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04.06.201906:51 Forex Analysis & Reviews: Control zones NZDUSD 04.06.19

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The closing of yesterday's US session occurred above the WCZ 1/2 0.6555-0.6548, which means that priority has been changed to ascending. To continue growth, you may need a corrective decline than you need to use to enter purchases. It is important to note that the target weekly control zone 0.6632-0.6618 is within the daily average move and intersects with the weekly average move. This suggests the need for 100% closure of purchases when it is reached.

Exchange Rates 04.06.2019 analysis

It does not make sense to consider the downward reversal movement, as this would require the absorption of yesterday's growth, which exceeded the daily average range. The probability of this event is below 30%, which makes it impossible to search for sales from current grades.

Sales will be possible if the test weekly short circuit, which is the goal of the upward movement, will result in a large offer. This will also allow you to observe the formation of the absorption pattern, which will enable you to enter a short position, which will eventually be a correction.

Exchange Rates 04.06.2019 analysis

Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

Samanta Kruder
Analytical expert of InstaForex
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