Amega daily market overview & news alerts

[AmegaFX]

GBPUSD 16.09.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.37910-1.37738 and it is going to the target zone №2 1.39630-1.39458. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.37101-1.36929. 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.

Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.37101-1.36929 (190 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]

Will Retail sales boost the US Dollar? Follow up on the upcoming announcement.

 

[AmegaFX]

AUDUSD 17.09.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.73175-0.73095 and it has a potential to reach the target zone №2 0.72375-0.72295. The best prices to try to have a short position are the control resistance zone 0.73619-0.73539. 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.

Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 0.73619-0.73539 (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 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]

EURUSD 20.09.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.17328-1.17240 and it has a potential to reach the target zone №2 1.16448-1.16360. The best prices to try to have a short position are the control resistance zone 1.18071-1.17983. 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.

Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 1.18071-1.17983 (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 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]

NZDUSD 21.09.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.70748-0.70653 and it has a potential to reach the target zone №2 0.69798-0.69703. The best prices to try to have a short position are the control resistance zone 0.71051-0.70956. 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.

Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 0.71051-0.70956 (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]

BRENT 22.09.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 74.810-74.560 and it is going to the target zone №2 77.310-77.060. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 73.164-72.914. 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.

Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 73.164-72.914 (275 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]

Watch out for the upcoming FED Interest Rate Decision announcement and its impact on EURUSD & other USD pairs.

 

[AmegaFX]

GBPUSD 23.09.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.37409-1.37237 and it has a potential to reach the target zone №2 1.35689-1.35517. The best prices to try to have a short position are the control resistance zone 1.37983-1.37811. 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.

Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 1.37983-1.37811 (190 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]

Watch out for the upcoming Bank of England (BoE) Interest Rate Decision announcement and its impact on GBPUSD & other GBP pairs.

 

[AmegaFX]

AUDUSD 24.09.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.72375-0.72295 and it has a potential to reach the target zone №2 0.71575-0.71495. The best prices to try to have a short position are the control resistance zone 0.73104-0.73024. 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.

Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 0.73104-0.73024 (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 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.