Amega daily market overview & news alerts

Amega

Master Trader
Jan 26, 2018
510
1
59
33
USDCAD 29.09.2022

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.38354-1.38125 and it is going to the target zone №2 1.40690-1.40453. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.36070-1.35848. 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.

usdcad-29-09-2022-jpg.134208


Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.36070-1.35848 (250 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

Master Trader
Jan 26, 2018
510
1
59
33
NZDUSD 30.09.2022

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.56279-0.56139 and it has a potential to reach the target zone №2 0.54879-0.54739. The best prices to try to have a short position are the control resistance zone 0.57186-0.57046. 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.

nzdusd-30-09-2022-jpg.134221


Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 0.57186-0.57046 (155 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.