empty
 
 
10.12.2019 05:32 AM
Control zones for GBP/USD on 12/10/19

Over the past three days, a local accumulation zone has been formed. Developing within this zone involves buying from the lower boundary and selling from the upper ones. Moreover, it is important to understand that sales will open in the direction of corrective movement, and thus, their potential is estimated below purchases.

This image is no longer relevant

The first target zone of decline will be the Weekly Control Zone 1/4 1.3084-1.3075. Testing of which will determine the further priority. If the pair continues to trade above the specified zone, then the probability of updating the December maximum remains 75%.

An alternative model will be developed if the closing of today's trading occurs below the level of 1.3075. This will open the way for further correctional decline to Weekly Control Zone 1/2 1.2988-1.2969, which will not violate the upward medium-term impulse and will allow us to obtain more favorable purchase prices.

This image is no longer relevant

Daily CZ - daily control zone. The zone 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. The zone 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 $9000 more!
    In May we raffle $9000 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