TECHNICAL ANALYSIS BY AMEGA
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Technical analysis by AMEGA - Opinion

Review USD/CAD
02-11-2018, 06:10:10
Review date
test

Medium-term trend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.31296-1.31106 and it has been fixed upper the zone. The probability of reaching the target zone №2 1.32198-1.32093 is about 70%. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.30717-1.30614. 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.

Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.30717-1.30614 (108 points from current maximum) 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.

Target zone:

Internal border – Maintenance margin size in points

External border – Initial margin in points

 

Control resistance zone ­­– the half from the target zone

Resistance zone – the quarter of the target zone

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EXCLUSIVE ANALYTICS
18-12-2018, 06:58:46
Review USD/CHF

It’s recommended to try to have a long position near the control resistance zone №2 0.98865-0.98767 (112 points from current maximum) with using the pattern «Head&Shoulders» at least on timeframe M15.

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