Main Quotes Calendar Forum
flag

FX.co ★ Control zones for USDCAD on 07/16/20

parent
Forex Analysis:::2020-07-16T07:04:37

Control zones for USDCAD on 07/16/20

Working towards strengthening the Canadian dollar is a priority, so sales opened after testing WCZ 1/2 1.3626-1.3613 should be kept. The purpose for a fall is the WCZ 1.3466-1.3442. Testing this zone will allow you to record part of the sales.

Control zones for USDCAD on 07/16/20

When working in a downward direction, you need to be prepared for a strong demand to appear after testing the weekly CZ.

The option to continue working within the established accumulation zone will develop if the test of the weekly control zone causes an absorption pattern to form in the direction of growth. This will open the purchase. The target of growth is\ the upper limit of the flat, which is formed by the current week's high.

Control zones for USDCAD on 07/16/20

Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.

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

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

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...