Amega daily market overview & news alerts

[AmegaFX]

USDCAD 25.05.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.28546-1.28447 and it has a potential to reach the target zone №2 1.27465-1.27367. The best prices to try to have a short position are the control resistance zone 1.28805-1.28705. 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 1.28805-1.28705 (120 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 26.05.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.07430-1.07334 and it is going to the target zone №2 1.08390-1.08294. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.06527-1.06431. 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 1.06527-1.06431 (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 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]

BRENT 27.05.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 111.107-109.857 and it is going to the target zone №2 123.607-122.357. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 101.444-100.194. 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 101.444-100.194 (1375 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 30.05.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.07430-1.07334 and it is going to the target zone №2 1.08390-1.08294. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.06663-1.06567. 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 1.06663-1.06567 (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 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]

AUDUSD 31.05.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.72017-0.71926 and it is going to the target zone №2 0.72927-0.72836. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.71125-0.71034. 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 0.71125-0.71034 (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]

USDCAD 01.06.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.26402-1.26306 and it has a potential to reach the target zone №2 1.25356-1.25262. The best prices to try to have a short position are the control resistance zone 1.27451-1.27354. 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 1.27451-1.27354 (115 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 02.06.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.65100-0.64960 and it is going to the target zone №2 0.66500-0.66360. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.64236-0.64096. 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 0.64236-0.64096 (155 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]

BRENT 03.06.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 111.107-109.857 and it is going to the target zone №2 123.607-122.357. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 110.815-109.865. 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 110.815-109.865 (1050 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]

GOLD 06.06.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1782.39-1775.19 and it has a potential to reach the target zone №2 1710.39-1703.19. The best prices to try to have a short position are the control resistance zone 1865.89-1858.69. 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 1865.89-1858.69 (790 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 07.06.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.25187-1.25039 and it has a potential to reach the target zone №2 1.23707-1.23559. The best prices to try to have a short position are the control resistance zone 1.26214-1.26066. 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 1.26214-1.26066 (160 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.