Today, the formation of the local zone of accumulation formed continues in early June. Working within this zone implies sales at the top of the range and their partial fixation at the lower border. Purchases should not be considered as long as the pair is trading below the 1/2 WCZ of 52.61-52.44.
The flat framework is clearly visible by the opening and closing levels of trading on June 12. This movement is decisive for the formation of a flat.
An alternative model will be developed if the close of today’s trading occurs above the level of 55.61. This fact will allow considering purchases tomorrow. The purpose of the upward movement will be weekly CZ of 54.51-54.17. The probability of implementing this model is 30%, which makes it auxiliary.
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 area formed by marks from the important futures market, which changes several times a year.
Monthly CZ – monthly control zone. The area is a reflection of the average volatility over the past year.
The material has been provided by InstaForex Company – www.instaforex.com
Today, the formation of the local zone of accumulation formed continues in early June. Working within this zone implies sales at the top of the range and their partial fixation at the lower border. Purchases should not be considered as long as the pair is trading below the 1/2 WCZ of 52.61-52.44.
The flat framework is clearly visible by the opening and closing levels of trading on June 12. This movement is decisive for the formation of a flat.
An alternative model will be developed if the close of today’s trading occurs above the level of 55.61. This fact will allow considering purchases tomorrow. The purpose of the upward movement will be weekly CZ of 54.51-54.17. The probability of implementing this model is 30%, which makes it auxiliary.
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 area formed by marks from the important futures market, which changes several times a year.
Monthly CZ – monthly control zone. The area 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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