Amega daily market overview & news alerts

AmegaFX

AmegaFX Representative
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55
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⚠ Watch out for the upcoming US Gross Domestic Product announcement and how could it affect EURUSD and other USD pairs!
 

AmegaFX

AmegaFX Representative
Messages
55
EURUSD 26.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.17607-1.17519 and it is going to the target zone №2 1.18487-1.18399. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.16866-1.16778. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.16866-1.16778 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.
 

AmegaFX

AmegaFX Representative
Messages
55
USDCAD 27.08.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.70041-0.69946 and it has a potential to reach the target zone №2 0.70991-0.70896. The best prices to try to have a short position are the control resistance zone 0.68874-0.68779. In case of the price is fixed upper the control resistance zone the medium-term trend will be changed to the bull market and all short positions should be closed.

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Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 0.68874-0.68779 (105 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current minimum. If this minimum changes by n points the zone should also be shifted n points down. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.
 

AmegaFX

AmegaFX Representative
Messages
55
EURUSD 30.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.17607-1.17519 and it is going to the target zone №2 1.18487-1.18399. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.17217-1.17129. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.17217-1.17129 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.
 

AmegaFX

AmegaFX Representative
Messages
55
GOLD 31.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1824.73-1820.23 and it is going to the target zone №2 1869.73-1865.23. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1778.20-1773.70. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1778.20-1773.70 (500 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.
 

AmegaFX

AmegaFX Representative
Messages
55
EURUSD 01.09.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.18487-1.18399 and it is going to the target zone №2 1.19367-1.19279. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.17569-1.17481. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.17569-1.17481 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.
 

AmegaFX

AmegaFX Representative
Messages
55
AUDUSD 02.09.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.73538-0.73458 and it is going to the target zone №2 0.74338-0.74258. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.73037-0.72957. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 0.73037-0.72957 (90 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.
 

AmegaFX

AmegaFX Representative
Messages
55
USDJPY 03.09.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 109.803-109.707 and it has a potential to reach the target zone №2 108.823-108.729. The best prices to try to have a short position are the control resistance zone 110.194-110.097. In case of the price is fixed upper the control resistance zone the medium-term trend will be changed to the bull market and all short positions should be closed.

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Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 110.194-110.097 (110 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current minimum. If this minimum changes by n points the zone should also be shifted n points down. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.
 

AmegaFX

AmegaFX Representative
Messages
55
Twitter En.jpg


Don’t miss the upcoming US Nonfarm Payrolls announcement as it is likely to cause financial market volatility.
 

AmegaFX

AmegaFX Representative
Messages
55
EURUSD 06.09.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.18487-1.18399 and it is going to the target zone №2 1.19367-1.19279. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.18208-1.18120. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.18208-1.18120 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.
 
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