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AMEGA - daily technical analysis

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  • #31
    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.



    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

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    • #32
      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.



      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

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