empty
 
 
ar
الدعم
فتح الحساب الفوري
منصة التداول
إيداع/ سحب

21.10.201906:16 Forex Analysis & Reviews: Control zones GBPUSD 10/21/19

Last week's upward movement made it possible for the pair to go beyond the average weekly move. This indicates an increase in the probability of the formation of a correctional model. The probability of a return to the level of 1.2791 is 90%, so purchases from current levels are not profitable. It is worth noting that this month the pair is already trading outside the monthly average move. This suggests that the Bank of England is interested in the growth of the national currency.

Exchange Rates 21.10.2019 analysis

Work in the upward direction is a priority, therefore, any trades against the trend should have a clearly limited range and quickly translate into breakeven. Trades in the direction of a correction are possible, since the pair is trading outside the monthly control zone.

An alternative model will be developed if growth does not stop and none of the minor control zones is broken. In this case, a significant monthly extremum test will be required. The nearest high was formed in May of this year and is at the level of 1.3169.

Exchange Rates 21.10.2019 analysis

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

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

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.