD/CAD pair on 07/23/19

The main model is growth since the close of trading last month occurred below the monthly control zone. The probability of a return to the level of 1.3164 is 90%. This should be used to build both intraday and mid-term plans. It is important to note that yesterday trading closed above the 1/2 WCZ of 1.3111-1.3102, which indicates a change in priority in marginal zones.

This image is no longer relevant

Buying from current levels is no longer profitable, however, any reduction can be used to enter a long position. Growth potential is estimated to be at 94 points.

To cancel the upward movement will require the absorption of yesterday's growth and closing of trades below. The probability of implementing this model is 30%, which makes it auxiliary. The main plan is to maintain already open purchases and the opening of new ones with a decline of 30 points or more.

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 $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