Amega Forex Analysis

[Amega]

NZDUSD 08.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.67415-0.67320 and it has a potential to reach the target zone №2 0.66465-0.66370. The best prices to try to have a short position are the control resistance zone 0.68405-0.68310. 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 0.68405-0.68310 (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]

EURUSD 09.12.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.13242-1.13154 and it is going to the target zone №2 1.14122-1.14034. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.12667-1.12579. 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 1.12667-1.12579 (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]

GBPUSD 10.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.31458-1.31286 and it has a potential to reach the target zone №2 1.29738-1.29565. The best prices to try to have a short position are the control resistance zone 1.33591-1.33419. 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 1.33591-1.33419 (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.

 

[Amega]

Watch out for the upcoming US Core CPI index (YoY) announcement and how could it affect EURUSD and other USD pairs.

 

[Amega]

AUDUSD 13.12.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.71609-0.71529 and it is going to the target zone №2 0.72409-0.72329. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.71066-0.70986. 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 0.71066-0.70986 (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]

USDJPY 14.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 112.554-112.465 and it has a potential to reach the target zone №2 111.599-111.512. The best prices to try to have a short position are the control resistance zone 113.592-113.502. 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 113.592-113.502 (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 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]

NZDUSD 15.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.67415-0.67320 and it has a potential to reach the target zone №2 0.66465-0.66370. The best prices to try to have a short position are the control resistance zone 0.68405-0.68310. 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 0.68405-0.68310 (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]

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

 

[Amega]

EURUSD 16.12.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.13242-1.13154 and it is going to the target zone №2 1.14122-1.14034. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.12667-1.12579. 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 1.12667-1.12579 (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]

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

 

[Amega]

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

 

[Amega]

GBPUSD 17.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.31458-1.31286 and it has a potential to reach the target zone №2 1.29738-1.29565. The best prices to try to have a short position are the control resistance zone 1.33591-1.33419. 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 1.33591-1.33419 (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.

 

[Amega]

EURUSD 20.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.12721-1.12633 and it has a potential to reach the target zone №2 1.11841-1.11753. The best prices to try to have a short position are the control resistance zone 1.13316-1.13288. 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 1.13316-1.13288 (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]

USDJPY 21.12.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 113.592-113.502 and it is going to the target zone №2 114.805-114.687. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 113.096-112.981. 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 113.096-112.981 (130 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]

USDCAD 22.12.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.28966-1.28850 and it is going to the target zone №2 1.30209-1.30090. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.28405-1.28290. 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 1.28405-1.28290 (135 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 23.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.12721-1.12633 and it has a potential to reach the target zone №2 1.11841-1.11753. The best prices to try to have a short position are the control resistance zone 1.13316-1.13288. 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 1.13316-1.13288 (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 27.12.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.33623-1.33451 and it is going to the target zone №2 1.35343-1.35171. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.32655-1.32483. 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 1.32655-1.32483 (130 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 28.12.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.91471-0.91362 and it has a potential to reach the target zone №2 0.90380-0.90274. The best prices to try to have a short position are the control resistance zone 0.92810-0.92699. 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 0.92810-0.92699 (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]

USDJPY 29.12.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 114.805-114.687 and it is going to the target zone №2 116.018-115.897. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 113.757-113.641. 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 113.757-113.641 (130 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]

NZDUSD 30.12.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.68061-0.67966 and it is going to the target zone №2 0.69011-0.68916. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.67530-0.67435. 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 0.67530-0.67435 (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.