Amega daily market overview & news alerts

[AmegaFX]

EURUSD 27.09.2021

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 1.17800-1.17712. 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 1.17800-1.17712 (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]

USDCAD 28.09.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.26543-1.26431 and it has a potential to reach the target zone №2 1.25369-1.25259. The best prices to try to have a short position are the control resistance zone 1.27360-1.27247. 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 1.27360-1.27247 (130 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 29.09.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 79.810-79.560 and it is going to the target zone №2 82.310-82.060. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 77.394-77.144. 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 77.394-77.144 (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]

EURUSD 30.09.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.16448-1.16360 and it has a potential to reach the target zone №2 1.15568-1.15480. The best prices to try to have a short position are the control resistance zone 1.16861-1.16773. 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 1.16861-1.16773 (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]

GBPUSD 01.10.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.33969-1.33797 and it has a potential to reach the target zone №2 1.32249-1.32077. The best prices to try to have a

Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 1.36003-1.35831 (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]

EURUSD 04.10.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.15568-1.15480 and it has a potential to reach the target zone №2 1.14688-1.14600. The best prices to try to have a short position are the control resistance zone 1.16593-1.16505. 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 1.16593-1.16505 (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]

Watch out for the upcoming Reserve Bank of Australia Interest Rate Decision announcement and its impact on AUDUSD & other AUD pairs.

 

[AmegaFX]

USDCAD 05.10.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.25377-1.25267 and it has a potential to reach the target zone №2 1.24224-1.24117. The best prices to try to have a short position are the control resistance zone 1.26866-1.26754. 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 1.26866-1.26754 (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]

Watch out for the upcoming New Zealand Interest Rate Decision announcement and how could it affect NZDUSD & other NZD pairs.

 

[AmegaFX]

NZDUSD 06.10.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.68848-0.68753 and it has a potential to reach the target zone №2 0.67898-0.67803. The best prices to try to have a short position are the control resistance zone 0.69634-0.69539. 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 0.69634-0.69539 (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.