Amega daily market overview & news alerts

[AmegaFX]

GBPUSD 17.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.39330-1.39158 and it is going to the target zone №2 1.41050-1.40878. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.38111-1.37939. 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 1.38111-1.37939 (190 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.

 

[davtrent55]

Have to agree...

 

[AmegaFX]

Watch out for the upcoming New Zealand Interest Rate Decision announcement and how could it affect NZDUSD pair.

 

[AmegaFX]

NZDUSD overview 17.08.2021

NZDUSD crushes on new covid-19 cases.

NZDUSD falling strongly today under the effect of the powerful bearish new Zeeland dollar sentiment – as the markets are reacting to the latest report showing that the country identified its first COVID-19 case since February, prompting the government to announce new short-term lockdown measures. NZD fell sharply as the result, extending losses around 0630 GMT when Prime Minister Jacinda Arden said that Auckland – where the case was reported – would go into lockdown for seven days, while New Zealand as a whole will have the toughest level of lockdown for three days. This is hurting the prospects of the imminent rate hike announced earlier by the central bank. The pair is also driven down by moderate USD bullishness on risk-averse sentiment as Asian shares were rattled by concerns about China’s plans to regulate the internet sector.

Expect sellers on upward corrections.

Next support to watch – 0.6881

 

[AmegaFX]

AUDUSD 18.08.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.72665-0.72586 and it has a potential to reach the target zone №2 0.71865-0.71785. The best prices to try to have a short position are the control resistan

Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 0.73255-0.73175 (90 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 19.08.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.16446-1.16358 and it has a potential to reach the target zone №2 1.15566-1.15478. The best prices to try to have a short position are the control resistance zone 1.17625-1.17537. 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 1.17625-1.17537 (100 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 20.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.27889-1.27709 and it is going to the target zone №2 1.29713-1.29529. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.26846-1.26669. 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 1.26846-1.26669 (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 23.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1779.73-1775.23 and it is going to the target zone №2 1824.73-1820.23. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1750.51-1746.01. 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 1750.51-1746.01 (500 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 24.08.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.36391-1.36219 and it has a potential to reach the target zone №2 1.34671-1.34499. The best prices to try to have a short position are the control resistance zone 1.37910-1.37738. 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 1.37910-1.37738 (190 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 25.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.72738-0.72658 and it is going to the target zone №2 0.73538-0.73458. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.71908-0.71828. 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 0.71908-0.71828 (90 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.