empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

18.10.201908:08 Forex Analysis & Reviews: Control zones USDCHF 10/18/19

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.

Yesterday's close occurred below the WCZ 1/2 0.9904 – 0.9892. Bearish movement becomes an impulse. The main objective of the decline is the weekly CZ 0.9784 – 0.9761. Reaching this zone will complete the first cycle of the bearish trend. It is important to note that today the pair is trading within the lower middle course zone. The probability of closing the auction below the level of 0.9862 is 30%.

Exchange Rates 18.10.2019 analysis

Work in the downward direction will be the main at the beginning of next week. It is important to get more favorable prices for the sale of the instrument. This will allow you to enter a position with a favorable risk-to-profit ratio.

An alternative model for continuing the fall will be developed if today's fall leads to the closing of trading outside the average weekly move. This will increase the probability of a return upward movement to 90%. It is important to understand that the upward movement until the test of the lower weekly control zone will remain corrective.

Exchange Rates 18.10.2019 analysis

Daily CZ – daily control zone. An area formed by important data from the futures market that changes several times a year.

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

Monthly CZ – monthly control zone. An area that reflects the average volatility over the past year.

Samanta Kruder
Analytical expert of InstaForex
© 2007-2024

Open trading account

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off