01 March 2019, USD/JPY
Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 111.023-111.267. At the moment, the pair is trading higher, indicating the strength of buyers. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 110.675-110.746. At the moment, the pair is trading higher, indicating the strength of buyers. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 01.03.2019. Quotation of the higher boundary of the zone 1/4-111.314. Quotation of the higher boundary of the zone 1/2–110.867. Intraday objectives: update the lows from 01.03.2019–111.767. Medium-term objectives: test the lower bound of GWCZ –112.899. Trading recommendations: buys from a range of favorable prices 110.867-111.314 in the formation of a reversal pattern.
Buy: 110.867-111.314, Take Profit 1-111.767, Take Profit 2-112.899.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)