empty
 
 
pt
Suporte
Abertura instanânea da conta
Plataforma de negociação
Depósito/Retirada

07.09.202008:03 Forex Analysis & Reviews: Control Zones for USDCAD on 09/07/20

The movement trend going up remains a priority because the pair failed to gain a foothold below the wcz a 1.3046 - 1.3034. The test of this zone led to an increase in demand. The first target of the upward movement is the maximum of the previous week. The main target is the weekly short-term target of 1.3248-1.3225.

Exchange Rates 07.09.2020 analysis

The downward movement trend last Friday compensated the latest increase but the "absorption" pattern of the daily level was not formed.

To cancel the upward movement, today's trading needs to be closed at below the WCZ a. In this case, it will open the way for the resumption of bearish momentum where the target will be at 1.2961 level.

Exchange Rates 07.09.2020 analysis

Daily 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.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Samanta Kruder,
Analytical expert of InstaSpot
© 2007-2024
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.

Não pode falar agora?
Faça sua pergunta no chat.