At the end of the week, the pair keeps trading within the medium-term accumulation zone, where the main targets are weekly and monthly extremes. The upward movement is the priority.
Medium-term plan.
The impulse during the second half of the week allowed the formation of a reversal model in the younger period, which opens up opportunities for medium-term growth. The first goal of the upward movement is the weekly KZ 1.1913-1.1897. The achievement of this zone will allow the settlement of a portion of purchases, and leave the rest in case of continued growth to the upper monthly CP of October.The decrease in the exchange rate should be used to obtain favorable prices for the purchase of the instrument.
An alternative model will develop if the pair can keep the previous growth and able to break again the upward momentum. This will allow the consideration of the decline with the update of the monthly minimum for the medium term.
Intraday plan.
Yesterday, the formation of a reversal growth model occurred after the pair was able to gain a foothold above NKZ 1/2 at 1.1827 - 1.1813. the retention of the rate is required above the NCP 1/2 at 1.1773 - 1.1765 to resume growth. The specified range constitutes the zone for the search for favorable prices for the purchase of the instrument. The purpose of growth is to test the weekly KZ at 1.1913 - 1.1897, which will require full or partial fixation of purchases. The zone is located outside the daily average, which indicates the transition to the medium-term range of intraday transactions.
The daytime CP is the daytime control zone. The zone formed by important data from the futures market that change several times a year.
The weekly CP is the weekly control zone. The zone formed through marks from important futures market changes several times a year.
The monthly CP is the monthly control zone. The zone is a reflection of the average volatility over the past year.
