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11.11.2019 07:42 AM
Control zones USDCHF 11/11/19

Last week's close was above the WCZ 1/2 0.9970-0.9958. This indicates an increase in the probability of further growth to 75%. The next target of the upward movement will be the weekly control zone of 1.0107-1.0083, which still coincides with the range of the average weekly move.

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It is important to understand that purchases from current marks are not profitable. Corrective movement may be required to continue growth.

Today, the nearest support is the WCZ 1/4 0.9917-0.9911. The test of this zone will allow entering the purchase after the formation of the absorption pattern. The downward movement is corrective, so it is not recommended to consider sales.

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Daily CZ – daily control zone. An area formed by important data from the futures market that changes several times a year.

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

Monthly CZ – monthly control zone. An area that reflects the average volatility over the past year.

Samanta Kruder,
Analytical expert of InstaTrade
© 2007-2025

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