empty
 
 
10.09.2020 03:42 AM
Control zones for USD/CAD on 10/09/2020

The USD / CAD pair tested the WCZ 1/2 1.3142-1.3130 today, which made it possible to enter a long position. It is worth noting that the growth of the last two weeks has created the conditions for the formation of a reversal model of the older period. The first goal of the upward movement is the maximum of the current week.

This image is no longer relevant

The growth on September 8 is crucial for the upward movement. Until it is absorbed, the probability of continued growth is 70%.

To break the upward momentum, today's trading will need to close below the WCZ 1/2. This will indicate the need to cancel purchases. The search for favorable sales prices will become the basis of the plan tomorrow. The target of the downward movement will be the weekly control zone 1.3026-1.3004.

This image is no longer relevant

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

WCZ - weekly control zone. A zone formed by important marks of the futures market that change 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