Amega daily market overview & news alerts

[AmegaFX]

GOLD 06.07.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1782.39-1775.19 and it has a potential to reach the target zone №2 1710.39-1703.19. The best prices to try to have a short position are the control resistance zone 1842.99-1835.79. 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 1842.99-1835.79 (790 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 07.07.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.21102-1.20806 and it has a potential to reach the target zone №2 1.17822-1.17494. The best prices to try to have a short position are the control resistance zone 1.22364-1.22036. 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 1.22364-1.22036 (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]

USDCHF 08.07.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.96019-0.95808 and it has a potential to reach the target zone №2 0.93927-0.93724. The best prices to try to have a short position are the control resistance zone 0.97307-0.97090. 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 0.97307-0.97090 (240 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 11.07.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 137.078-136.891 and it is going to the target zone №2 138.984-138.791. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 135.150-134.968. 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 135.150-134.968 (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]

NZDUSD 12.07.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.61436-0.61296 and it has a potential to reach the target zone №2 0.60036-0.59896. The best prices to try to have a short position are the control resistance zone 0.62504-0.62364. 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 0.62504-0.62364 (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 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]

BRENT 13.07.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 96.368-95.498 and it has a potential to reach the target zone №2 87.668-86.798. The best prices to try to have a short position are the control resistance zone 105.946-105.076. 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 105.946-105.076 (950 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 14.07.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.00057-1.99865 and it has a potential to reach the target zone №2 0.98137-0.97945. The best prices to try to have a short position are the control resistance zone 1.02109-1.01917. 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 1.02109-1.01917 (210 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 15.07.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.97307-0.97090 and it is going to the target zone №2 0.99555-0.99327. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.96641-0.96426. 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 0.96641-0.96426 (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 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 18.07.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 138.984-138.791 and it is going to the target zone №2 140.943-140.744. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 137.472-137.283. 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 137.472-137.283 (210 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 19.07.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.61436-0.61296 and it has a potential to reach the target zone №2 0.60036-0.59896. The best prices to try to have a short position are the control resistance zone 0.62140-0.62000. 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 0.62140-0.62000 (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 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.