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FX.co ★ Control zones USDCAD 03/18/19

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Forex Analysis:::2019-03-18T07:13:40

Control zones USDCAD 03/18/19

At the end of last week, there was a test of the first NKZ 1/4 of the resistance zone, which led to an increase in supply. Since the downward movement is an impulse, any growth must be considered as an opportunity to enter a short position. Sales, opened last week, must be kept until the test of the weekly KZ 1.3261-.13241. This target allows you to get a profitable risk to return ratio.

Control zones USDCAD 03/18/19

Today, there will be an expiration of the March futures contract, which may lead to an increase in volatility during the US session and a quick implementation of the priority model.

An alternative model will be developed if today's closure of the US session happens above the level of 1.3346. This will allow you to consider growth to the NKZ 1/2 1.3398-1.3388, where the most favorable prices for selling the instrument are located. It is important to note that this zone is located within the middle course.

Control zones USDCAD 03/18/19

Daily KZ - 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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