empty
 
 
09.09.2020 04:25 AM
USDJPY control zones 09.09.20

The resumption of the downward movement became possible after yesterday's fall of the pair and the formation of the "absorption" pattern of the daily level. The bearish momentum may continue from the current levels as the formed "market maker zone" has already been worked out. The goal of reduction will again be the WCZ 1/2 105.43-105.28.

This image is no longer relevant

Work within the medium-term accumulation zone formed by the August extremes remains the main one. Transactions from the flat boundaries must be considered in the first place.

The alternative growth model has a probability below 30%, which makes it auxiliary. To change the priority of trading, you will need to close today's trading above yesterday's high. This will allow you to consider purchases of the instrument tomorrow.

This image is no longer relevant

DCZ - day control zone. A zone formed by important data from the futures market that changes several times a year.

WCZ - weekly control zone. The area formed an important marker of the future market, which changes several times a year.

MCZ - monthly control zone. A 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