Amega daily market overview & news alerts

[AmegaFX]

USDCAD 01.09.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.31807-131703 and it is going to the target zone №2 1.32964-1.32858. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.30532-1.30430. 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 1.30532-1.30430 (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 02.09.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.60479-0.60339 and it has a potential to reach the target zone №2 0.59079-0.58939. The best prices to try to have a short position are the control resistance zone 0.62137-0.61997. 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 0.62137-0.61997 (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 05.09.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1710.34-1707.09 and it has a potential to reach the target zone №2 1677.84-1674.34. The best prices to try to have a short position are the control resistance zone 1724.59-1721.34. 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 1724.59-1721.34 (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 06.09.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.68280-0.68180 and it has a potential to reach the target zone №2 0.67280-0.67180. The best prices to try to have a short position are the control resistance zone 0.68826-0.68726. 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 0.68826-0.68726 (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 07.09.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.97848-0.97714 and it is going to the target zone №2 0.99266-0.99128. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.97269-0.97136. 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 0.97269-0.97136 (150 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 08.09.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.31807-131703 and it is going to the target zone №2 1.32964-1.32858. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.30945-1.30843. 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 1.30945-1.30843 (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 09.09.2022

Medium-termtrend: Bullish

The bear market is continuing. The price has already reached the target zone №1 0.60479-0.60339 and it has a potential to reach the target zone №2 0.59079-0.58939. The best prices to try to have a short position are the control resistance zone 0.61498-0.61358. 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 0.61498-0.61358 (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 12.09.2022

Medium-termtrend: Bullish

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 1.00970-1.00758. 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 1.00970-1.00758 (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 13.09.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.16027-1.15847 and it is going to the target zone №2 1.17827-1.17647. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.15301-1.15121. 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 1.15301-1.15121 (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 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]

USDJPY 14.09.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 143.118-142.669 and it is going to the target zone №2 147.771-147.292. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 140.224-139.792. 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 140.224-139.792 (490 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.