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Control zones of USD/CHF pair 01/25/19

Throughout the current week, the pair is trading within the monthly CZ of January. This is the reason for stopping the strong bullish momentum. The most interesting in trading is the downward correctional models.

The formation of a local zone accumulation on the pair occurs within a monthly control zone. This allows you to consider sales after fixing the price below the 1/4 CZ of 0.9938-0.9933. If today's US session closes below this zone, the next reduction target will be 1/2 CZ of 0.9887-0.9877 where the first sales fixation point will be. A short position from the limits of a monthly control zone always has the probability of working out above 70%.

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It is important to take into account that the upward movement is a strong medium-term impulse, hence, the probability of a return to the January maximum is 70% in the near future. However, this may require correction, within which you can take up to 120 profit points.

Sales of the USD/CHF pair are possible only after going outside the flat. Purchases of this instrument within the upper monthly short-circuit are not profitable, therefore, it is better to refuse long transactions until the close of January trading. Another reason for purchases could be a decrease in the pair to 1/2 CZ of 0.9887-0.9877. The test of this zone will allow getting favorable prices and the profit on purchases will be more than 100 points when the January maximum is updated. This model must be traded when the price drops to the desired levels.

Sales of the USD/CHF pair are possible only after going outside the flat. Purchases of this instrument within the upper monthly control zone are not profitable, therefore, it is better to refuse long transactions until the close of January trading.

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Daily CZ - daily control zone. The area formed by important data from the futures market that change several times a year.

Weekly CZ - weekly control zone. The area formed by marks from important futures market which change several times a year.

Monthly CZ - monthly control zone. The area is a reflection of the average volatility over the past year.

The material has been provided by InstaForex Company - www.instaforex.com