Amega daily market overview & news alerts

[AmegaFX]

EURUSD 18.08.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.03554-1.03362 and it is going to the target zone №2 1.05694-1.05482. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.01564-1.01352. 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 1.01564-1.01352 (230 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 19.08.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.63279-0.63139 and it has a potential to reach the target zone №2 0.611879-0.61739. The best prices to try to have a short position are the control resistance zone 0.63799-0.63659. 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 0.63799-0.63659 (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 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]

GOLD 22.08.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1742.84-1739.59 and it has a potential to reach the target zone №2 1710.34-1707.09. The best prices to try to have a short position are the control resistance zone 1780.63-1777.38. 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 1780.63-1777.38 (360 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 23.08.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.69280-0.69180 and it has a potential to reach the target zone №2 0.68280-0.68180. The best prices to try to have a short position are the control resistance zone 0.69721-0.69621. 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 0.69721-0.69621 (110 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 24.08.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.93989-0.93733 and it has a potential to reach the target zone №2 0.91478-0.91236. The best prices to try to have a short position are the control resistance zone 0.96610-0.96340. 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 0.96610-0.96340 (290 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 25.08.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.30670-1.30568 and it is going to the target zone №2 1.31807-131703. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.29493-1.29392. 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 1.29493-1.29392 (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 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 26.08.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.61879-0.61739 and it has a potential to reach the target zone №2 0.60479-0.60339. The best prices to try to have a short position are the control resistance zone 0.63103-0.62963. 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 0.63103-0.62963 (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 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 29.08.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.99444-0.99232 and it has a potential to reach the target zone №2 0.97324-0.97112. The best prices to try to have a short position are the control resistance zone 1.01328-1.01116. 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 1.01328-1.01116 (235 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 30.08.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.16206-1.16042 and it has a potential to reach the target zone №2 1.14406-1.14226. The best prices to try to have a short position are the control resistance zone 1.18462-1.18282. 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 1.18462-1.18282 (200 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 31.08.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 138.749-138.327 and it is going to the target zone №2 143.118-142.669. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 134.949-134.549. 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 134.949-134.549 (450 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.