Amega Forex Analysis

[Amega]

EURUSD 25.10.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.16209-1.16121 and it is going to the target zone №2 1.17089-1.17001. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.15792-1.15704. 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 1.15792-1.15704 (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 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.

 

[Amega]

AUDUSD 26.10.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.74982-0.74902 and it is going to the target zone №2 0.75782-0.75702. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.74661-0.74581. 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 0.74661-0.74581 (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.

 

[Amega]

USDCHF 27.10.2021

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 0.92664-0.92552. 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 0.92664-0.92552 (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 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.

 

[Amega]

Watch out for the upcoming Bank of Canada Interest Rate Decision and its impact on USDCAD & other CAD pairs.

 

[Amega]

EURUSD 28.10.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.16209-1.16121 and it is going to the target zone №2 1.17089-1.17001. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.15792-1.15704. 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 1.15792-1.15704 (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 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.

 

[Amega]

Don’t miss out on the ECB Interest Rate Decision announcement and its impact on EURUSD & other EUR pairs.

 

[Amega]

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.

 

[Amega]

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.

 

[Amega]

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.

 

[Amega]

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

 

[Amega]

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.

 

[Amega]

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

 

[Amega]

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.

 

[Amega]

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

 

[Amega]

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.

 

[Amega]

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

 

[Kazumu Fukunaga]

Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction and every pair has its own chart and price pattern.

 

[Amega]

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.

 

[Amega]

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.

 

[Amega]

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.