Amega daily market overview & news alerts

[AmegaFX]

USDCAD 29.09.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.38354-1.38125 and it is going to the target zone №2 1.40690-1.40453. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.36070-1.35848. 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 1.36070-1.35848 (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]

NZDUSD 30.09.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.56279-0.56139 and it has a potential to reach the target zone №2 0.54879-0.54739. The best prices to try to have a short position are the control resistance zone 0.57186-0.57046. 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 0.57186-0.57046 (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 03.10.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1674.68-1671.83 and it is going to the target zone №2 1703.18-1700.33. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1646.93-1644.08. 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 1646.93-1644.08 (315 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 04.10.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.63759-0.63579 and it has a potential to reach the target zone №2 0.61959-0.61779. The best prices to try to have a short position are the control resistance zone 0.65609-0.65429. 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 0.65609-0.65429 (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 05.10.2022

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 141.362-140.923. 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 141.362-140.923 (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.

 

[AmegaFX]

USDCAD 06.10.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.36116-1.35894 and it has a potential to reach the target zone №2 1.33928-1.33714. The best prices to try to have a short position are the control resistance zone 1.37478-1.37252. 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 1.37478-1.37252 (245 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 07.10.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.57186-0.57046 and it is going to the target zone №2 0.58586-0.58446. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.56733-0.56593. 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 0.56733-0.56593 (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]

EURUSD 10.10.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.97877-0.97771 and it has a potential to reach the target zone №2 0.96817-0.96711. The best prices to try to have a short position are the control resistance zone 0.98323-0.98217. 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 0.98323-0.98217 (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]

GBPUSD 11.10.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.14697-1.14337 and it is going to the target zone №2 1.18825-1.18417. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.10872-1.10464. 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 1.10872-1.10464 (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.

 

[AmegaFX]

USDCAD 13.10.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.37478-1.37252 and it is going to the target zone №2 1.39785-1.39550. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.36286-1.36064. 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 1.36286-1.36064 (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.