See also
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.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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On Tuesday, the GBP/USD pair crashed for the same inexplicable reasons as the EUR/USD pair. The only difference is that the euro lost about 100 points, while the pound lost
On Tuesday, the EUR/USD currency pair plummeted like a stone for reasons that remain unexplained to this day. Some analysts have already put forward hypotheses about what happened
On Monday, the GBP/USD currency pair continued its upward movement, unlike the euro, which rose in the second half of the day. Thus, the British pound is likely to continue
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On Friday, the GBP/USD currency pair managed to trade both ways, fully taking advantage of the forming flat. In the first half of the day, the British pound declined
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