official Amega daily market overview & news alerts

AmegaFX · October 29, 2021

NZDUSD 29.10.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.71534-0.71439 and it is going to the target zone №2 0.72484-0.72389. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.71215-0.71120. 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 0.71215-0.71120 (105 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.

broforex51 · October 31, 2021

https://charts.mql5.com/30/496/audchf-h1-fullerton-markets-inc.png

AUDCHF as we see here, the price is going sideways, so it is good for you if you use your trapping strategy to gain some profit, you can open sell position when the price bouncing at middle area 0.68873 with potential target up to 0.68594

AmegaFX · November 1, 2021

EURUSD 01.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.16040-1.15952 and it has a potential to reach the target zone №2 1.15160-1.15072. The best prices to try to have a short position are the control resistance zone 1.16318-1.16230. 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 1.16318-1.16230 (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 · November 2, 2021

GBPUSD 02.11.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.37723-1.37551 and it is going to the target zone №2 1.39443-1.39271. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.36618-1.36446. 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 1.36618-1.36446 (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.

AmegaFX · November 2, 2021

Watch out for the upcoming New Zealand Employment change announcement and how could it affect NZD/USD & other NZD pairs.

AmegaFX · November 3, 2021

USDCHF 03.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.91421-0.91313 and it has a potential to reach the target zone №2 0.90331-0.90225. The best prices to try to have a short position are the control resistance zone 0.92059-0.91949. 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 0.92059-0.91949 (120 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 · November 3, 2021

Don’t miss out on the upcoming FED Interest Rate Decision announcement and its impact on forex, metals, indices and other instruments.

AmegaFX · November 4, 2021

EURUSD 04.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.16040-1.15952 and it has a potential to reach the target zone №2 1.15160-1.15072. The best prices to try to have a short position are the control resistance zone 1.16318-1.16230. 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 1.16318-1.16230 (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 · November 4, 2021

Watch out for the upcoming Bank of England (BoE) Interest Rate Decision announcement and its impact on GBPUSD & other GBP pairs.

AmegaFX · November 5, 2021

USDCAD 05.11.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.24116-1.24009 and it is going to the target zone №2 1.25267-1.25158. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.23574-1.23467. 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 1.23574-1.23467 (125 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 · November 5, 2021

Don’t miss the upcoming US Nonfarm Payrolls announcement as it is likely to cause financial market volatility.

AmegaFX · November 8, 2021

EURUSD 08.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.15160-1.15072 and it has a potential to reach the target zone №2 1.14280-1.14192. The best prices to try to have a short position are the control resistance zone 1.16099-1.16011. 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 1.16099-1.16011 (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 · November 9, 2021

GOLD 09.11.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1808.24-1804.12 and it is going to the target zone №2 1845.37-1841.62. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1788.97-1785.22. 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 1788.97-1785.22 (410 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 · November 10, 2021

GBPUSD 10.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.34898-1.34726 and it has a potential to reach the target zone №2 1.33178-1.33006. The best prices to try to have a short position are the control resistance zone 1.36134-1.35962. 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 1.36134-1.35962 (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 · November 11, 2021

USDCHF 11.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.91421-0.91313 and it has a potential to reach the target zone №2 0.90331-0.90225. The best prices to try to have a short position are the control resistance zone 0.92059-0.91949. 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 0.92059-0.91949 (120 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 · November 12, 2021

USDJPY 12.11.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 113.789-113.698 and it is going to the target zone №2 114.781-114.689. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 113.316-113.226. 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 113.316-113.226 (105 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 · November 15, 2021

NZDUSD 15.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.70265-0.70170 and it has a potential to reach the target zone №2 0.69315-0.69220. The best prices to try to have a short position are the control resistance zone 0.71006-0.70911. 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 0.71006-0.70911 (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 · November 16, 2021

BRENT 16.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 79.861-79.611 and it has a potential to reach the target zone №2 77.361-77.111. The best prices to try to have a short position are the control resistance zone 82.802-82.552. 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 82.802-82.552 (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 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 · November 16, 2021

Will Retail sales boost US Dollar? Follow up on the upcoming announcement.

AmegaFX · November 17, 2021

GBPUSD 17.11.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.34898-1.34726 and it has a potential to reach the target zone №2 1.33178-1.33006. The best prices to try to have a short position are the control resistance zone 1.35421-1.35249. 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 1.35421-1.35249 (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.