Amega - Daily Technical Analysis

[AmegaFX]

Review EUR/JPY 12.04.2018

Fundamental analysis: for the second week in a row, this currency pair is powerfully going up, regularly updating daily highs. In General, the medium – term trend has been bullish since April 17, 2017. From the important news on the European Union today - ECB Monetary Policy Meeting Accounts.

Technical analysis: long-term bullish trend since 2012. Over the past few days, there have been false breakouts of the resistance level at 132.500. Now the price is again near this mark, we are waiting for the development of the situation-whether it is another false breakout or a true reversal of the price down.



Trading recommendations: long position – when a valid breakout of the level of 132.500, short position at the breakout of the two-day low at 131.461. The price for a long time without noticeable rollbacks goes up, you need to be ready for a sharp reversal.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

[AmegaFX]

Review NZD/USD 13.04.2018

Fundamental analysis: the current week for the New Zealand dollar was bullish, and the price continues to confidently break through the daily highs, striving for 0.74000. Today's news on USD - JOLTS Job Openings, Michigan Consumer Sentiment Index and FOMC Member Robert Steven Kaplan Speech - can significantly affect the course.

Technical analysis: the short-term bullish trend, which started on March 20 from 0.71516, continues. The medium - term trend is also bullish, starting in November 2017 from 0.67779-has not yet unfolded. On the H4 chart, the «Alligator» indicator that has «opened its mouth» upwards is clearly visible.



Trading recommendations: long-term trend of NZDUSD is bullish since 2009. Thus, we are dealing with a strong trading signal - unidirectional movement of three trends. Priority - long positions, if the movement continues above 0.74000. Cancel this script and switching to short positions in the breakdown of the level 0.73455.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

[AmegaFX]

Review EUR/USD 16.04.2018

Fundamental analysis: last week, the EURUSD was traded mixed. The third day in a row does not come out of the narrow price corridor 1.23000 – 1.23500, it is not typical for this highly volatile currency pair. This happens usually in front of a powerful trend. Today is full of important news in the United States - Retail Sales ex Autos; Retail Sales control group; Retail Sales, and FOMC Member Raphael W. Bostic speech.

Technical analysis: long-term trend - bearish since 2008. The price could not break the resistance level 1.24000. The «Alligator» indicator on H1 chart «closed its jaws» is a recommendation to fix the profit and be ready to change the trend.



Trading recommendations: due to the abundance of important news – the day is expected to be volatile, which means that there is a good opportunity to earn. We consider selling below 1.23000. At the breakout of the resistance at 1.24000.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

[AmegaFX]

Review EUR/JPY 18.04.2018

Fundamental analysis: the third week in a row, the EURJPY is up, updating the weekly and daily highs. For the whole year, from April 17, 2017, the medium – term trend is bullish. Of the important news on the European Union today - the Consumer Price Index and Consumer Price Index - Core.

Technical analysis: long-term bullish trend since 2012. It is not yet clear whether the resistance level at 132.500 is a true breakthrough. The H4 chart shows signs of a possible downtrend reversal: the bullish trend is no longer supported by volumes, the «Alligator» closes its mouth.



Trading recommendations: we need to let the situation prove itself. Long position – when a valid breakout of the level of 133.000, short position at the breakout of the two-day low at 132.090.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

[AmegaFX]

Review USD/JPY 20.04.2018

Fundamental analysis: observed short-term bullish trend since March 22, the upward movement from the "bottom" in the area 104.626. Today's news package on Japan - National Consumer Price Index -pushed market quotes up to 107.728. From the important news on the dollar today, the FOMC Member Williams speech.

Technical analysis: long-term bullish trend from 2012, which began at 76.073, is not unfolded. Since November 2017 yen in the medium-term bearish trend. In the H4 chart, we note that bullish trend is no longer supported by volumes.



Trading recommendations: special attention near the resistance level of 107.500 and on the news is likely to rebound after a false breakout. With a reliable movement down below 107.000 move to short positions.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

Source: Forex analysis from the broker AMEGA