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Amega - Daily Technical Analysis

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Re: Amega - Daily Technical Analysis

Postby AmegaFX » Thu Jun 07, 2018 1:01 pm

Review NZD/USD 07.06.2018

Fundamental analysis: the short-term trend of the New Zealand dollar is now bullish, it seems that the medium-term bearish trend that began in April is slowly turning around. Of the important economic news in the US today - the Initial Jobless Claims.

Technical analysis: the long-term trend is bullish since 2009, perhaps, now we are seeing one of the best trading opportunities – when the short-term and medium-term trends return to the trend of the long-term. Just this week – about a dozen taps and false breakouts resistance level 0.70500. Usually after such a long "probing" level there are powerful price movements.

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Trading recommendations: priority to long positions, follow the bullish trend. Cancel this scenario and move to short positions – with a reliable breakout of the two-day low 0.69968.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

Source: Forex analysis from the broker AMEGA
AmegaFX
 
Posts: 58
Joined: Tue Feb 20, 2018 10:27 pm

Re: Amega - Daily Technical Analysis

Postby AmegaFX » Fri Jun 08, 2018 2:14 pm

Review USD/JPY 08.06.2018

Fundamental analysis: after a false breakout of the resistance level of 110.000 Japanese yen went down. Medium-term trend, the third month (since March) - bullish. Today's economic news on Japan - the Current Account n.s.a. - pushed the price down a little.

Technical analysis: long-term bullish trend from 2012, which began at 76.073, is not unfolded. Starting from November 2017, the yen is in a medium-term bearish trend. On the D1 chart, the Alligator's mouth closed at the end of May, and remains in this state until now. A reasonable solution would be to wait for the situation to develop, to recognize a reliable price movement - and follow it.

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Trading recommendations: while we follow a bullish trend, a long position in a valid breakout of the level of 110.000. When moving down below the two - day low by 109.000 - short positions.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

Source: Forex analysis from the broker AMEGA
AmegaFX
 
Posts: 58
Joined: Tue Feb 20, 2018 10:27 pm

Re: Amega - Daily Technical Analysis

Postby AmegaFX » Mon Jun 11, 2018 11:21 am

Review GOLD/USD 11.06.2018

Fundamental analysis: over the past five days we have seen five false breakouts of the intermediate resistance level at 1300.000 – this is called the "resistance zone", and in such cases there is often a breakthrough in the opposite direction (in our case – below 1290.000). You should be prepared for this scenario. There are no important economic news on the US today.

Technical analysis: the long-term bearish trend, which began in September 2011, is likely to slowly turn to a bullish one since the end of 2015. On the W1 chart, the Alligator's mouth, previously open up, is now looking down. Although the nervous political environment of recent times (in particular, the "summit of discord" of the G7 countries and the ongoing "trade wars") can make adjustments to this technical vision of the situation.

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Trading recommendations: the situation is not obvious, so without reliable trading signals it is better to refrain from entering the market. Short positions - below 1293.283, long positions - above the two-day high at 1303.076.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

Source: Forex analysis from the broker AMEGA
AmegaFX
 
Posts: 58
Joined: Tue Feb 20, 2018 10:27 pm

Re: Amega - Daily Technical Analysis

Postby AmegaFX » Mon Jun 11, 2018 1:37 pm

A comprehensive analysis of the USDCHF with 11.06.2018 for 15.06.2018

In our comprehensive weekly review, we will consider the main fundamental and technical factors that will affect the USDCHF currency pair, as well as possible options for the development of the market situation.
Last week, from 4 to 8 June, the Swiss franc was trading in different directions, in a narrow price range 0.98000-0.99000:

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Held in Switzerland on June 10, the referendum rejected the initiative "Live money" (75.7% of the vote against 24.3%), however, a significant impact on the market price this event has not had. This week, the FED will announce its decision on the interest rate, which most often causes significant volatility.

Technical analysis
The long-term trend of USDCHF has been bearish for 18 years, since 2000. There are some signs of a possible reversal, since 2011 from 0.70157 the price slowly rises. The medium-term bullish trend from February 2018 May be changing the long-term trend, turning from bearish to bullish. Consider the continuation of the medium-term bullish trend as the most likely forecast.

Option № 1 - continuation of the bullish trend
On the chart D1 there is a bearish correction of the bullish trend, down after a false breakout of an important psychological level 1.00000. In such a situation, it is psychologically more comfortable to play on the rollback, taking 1.05000 for the "top". However, the trend is more likely to continue than turn around, and a reliable reversal of the bullish trend can not be considered yet. Long positions can be considered when the price moves above 0.99000.

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Option № 2 - turn to bearish trend
On the H4 chart, the short-term bearish trend that has been lasting since mid-may is clearly seen, the price consistently updates the daily and weekly lows. Time will show whether it is a reliable reversal or just a correction. While the situation is not obvious, the Alligator lines are intertwined. Short positions are possible with a true breakout of 0.98000.

