Stay 
Trading Conditions
Products
Tools
Last week, the formation of the medium-term accumulation zone continued. It is important to note that there is an update of weekly highs, while at least November has not been tested. This indicates the continuation of the formation of the priority bullish model.
Earlier this week, the main focus of trade remains growth. This is possible due to the fact that a reversal pattern was formed seven days ago. The main purpose of the growth is the weekly KZ of 1.1469-1.1450. While the area has not been achieved, the rising model is considered as incomplete. The defining support is NKZ 1/2 1.1331-1.1322. The test of this zone will allow you to get the most favorable prices for the purchase of the instrument. For those who are already in purchases, the main plan is to hold transactions.
On Friday, the option contracts expired, which allows us to assume a slight decrease in volatility at the beginning of this week. This may postpone the implementation of the priority model by several days.
In order to disrupt the upward movement, it will require a breakdown of the NKZ 1/2, which is now in support. The closing of the US session should be below the level of 1.132. In this case, the fall of the pair will resume, and the November low will be the first goal. The main purpose of the decline will be a weekly KZ 1.1239-1.1221. The probability of formation of this model today is 30%. It should be used as an auxiliary.
Day short - daily control zone. The zone formed by important data from the futures market, which change several times a year.
Weekly KZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly KZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
