For Traders

Analytical Reviews

Trading plan

07.09.202007:13 Forex Analysis & Reviews: Control zones for NZDUSD on 09/07/2020

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 downward movement of the pair remains a priority when building daily trading plans. While the pair is trading below the WCZ 1/2 0.6746-0.6739, the probability of updating the monthly minimum is 75%. The main target of the fall is the weekly short-circuit 0.6636-0.6621.

Working within the framework of a corrective medium-term fall implies holding already open sales and searching for patterns for a new opening of short positions.

An alternative model will be developed if today's close of trading occurs above the WCZ 1/2. This will allow you to abandon the short position and consider buying the instrument. The main goal will be a monthly maximum.

DCZ - daily control zone. A zone formed by important data from the futures market that changes several times a year.

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

MCZ - monthly control zone. A zone that reflects the average volatility over the past year.

Back to the list

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.