empty
 
 
pt
Suporte
Abertura instanânea da conta
Plataforma de negociação
Depósito/Retirada

30.04.202008:01 Forex Analysis & Reviews: Control zones for NZD/USD on 04/30/20

Today, the pair tested the target zone of the weekly control zone 1/2 0.6154-0.6147. In addition, the pair reached a monthly short-term limit. This may be a reason to stop growth and form a corrective downward model. It is important to understand that the upward movement remains a strong medium-term impulse, therefore, you should only enter a short position after the formation of a reversal pattern.

Exchange Rates 30.04.2020 analysis

The probability of growth in the medium term is above 70%, which will make it possible to re-enter purchases after the formation of the correction model.

An alternative model will be developed if the closure of today's trading occurs above the weekly control zone 1/2. This will open the way for further growth and indicate support for major buyers. It is important to understand that purchases from current levels are not yet profitable, since the pair is trading at a monthly maximum and testing significant zones.

Exchange Rates 30.04.2020 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.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

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.

Não pode falar agora?
Faça sua pergunta no chat.