empty
10.09.2020 03:42 AM
Control zones for USD/CAD on 10/09/2020

The USD / CAD pair tested the WCZ 1/2 1.3142-1.3130 today, which made it possible to enter a long position. It is worth noting that the growth of the last two weeks has created the conditions for the formation of a reversal model of the older period. The first goal of the upward movement is the maximum of the current week.

This image is no longer relevant

The growth on September 8 is crucial for the upward movement. Until it is absorbed, the probability of continued growth is 70%.

To break the upward momentum, today's trading will need to close below the WCZ 1/2. This will indicate the need to cancel purchases. The search for favorable sales prices will become the basis of the plan tomorrow. The target of the downward movement will be the weekly control zone 1.3026-1.3004.

This image is no longer relevant

DCZ - daily control zone. A zone formed by important data from the futures market that changes several times a year.

WCZ - weekly control zone. A zone formed by important marks of the futures market that change several times a year.

MCZ - monthly control zone. A zone that reflects the average volatility over the past year.

Samanta Kruder,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

How to Trade the GBP/USD Currency Pair on July 10th: Simple Tips and Trade Analysis for Beginners

Wednesday Trade Analysis: GBP/USD – 1H Chart On Wednesday, the GBP/USD pair was also stuck in a flat movement, with very low volatility. There were virtually no price movements during

Paolo Greco 08:56 2025-07-10 UTC+2

How to Trade the EUR/USD Currency Pair on July 10th: Simple Tips and Trade Analysis for Beginners

Wednesday Trade Analysis: EUR/USD – 1H Chart On Wednesday, the EUR/USD pair continued to trade in line with the prevailing trend from the previous week. Market activity was minimal throughout

Paolo Greco 08:48 2025-07-10 UTC+2

Trading Recommendations and Trade Review for GBP/USD on July 10th

On Wednesday, GBP/USD remained within its descending channel. However, a more interesting setup emerged in the 4-hour time frame, where the price attempted several times to break through the Senkou

Paolo Greco 06:57 2025-07-10 UTC+2

Trading Recommendations and Trade Review for EUR/USD on July 10th

On Wednesday, the EUR/USD pair continued moving within a weak downward channel, as previously forecast. However, volatility dropped to a minimum, there was no macroeconomic backdrop for the third consecutive

Paolo Greco 06:45 2025-07-10 UTC+2

How to Trade the GBP/USD Currency Pair on July 9th: Simple Tips and Trade Analysis for Beginners

On Tuesday, the GBP/USD pair continued its moderate downward movement, which is clearly of a technical and corrective nature. On both Monday and Tuesday, there were no significant macroeconomic events

Paolo Greco 08:46 2025-07-09 UTC+2

How to Trade the EUR/USD Currency Pair on July 9th? Simple Tips and Trade Breakdown for Beginners

On Tuesday, the EUR/USD currency pair continued its mild downward movement in line with the prevailing trend. After a fairly strong upward move, the market began a correction. The nature

Paolo Greco 08:28 2025-07-09 UTC+2

Trading Recommendations and Trade Review for GBP/USD on July 9th

The GBP/USD pair extended last week's decline throughout Tuesday. As a reminder, the U.S. dollar had multiple factors supporting its potential strength last week, but it appreciated on only

Paolo Greco 07:35 2025-07-09 UTC+2

Trading Recommendations and Trade Review for EUR/USD on July 9th

The EUR/USD pair continued to decline on Tuesday, even though there was no fundamental justification for the dollar's growth. It was reported that Donald Trump decided to raise tariffs

Paolo Greco 07:09 2025-07-09 UTC+2

How to Trade the GBP/USD Currency Pair on July 8TH? Simple Tips and Trade Analysis for Beginners

Monday Trade Analysis: GBP/USD 1H chart On Monday, the GBP/USD pair was clearly trading sideways. On the hourly timeframe, it consolidated below the ascending trendline, but in our view, this

Paolo Greco 10:45 2025-07-08 UTC+2

How to Trade the EUR/USD Currency Pair on July 8th: Simple Tips and Trade Review for Beginners

Monday Trade Review: EUR/USD, 1H Chart On Monday, the EUR/USD pair traded with a downward bias, and the U.S. dollar posted a fairly strong gain. As we've mentioned before, even

Paolo Greco 10:09 2025-07-08 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.