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MT5.com - Control zones USDCAD 05/14/19

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Forex Analysis:::2019-05-14

Control zones USDCAD 05/14/19

Yesterday, the determining zone of resistance of the WCZ 1/2 1.3490-1.3479 was tested, which stopped the growth of the pair again. In order to sell an instrument, you need a "false breakout" pattern. The first goal of the decline can be considered in the range of the average daily rate from today's maximum. This will partially fix the sales.

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Working in the flat implies a partial taking of profit for the immediate targets and a withdrawal of the rest of the position to breakeven in case the pair starts to form a pulse movement.

The alternative model will be developed if the closure of today's US session happens above the level of 1.3490. This will indicate a change in medium-term priority to an upward one. The impulse is likely to be strong because the accumulation has been going on for a long time.

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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 area formed by the 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.

photo
Samanta Kruder
Analyst InstaForex
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