Control zones USD/CHF Sept 26, 2019

Today’s work will involve finding favorable prices for purchasing the instrument, as yesterday’s test WCZ 1/2 -0.9861-0.9849 led to a strong increase in demand. The probability of further growth is 70%. The first target of the bullish momentum is the high of September.

It will be possible to consider options for reducing if today’s closure of the US session occurs below the WCZ 1/2.

An alternative model has a probability below 30%, which makes it auxiliary. For its implementation, closing of today’s trading below the level of 0.9849 will be required. Since demand was received yesterday, which led to the formation of absorption on the daily timeframe, it is not profitable to consider sales from current levels.

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 material has been provided by InstaForex Company – www.instaforex.com

Source:: Control zones USDCHF 09/26/19