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Amega - Daily Technical Analysis

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Re: Amega - Daily Technical Analysis

Postby AmegaFX » Mon May 14, 2018 2:44 pm

Review EUR/USD 14.05.2018

Fundamental analysis: the third day in a row, EURUSD breaks daily highs. Obviously, after almost a month of pronounced bearish trend, which returned prices to the level of December 2017, there was a correction. Today's FOMC Member Loretta J. Mester speech, pushed prices upwards. Then, during the day, we expect the ECB representatives, who are also able to influence the price.

Technical analysis: long - term trend-bearish since 2008. The «Alligator» indicator on H1 chart opened its fall upwards, but the volumes do not support the price – a reversal is possible.

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Trading recommendations: medium term (February 2018), the bullish trend significantly reversed, it is likely that we are dealing with correction. Therefore, the priority is to continue the bearish trend. Short positions below 1.19500, cancel this script and switching to long positions above 1.20000.


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 » Tue May 15, 2018 2:08 pm

Review GBP/USD 15.05.2018

Fundamental analysis: starting from May 3, GBPUSD is trading in a narrow price range from 1.35000 to 1.36000, with short-term false breakouts. Bearish trend continues for the last month. Today from the important news from England: average wages excluding bonuses, average wages including bonuses. From the US – data on retail sales and the speech of the representative of the FED Williams.

Technical analysis: the long-term bearish trend has been going on since 2008. An interesting technical picture is formed on the H1 chart: for the second week "Alligator" with closed jaws. This happens before the powerful price movements.

Image

Trading recommendations: follow bearish trend to its reliable reversal. When the price moves below 1.35000-sales, above the three - day high of 1.36182-purchase.


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 » Tue May 15, 2018 2:40 pm

Comprehensive overview of AUD/USD with 14.05.2018 for 18.05.2018

This weekly review will examine the main fundamental and technical factors affecting the AUDUSD exchange rate and provide brief trade recommendations.
In the previous week, from 7 to 11 may, AUDUSD traded mixed, short-term bearish trend was replaced by bullish:

Image

On the H1 chart, the alligator indicator closed its jaws, in such cases it is recommended to fix the profit and prepare for a trend change.

Technical analysis
Long-term trend for AUDUSD since 2011 - bearish, prices move down from the top 1.10869. Medium - term trend-bullish, since 2016 the price goes up from 0.68121. After a false breakout of the support level at 0.74500, the price goes up.

Option # 1 – the continuation of the bullish trend
Short-term bullish trend, confirmation-on the H4 chart the fall of the "Alligator" is opened up:

Image

After a long enough strengthening of the US dollar, now there is a correction. Time will tell how long it will last.

Option # 2-bearish trend
Do not forget that for four months in a row the price updates monthly lows, stopping at 0.74084:

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"The trend is likely to continue, than reverse direction," - that you should always remember watching the kickbacks.

Option # 3-flat
We do not exclude this option, if there are no trade signals confirming each other for the purchase (sale) – we will remain out of the market.

Fundamental analysis
Significant events of the weekly economic calendar:

Monday 14 May
• FOMC Member Mester speech
Tuesday 15 May
• RBA Meeting's Minutes
• FOMC Members Kaplan and Williams Speech
• Retail Sales ex Autos (USA)
• Retail Sales control group (USA)
• Retail Sales (USA)
Wednesday 16 May
• Building Permits (USA)
• Building Permits Change (USA)
• FOMC Member Bostic speech
Thursday 17 May
• Unemployment Rate s.a. (Australia)
• Employment Change s.a. (Australia)
• Initial Jobless Claims (USA)
• FOMC Members Kaplan and Kashkari Speech
Friday 18 May
• FOMC Members Mester, Kaplan, and Brainard Speech

Before the news – be prepared for powerful price fluctuations. Follow our daily analytical reviews.

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

Re: Amega - Daily Technical Analysis

Postby AmegaFX » Wed May 16, 2018 11:57 am

Review USD/JPY 16.05.2018

Fundamental analysis: this week, a powerful bullish trend USD/JPY, which started at the end of March, in General, continued to break through the daily highs. Resistance level 110.000 broken. From the news on the US today, we will pay attention to the Building Permits, Building Permits Change and FOMC Member Bostic speech.

Technical analysis: long-term bullish trend from 2012, which began at 76.073, is not unfolded. Since November 2017, the yen has been in the medium-term bearish trend, and it is not clear whether the short – term bullish trend that began on March 26 is a correction or a reversal. On two charts - H4 and D 1 - the alligator's jaws are open up, confirming the bullish trend.

