Amega daily market overview & news alerts

[AmegaFX]

GBPUSD 17.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.34898-1.34726 and it has a potential to reach the target zone №2 1.33178-1.33006. The best prices to try to have a short position are the control resistance zone 1.35421-1.35249. 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 1.35421-1.35249 (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]

AUDUSD 18.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.73150-0.73070 and it has a potential to reach the target zone №2 0.72350-0.72270. The best prices to try to have a short position are the control resistance zone 0.73394-0.73314. 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 0.73394-0.73314 (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]

USDCHF 19.11.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.93191-0.93079 and it is going to the target zone №2 0.94352-0.94237. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.92160-0.92050. 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 0.92160-0.92050 (125 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]

USDCAD 22.11.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.26440-1.26328 and it is going to the target zone №2 1.27634-1.27520. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.25447-1.25337. 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 1.25447-1.25337 (125 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]

NZDUSD 23.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.69315-0.69220 and it has a potential to reach the target zone №2 0.68365-0.68270. The best prices to try to have a short position are the control resistance zone 0.70280-0.70185. 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 0.70280-0.70185 (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]

BRENT 24.11.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 79.996-79.766 and it is going to the target zone №2 82.296-82.066. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 79.383-79.153. 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 79.383-79.153 (250 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 25.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.12520-1.12432 and it has a potential to reach the target zone №2 1.11640-1.11552. The best prices to try to have a short position are the control resistance zone 1.12828-1.12740. 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 1.12828-1.12740 (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]

AUDUSD 26.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.71550-0.71470 and it has a potential to reach the target zone №2 0.70750-0.70670. The best prices to try to have a short position are the control resistance zone 0.72216-0.72136. 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 0.72216-0.72136 (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]

USDJPY 29.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 113.525-113.435 and it has a potential to reach the target zone №2 112.554-112.465. The best prices to try to have a short position are the control resistance zone 114.119-114.028. 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 114.119-114.028 (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]

USDCAD 30.11.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.27634-1.27520 and it is going to the target zone №2 1.28851-1.28735. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.26793-1.26681. 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 1.26793-1.26681 (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 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.