Amega daily market overview & news alerts

[AmegaFX]

BRENT 01.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 68.113-67.653 and it has a potential to reach the target zone №2 63.513-63.053. The best prices to try to have a short position are the control resistance zone 72.492-72.032. 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 72.492-72.032 (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 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 02.12.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.13708-1.13620 and it is going to the target zone №2 1.14588-1.14500. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.12949-1.12859. 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 1.12949-1.12859 (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]

GBPUSD 03.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.33178-1.33006 and it has a potential to reach the target zone №2 1.31458-1.31286. The best prices to try to have a short position are the control resistance zone 1.33831-1.33659. 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 1.33831-1.33659 (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]

USDCHF 06.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.91471-0.91362 and it has a potential to reach the target zone №2 0.90380-0.90274. The best prices to try to have a short position are the control resistance zone 0.92810-0.92699. 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 0.92810-0.92699 (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 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 07.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 112.554-112.465 and it has a potential to reach the target zone №2 111.599-111.512. The best prices to try to have a short position are the control resistance zone 113.592-113.502. 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 113.592-113.502 (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]

Watch out for the upcoming Bank of Canada Interest Rate Decision announcement and its impact on USDCAD & other CAD pairs.

 

[AmegaFX]

NZDUSD 08.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.67415-0.67320 and it has a potential to reach the target zone №2 0.66465-0.66370. The best prices to try to have a short position are the control resistance zone 0.68405-0.68310. 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 0.68405-0.68310 (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]

EURUSD 09.12.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.13242-1.13154 and it is going to the target zone №2 1.14122-1.14034. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.12667-1.12579. 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 1.12667-1.12579 (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]

GBPUSD 10.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.31458-1.31286 and it has a potential to reach the target zone №2 1.29738-1.29565. The best prices to try to have a short position are the control resistance zone 1.33591-1.33419. 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 1.33591-1.33419 (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 US Core CPI index (YoY) announcement and how could it affect EURUSD and other USD pairs.