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09.09.202005:06 Forex Analysis & Reviews: USDCHF Control Zones 09.09.20

The upward movement of the current week is a priority. It was made possible by the formation of a reversal model. Monday's trading close above the wcz 1/2 0.9143 - 0.9129 gave the opportunity to consider purchases. The growth target is the weekly CZ 0.9292-0.9265. The purchase may require the formation of a correction model.

Exchange Rates 09.09.2020 analysis

The trend in the upward direction may become the main one in the first half of September. Transactions have excellent potential and the risk-to-profit ratio will be profitable below the current levels.

If the closing of today's trading will be below WCZ1/4 0.9133-0.9126, an alternative model in which a local accumulation zone is formed will be developed. This will allow us to consider a deeper correction to the significant market maker level formed last week.

Exchange Rates 09.09.2020 analysis

Day Control Zone. An area formed by important data from the futures market that changes several times a year.

Weekly Control Zone. An area formed by important marks of the futures market that changes several times a year.

Monthly Control Zone. A zone that reflects 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.

Samanta Kruder,
Analytical expert of InstaSpot
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