empty
 
 
fr
Assistance
Ouverture rapide de compte
Plateforme de trading
Déposer / Retirer

08.10.201908:08 Forex Analysis & Reviews: Control zones USDCHF 10/08/19

At the end of last week, the pair broke through the WCZ 1/4, which opens up the possibility of a decrease to the WCZ 1/2 0.9904-0.9892. Now this area is the main target for sales opened yesterday. In the WCZ 1/2 test, partial consolidation and searching for a buy pattern will be required, since growth remains a medium-term impulse.

Exchange Rates 08.10.2019 analysis

Work in the downward direction remains a priority at the intraday level, however, this may change if demand is increased relative to yesterday's movement.

An alternative model will be developed if the closure of today's US session occurs below the level of 0.9892. This will indicate the formation of a reversal model of the medium-term level. Sales will come to the fore at tomorrow's European session.

Exchange Rates 08.10.2019 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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Samanta Kruder,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.