Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.17108-1.17614. At the moment, the pair is trading higher, indicating the weakness of sellers.
Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.17123-1.17498. At the moment, the pair is trading higher, indicating the strength of buyers.
The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 25.03.2020.
• Quotation of the higher boundary of the zone 1/4-1.18657.
• Quotation of the higher boundary of the zone 1/2-1.17577.
• Intraday objectives: update the highs from 25.03.2020-1.19737.
• Medium-term objectives: test the lower bound of GWCZ-1.20967.
Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
Buy: 1.17577-1.18657, Take Profit 1-1.19737, Take Profit 2-1.20967.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)
Origin: FreshForex
