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21.10.201907:15 Forex Analysis & Reviews: Control zones NZDUSD 10/21/19

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 last week's trading occurred above the average move. This makes it possible to get a better price. The probability of a return to the upper boundary of the average course of the last week 0.6357 is 90%, which makes it possible to buy an instrument after correction.

Exchange Rates 21.10.2019 analysis

Purchases from the current levels are not profitable. Therefore, the formation of a correctional model is required. After the formation of a local maximum of the current week, it is necessary to build a control zone and place a limit buy order.

An alternative growth model is being formed. The growth target is the Weekly Control Zone 1/2 0.6435-0.6429. Testing this zone will allow you to consolidate the next part of a long position and consider sales after the formation of the pattern of "false breakdown". This will allow working to return to the average weekly move at the level of 0.6357.

Exchange Rates 21.10.2019 analysis

Daily CZ - daily control zone. The zone 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. The zone that reflects the average volatility over the past year.

Samanta Kruder
Analytical expert of InstaForex
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