Amega daily market overview & news alerts

[AmegaFX]

BRENT 12.05.2023

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 80.412-79.742 and it has a potential to reach the target zone №2 73.712-73.042. The best prices to try to have a short position are the control resistance zone 78.726-78.056. 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 78.726-78.056 (740 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 15.05.2023

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.09811-1.09599 and it is going to the target zone №2 1.11931-1.11719. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.08827-1.08615. 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 1.08827-1.08615 (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]

AUDUSD 16.05.2023

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.65574-0.65374 and it has a potential to reach the target zone №2 0.63574-0.63374. The best prices to try to have a short position are the control resistance zone 0.67839-0.67639. 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 0.67839-0.67639 (220 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 17.05.2023

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.35732-1.35493 and it is going to the target zone №2 1.38323-1.38075. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.34146-1.33912. 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 1.34146-1.33912 (275 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 18.05.2023

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.63091-0.62911 and it is going to the target zone №2 0.64891-0.64711. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.62039-0.61859. 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 0.62039-0.61859 (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]

GOLD 19.05.2023

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1954.99-1948.69 and it has a potential to reach the target zone №2 1891.99-1885.69. The best prices to try to have a short position are the control resistance zone 2021.26-2014.96. 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 2021.26-2014.96 (695 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 22.05.2023

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.27436-1.26988 and it is going to the target zone №2 1.31916-1.31468. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.22055-1.21607. 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 1.22055-1.21607 (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]

USDCHF 23.05.2023

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.87855-0.87578 and it has a potential to reach the target zone №2 0.85162-0.84901. The best prices to try to have a short position are the control resistance zone 0.91389-0.91089. 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 0.91389-0.91089 (320 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 24.05.2023

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 135.379-134.831 and it is going to the target zone №2 141.050-140.456. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 133.404-132.873. 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 133.404-132.873 (600 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 25.05.2023

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.08827-1.08615 and it has a potential to reach the target zone №2 1.06707-1.06495. The best prices to try to have a short position are the control resistance zone 1.09691-1.09479. 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 1.09691-1.09479 (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 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.