Technical analysis by AMEGA - Opinion
Medium-term trend: Bullish
The bull market is continuing. The price has already reached the target zone №1 0.68595-0.68455 and it has been fixed upper the zone. The probability of reaching the target zone №2 0.69225-0.69155 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 0.68137-0.68067. 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.
It’s recommended to try to have a long position near the control resistance zone 0.68137-0.68067 (77 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.
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
All financial markets on one platform. Buy and sell in one click
100% deposit bonuses, competitions with real prizes
Unlimited profits. Complete transparency. Flexible offers. Security
Free deposits / withdrawals
Over 200 payment systems. Account currency of your choice
ECN trading accounts. Deposit from 0 USD. Flexible leverage
Services you can trust
Best prices from the world banks. Client's funds on separate accounts
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.