empty
30.04.2020 08:01 AM
Control zones for NZD/USD on 04/30/20

Today, the pair tested the target zone of the weekly control zone 1/2 0.6154-0.6147. In addition, the pair reached a monthly short-term limit. This may be a reason to stop growth and form a corrective downward model. It is important to understand that the upward movement remains a strong medium-term impulse, therefore, you should only enter a short position after the formation of a reversal pattern.

This image is no longer relevant

The probability of growth in the medium term is above 70%, which will make it possible to re-enter purchases after the formation of the correction model.

An alternative model will be developed if the closure of today's trading occurs above the weekly control zone 1/2. This will open the way for further growth and indicate support for major buyers. It is important to understand that purchases from current levels are not yet profitable, since the pair is trading at a monthly maximum and testing significant zones.

This image is no longer relevant

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

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

Monthly CZ - monthly control zone. The zone that reflects the average volatility over the past year.

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD: Trading Plan for the U.S. Session on May 1st (Review of the Morning Trades)

In my morning forecast, I focused on the 1.3282 level and planned to make entry decisions based on it. Let's take a look at the 5-minute chart and see what

Miroslaw Bawulski 18:42 2025-05-01 UTC+2

EUR/USD: Trading Plan for the U.S. Session on May 1st (Review of the Morning Trades)

In my morning forecast, I focused on the 1.1320 level and planned to make market entry decisions based on it. Let's take a look at the 5-minute chart

Miroslaw Bawulski 18:38 2025-05-01 UTC+2

How to Trade the GBP/USD Currency Pair on May 1? Simple Tips and Trade Analysis for Beginners

The GBP/USD pair also showed a downward movement on Wednesday, for which there were no valid reasons. There were no noteworthy events in the UK yesterday, while the U.S. released

Paolo Greco 06:42 2025-05-01 UTC+2

How to Trade the EUR/USD Currency Pair on May 1? Simple Tips and Trade Analysis for Beginners

Wednesday's Trade Analysis: 1H chart of the EUR/USD pair. The EUR/USD currency pair continued its downward movement within the sideways channel on the hourly time frame on Wednesday —

Paolo Greco 06:40 2025-05-01 UTC+2

GBP/USD: Trading Plan for the U.S. Session on April 30th (Review of Morning Trades)

In my morning forecast, I drew attention to the 1.3376 level and planned to base market entry decisions on it. Let's take a look at the 5-minute chart and analyze

Miroslaw Bawulski 13:15 2025-04-30 UTC+2

EUR/USD: Trading Plan for the U.S. Session on April 30th (Review of Morning Trades)

In my morning forecast, I drew attention to the 1.1378 level and planned to base market entry decisions on it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 13:13 2025-04-30 UTC+2

How to Trade the GBP/USD Pair on April 30? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of GBP/USD On Tuesday, the GBP/USD pair corrected downward after another surge on Monday. No fundamental or macroeconomic reasons supported such movements on either

Paolo Greco 06:04 2025-04-30 UTC+2

How to Trade the EUR/USD Pair on April 30? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of EUR/USD On Tuesday, the EUR/USD currency pair continued to trade within a sideways channel, which is now visible on virtually any timeframe

Paolo Greco 06:04 2025-04-30 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 30: The Pound Has Cooled Down, But for How Long?

On Tuesday, the GBP/USD currency pair failed to continue the upward movement it had started so vigorously on Monday. It is worth recalling that there were no solid reasons

Paolo Greco 03:29 2025-04-30 UTC+2

Trading Recommendations and Analysis for EUR/USD on April 30: The Market Remains in a State of Hibernation

The EUR/USD currency pair continued to trade within a sideways channel throughout Tuesday. The flat movement is visible in the chart above. Last week, the pair briefly broke

Paolo Greco 03:29 2025-04-30 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback