TECHNICAL ANALYSIS BY AMEGA
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Technical analysis by AMEGA - Opinion

Review AUD/USD
14-08-2018, 04:35:09
Review date
test

Long-term trend: Bear

Medium-term trend: Bear

The bear market is continuing.  The price was fixed below the target zone №1 0.73277-0.73152 therefore the probability of reaching the target zone №2 0.72527-0.72465 is about 78%. Any price growth is considered like corrective. The best prices to try to have a short position are the control resistance zone 0.73250-0.73188. In case of the price is fixed upper the control resistance zone 0.73250-0.73188 the medium-term trend will be changed to the bull market and all short positions should be closed.

Trading recommendations:

It’s recommended to try to have a short position after any corrective movement with using the pattern «Head&Shoulders». The best prices to try to have a short position are the control resistance zone 0.73250-0.73188.

The control resistance zone  is constructed from the current minimum. If this minimum changes by n points the zones should also be shifted n points down. 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.

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EXCLUSIVE ANALYTICS
15-02-2019, 08:19:02
Review USD/CAD

It’s recommended to try to have a long position near the control resistance zone 1.32392-1.32287 (111 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

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