Amega daily market overview & news alerts

[AmegaFX]

NZDUSD 14.10.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.55333-0.55193 and it has a potential to reach the target zone №2 0.53933-0.53793. The best prices to try to have a short position are the control resistance zone 0.56654-0.56514. 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 0.56654-0.56514 (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 17.10.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.97482-0.96920 and it is going to the target zone №2 0.98542-0.98436. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.97026-0.96920. 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 0.97026-0.96920 (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 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 18.10.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.61959-0.61779 and it has a potential to reach the target zone №2 0.60159-0.59979. The best prices to try to have a short position are the control resistance zone 0.63680-0.63500. 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 0.63680-0.63500 (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]

USDCHF 19.10.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.00643-1.00350 and it is going to the target zone №2 1.03690-1.03379. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.97786-0.97509. 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 0.97786-0.97509 (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]

USDCAD 20.10.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.39785-1.39550 and it is going to the target zone №2 1.42169-1.41927. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.37469-1.37243. 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 1.37469-1.37243 (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 21.10.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.56654-0.56514 and it is going to the target zone №2 0.58054-0.57914. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.56013-0.55873. 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 0.56013-0.55873 (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 24.10.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.98542-0.98436 and it is going to the target zone №2 0.99602-0.99496. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.97929-0.97823. 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 0.97929-0.97823 (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 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 25.10.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.13509-1.13305 and it is going to the target zone №2 1.15549-1.15345. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.12352-1.12148. 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 1.12352-1.12148 (225 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 26.10.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 152.736-152.225 and it is going to the target zone №2 158.047-157.500. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 147.026-146.552. 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 147.026-146.552 (540 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 27.10.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.35238-1.35019 and it has a potential to reach the target zone №2 1.33078-1.32866. The best prices to try to have a short position are the control resistance zone 1.37528-1.37302. 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 1.37528-1.37302 (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.