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FX.co ★ Control zones USDCHF 12/19/18

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Forex Analysis:::2018-12-19T07:10:53

Control zones USDCHF 12/19/18

The day before yesterday there was a breakdown and consolidation below NCH 1/4 0.9937-0.9932. This makes it possible to work in the flat range with the main target in the downward direction of NKZ 1/2.

Continuation of the downward movement can be considered a priority. The first target of the fall is the NKZ 1/2 0.9886-0.9876, where it will be necessary to fix and search for a pattern to buy, as the pair will be at the lower limit of the flat range. Purchases from the limits of the specified zone will make it possible to obtain a favorable risk/reward ratio due to the fact that the target of the upward movement is the weekly short-term 1.0012-1.0002.

Control zones USDCHF 12/19/18

Within the medium-term accumulation zone, partial or complete fixations are required when reaching the boundaries of the flat. Making deals in the middle of the range is not profitable.

No additional patterns are required to continue the growth. The upward model remains a priority in the medium term. The growth target is the weekly short-term of 1.0089-1.0069, which is formed from the December low. The best prices for buying are within 1/2 NKZ 0.9886-0.9876. Growth from the current levels already allows you to get a favorable risk/reward ratio.

Control zones USDCHF 12/19/18

Day short - daily control zone. The zone formed by important data from the futures market, which change several times a year.

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

Monthly KZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

Analyst InstaForex
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