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23.07.201905:51 Forex Analysis & Reviews: Control zones for USD/CHF pair on 07/23/19

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The downward movement remains a priority because the target weekly CZ of 0.9734-0.9713 was not fulfilled. This suggests the need to find favorable prices for the sale of the instrument. Margin requirements have changed, which in turn increased the size of the WCZ to 238 points, which will allow getting more profit. The first resistance will be 1/4 WCZ of 0.9864-0.9859. A test of this zone will allow you to go on sale when an offer appears.

Exchange Rates 23.07.2019 analysis

The intraday plan should take into account the location of the middle strike, which is just above the 1/4 WCZ. This range is an ideal target for placing a limit order.

An alternative model will be developed if the closure of today's US session occurs above the level of 0.9864. This will give the opportunity to look for sales at a better price. The determining resistance is the 1/2 WCZ of 0.9925-0.9914. Growth to this zone will provide the most favorable prices for the sale.

Exchange Rates 23.07.2019 analysis

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

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

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

Samanta Kruder
Analytical expert of InstaForex
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