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11.11.201904:08 Forex Analysis & Reviews: Control zones USDCAD 11/11/19

The upward movement is a medium-term impulse, so part of the long position can be held. There are no serious resistance levels on the way of growth, so the formation of a reversal model will require the formation of an accumulation zone of a weekly level or higher. Purchases at any decline look beneficial from the lower control zones.

Exchange Rates 11.11.2019 analysis

It is important to understand that the most favorable purchase prices are within the WCZ 1/2 1.3149-1.3140. The test of this zone will be decisive for the entire upward movement.

An alternative model will be developed if the pair does not form a correctional decline, but immediately breaks the weekly control zone 1.3231-1.3213 and consolidates above it. Purchases from current marks are not profitable, so the only plan will be to retain previously opened purchases.

Exchange Rates 11.11.2019 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
© 2007-2025
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