Once again, there is an exit beyond the monthly short-term of January. This does not make it possible to search for favorable purchase prices. A corrective decline to the broken zone comes to the fore. A sell pattern can be formed when the weekly high is updated. It is important to understand that a new countdown will start on Friday when building monthly short circuits. This will give the opportunity to work towards continued growth, and the barrier in the form of the January zone will become history.
Now the pair is trading within the local accumulation zone that was formed this week. All conditions have been created for continued growth. NKZ 1/2 0.6799-0.6792 remained support, and Friday's movement is the momentum from which growth continues.
An alternative model will be continued movement in the flat. This requires the appearance of an offer and keeping the price below the high of the week. If this happens, the purpose of the decrease will again be NKZ 1/2. The best prices for the purchase are within this zone. The continuation of the growth will be confirmed if the closure of today's daily candle is above the Monday high.
Day short - daily control zone. The zone formed by important data from the futures market, which change several times a year.
Weekly KZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly KZ - 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