The previous day’s growth led to a breakdown and consolidation above the NKZ 1/2 113.23-113.14. This indicates an upward priority and the need to search for favorable prices for the purchase of the instrument.
The growth of the last two days is impulsive. The upward model has a weekly target KZ 114.25-114.07. Work in the upward direction has a higher potential and allows you to count on a profit in 70% of cases. It is important to understand that more favorable prices are required for purchases. The nearest support is NKZ 1/4 113.02-112.98. Placing a limit order within this zone can provide an excellent entry point. The growth potential from this zone will be 100 points, so the stop should not exceed 30 points.
The most favorable purchase prices are located within the NKZ 1/2 112.56-112.47. The probability of today’s test of this zone is low, so this plan has medium-term prospects. It should be remembered that the update of the weekly low will require the transfer of the NKZ 1/2 after the weakening of the Japanese yen.
Growth from current levels is highly likely, but buying at the high of the week does not look profitable, since the stop will be required below yesterday’s low. This does not allow you to get a favorable ratio of risk to profit. It is not necessary to consider the reversal model, since the violation of the upward momentum requires the absorption of the growth of the last two days. The probability of this event is 30%.
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.
The material has been provided by InstaForex Company – www.instaforex.com
The previous day’s growth led to a breakdown and consolidation above the NKZ 1/2 113.23-113.14. This indicates an upward priority and the need to search for favorable prices for the purchase of the instrument.
The growth of the last two days is impulsive. The upward model has a weekly target KZ 114.25-114.07. Work in the upward direction has a higher potential and allows you to count on a profit in 70% of cases. It is important to understand that more favorable prices are required for purchases. The nearest support is NKZ 1/4 113.02-112.98. Placing a limit order within this zone can provide an excellent entry point. The growth potential from this zone will be 100 points, so the stop should not exceed 30 points.
The most favorable purchase prices are located within the NKZ 1/2 112.56-112.47. The probability of today’s test of this zone is low, so this plan has medium-term prospects. It should be remembered that the update of the weekly low will require the transfer of the NKZ 1/2 after the weakening of the Japanese yen.
Growth from current levels is highly likely, but buying at the high of the week does not look profitable, since the stop will be required below yesterday’s low. This does not allow you to get a favorable ratio of risk to profit. It is not necessary to consider the reversal model, since the violation of the upward momentum requires the absorption of the growth of the last two days. The probability of this event is 30%.
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.
The material has been provided by InstaForex Company – www.instaforex.com
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