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Option № 3 - side price movement
The least likely option, however, if there are no strong buy (sell) trading signals – we remain outside the market, waiting for the right moment.

Fundamental analysis
The most significant events of the weekly economic calendar:
Tuesday 12 June
• Consumer Price Index Ex Food & Energy (USA)
Wednesday 13 June
• FOMC Economic Projections
• Fed's Powell Speech
• Fed's Monetary Policy Statement
• Fed Interest Rate Decision
• FOMC Press conference
Thursday 14 June
• Swiss National Bank press conference
• Retail Sales control group (USA)
• Retail Sales (USA)
• Retail Sales ex Autos (USA)
• Initial Jobless Claims (USA)
Friday 15 June
• Michigan Consumer Sentiment Index (USA)

Before this news, be prepared for powerful price fluctuations. Follow our daily analytical reviews.

Sincerely yours, Sergey Ryazantsev - financial analyst of AMEGA brokerage company
AmegaFX
 
Posts: 58
Joined: Tue Feb 20, 2018 10:27 pm

Re: Amega - Daily Technical Analysis

Postby AmegaFX » Tue Jun 12, 2018 12:14 pm

Review USD/CHF 12.06.2018

Fundamental analysis: the medium-term bullish trend of the Swiss franc seems to be slowly unfolding before our eyes, prices consistently update daily and weekly lows. Today, the consumer price index excluding food and energy products is one of the most important news in the US.

Technical analysis: the long-term trend has been bearish for 18 years (since 2000). Let's pay attention to the D1 chart – the Alligator's mouth opened down again after the lines intertwined. In addition, most fractals are below the red line – a signal for sales.

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Trading recommendations: we follow the short-term bear trend. Short positions - below 0.98000, long positions - when securing the price above 0.99000.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

Source: Forex analysis from the broker AMEGA
AmegaFX
 
Posts: 58
Joined: Tue Feb 20, 2018 10:27 pm

Re: Amega - Daily Technical Analysis

Postby AmegaFX » Wed Jun 13, 2018 11:27 am

Review AUD/USD 13.06.2018

Fundamental analysis: it seems that the short-term bullish trend that has been lasting for the last few weeks is slowly returning to the medium-term bearish trend. The main economic news today is the decision of the FED interest rate, this event is often accompanied by abnormal volatility, and need to be ready for it. Today's speech by the head of the Reserve Bank of Australia Philip Lowe did not have a significant impact on the price.

Technical analysis: the long-term trend since 2011 is also bearish, so we are dealing with a fairly rare and strong trading signal – the coincidence of three trends. On the H1 chart, the Alligator's mouth is revealed downwards, in addition, fractals (both bullish and bearish) are below the red line – a signal for sales.

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Trading recommendations: follow the bear trend. Short positions below 0.75500, cancel this script and switching to long positions - with the breakdown of the two-day high at 0.76232.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

Source: Forex analysis from the broker AMEGA
AmegaFX
 
Posts: 58
Joined: Tue Feb 20, 2018 10:27 pm

Re: Amega - Daily Technical Analysis

Postby AmegaFX » Thu Jun 14, 2018 1:31 pm

Review USD/JPY 14.06.2018

Fundamental analysis: after a false breakout of the resistance level of 110.500, the Japanese yen slightly went down. Medium – term trend, the third month (since March) - bullish. Today's economic news in the US are retail sales and the "Retail control group".

Technical analysis: long-term bullish trend from 2012, which began at 76.073, is not unfolded. Since November 2017, the yen has been in a medium-term bearish trend. On the D1 chart, the Alligator's mouth is closed, fractals are both above and below the red line – the situation is uncertain. We need to wait for the situation to develop, to recognize a reliable price movement - and then follow it.

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Trading recommendations: while we follow the bullish trend, which has not yet turned around reliably. Long positions above the level 110.843. If you go down, below $ 109.500 - short positions.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

Source: Forex analysis from the broker AMEGA
AmegaFX
 
Posts: 58
Joined: Tue Feb 20, 2018 10:27 pm

Re: Amega - Daily Technical Analysis

Postby AmegaFX » Fri Jun 15, 2018 10:40 am

Review EUR/JPY 15.06.2018

Fundamental analysis: yesterday's collapse of the Euro by more than 200 points while continuing, prices are now at monthly lows, and it seems that this is not the limit. The data on consumer price indices are the most important news on the European Union today.

Technical analysis: for almost two years, since June 2016, the medium - term trend is bullish, and it has not yet turned around. The long-term trend is also bullish since 2012. On the H1 chart, the Alligator's mouth is open downwards, fractals are below the red line - this is a signal for sales. Let's pay attention to the angle of bearish trend – it's a sharp angle, almost vertical, which indicates the strength of the trend.

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Trading recommendations: the trend will continue rather than unfold, because we follow the bearish trend. Short positions - below 127.694, cancellation of this scenario and long positions - above 130.338.

Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA

Source: Forex analysis from the broker AMEGA
AmegaFX
 
Posts: 58
Joined: Tue Feb 20, 2018 10:27 pm

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