Amega daily market overview & news alerts

[Amega]

USDCAD 12.07.2023

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.31909-1.31700 and it has a potential to reach the target zone №2 1.29769-1.29568. The best prices to try to have a short position are the control resistance zone 1.33565-1.33351. 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 1.33565-1.33351 (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.

 

[Amega]

NZDUSD 13.07.2023

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.63625-0.63445 and it is going to the target zone №2 0.65425-0.65245. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.61513-0.61333. In case of the

Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 0.61513-0.61333 (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.

 

[Amega]

BRENT 14.07.2023

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 80.412-79.742 and it has a potential to reach the target zone №2 73.712-73.042. The best prices to try to have a short position are the control resistance zone 78.726-78.056. 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 78.726-78.056 (740 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.