Image

Trading recommendations: long positions at a reliable level breakdown of 110.500. When moving down below the two - day low by 109.201- 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 » Thu May 17, 2018 1:19 pm

Review AUD/USD 17.05.2018

Fundamental analysis: the Australian dollar since January this year is in a bearish trend, the price consistently updates monthly lows for the fourth month in a row. Among the important news in Australia today - the unemployment rate and employment rate$ in the United States - the initial applications for unemployment benefits and speeches of FED Kaplan and Kashkari.

Technical analysis: the long-term trend since 2011 is bearish. On the D1 chart, the «Alligator» confidently opened its fall down. However, on H1 the technical picture is somewhat different, AUDUSD is trading in a rather narrow price range from 0.74500 to 0.75500, with numerous false breakouts – near these levels require increased attention.

Image

Trading recommendations: the priority is to continue the bearish trend, short positions are considered when the price moves below 0.74500. Cancel this scenario, move to long positions when the two-day high breaks by 0.75649.


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 May 21, 2018 12:31 pm

Review EURUSD 21.05.2018

Fundamental analysis: the last two months for EURUSD can be called "bear Eldorado", such pronounced trends, almost without kickbacks, are not often. Prices are now at semi-annual lows, level-November-December 2017. From the news on the US today-the speech of FED representatives Bostich and Harker.

Technical analysis: the long - term trend is bearish since 2008. On three charts-H1, H4 and D1 – the Alligator's mouth is opened downwards. In addition, fractals are below the red line – this is a confirmation signal to sell.

Image

Trading recommendations: the medium-term bullish (since February 2018) trend has obviously turned around, so we are dealing with a rare and strong trading signal – the coincidence of three trends (short-term, medium-term and long-term). Priority to continue the bear market. Short positions-below 1.17200, cancellation of this scenario and transition to long positions - above the two-day high of 1.18380.


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 » Tue May 22, 2018 2:44 pm

Review GBP/USD 22.05.2018

Fundamental analysis: bearish trend for GBPUSD continues, prices broke out of the narrow price range 1.35000 - 1.36000, and again went down. The short-term trend is bearish since April 17. Today from important news on England: speech by the head of the Bank of England Mark Carney and hearing the inflation report.

Technical analysis: the long-term bearish trend has been lasting since 2008. On the D1 chart, the Alligator's mouth is open downwards, in addition, three lower fractals in a row are located below the red line – this is confirmed by a bearish trend.

Image

Trading recommendations: follow the bear trend. When the price moves below yesterday's low of 1.33903 - sales, above the two-day high of 1.35279 - purchase.


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 May 23, 2018 1:54 pm

Review AUD/USD 23.05.2018

Fundamental analysis: after a short-term bullish trend in the last three weeks, the Australian dollar seems to be returning to the medium-term bearish trend. Among the important news about Australia today - RBA's Governor Philip Lowe Speech, the US - the New Home Sales, FOMC Minutes and FOMC Member Kashkari Speech.

Technical analysis: the long-term trend since 2011 is bearish. On the D1 chart fractals are below the red line "Alligator" - a signal for sales. Confirmation of this is found on H1, the fall of the "Alligator" is revealed down, the price bounced off the resistance level 0.76000 and goes down.

Image

Trading recommendations: the priority is to continue the bearish trend. Cancel this scenario, move to long positions when the two-day high breaks by 0.76047.


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 May 24, 2018 2:37 pm

Review EUR/JPY 24.05.2018

Fundamental analysis: currently, EURJPY is in a short-term bearish trend. We should also note that for almost two years, since June 2016, the medium-term trend is also bullish, and it has not yet turned around. Important news on the EU today - information about the ECB meeting on monetary policy.

Technical analysis
: the long-term trend is bullish since 2012. On the H4 chart, we see the fall of the "Alligator" is open down, we also pay attention to the sharp angle of the trend line – the price goes down almost steeply – this is an indicator of the strength of the bearish trend. On the H1 chart, both bullish and bearish fractals are below the red line-this is also a signal for sales.

Image

Trading recommendations: we follow the bearish trend, not forgetting that it can turn around at any time, the medium-term and short-term trend is still bullish. Long positions above the two-day high fixation rates by level 131.342.


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 May 25, 2018 1:42 pm

Review USDCAD 25.05.2018

Fundamental analysis: USD/CAD has been in a short-term bullish trend for more than a month (since April 17). The medium-term trend, which began in September 2017, is also bullish. Today, the important news of the United States – Durable Goods Orders, Michigan Consumer Sentiment Index and Fed's Powell Speech.

Technical analysis: on the H4 chart, the Alligator's mouth is open up, in addition, the last four fractals (two bullish and two bearish) are above the red line – this is a signal to buy.

Image

Trading recommendations: the priority is to continue the bullish trend, long positions - when the price moves above 1.29500, short positions below the two-day low at 1.28109.


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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