.png)
Hey Traders,
Last week, the rise in bond yield has investors concerned over the interest rate, causing the stock indices to suffer the longest losing streak this year. This coming week would be crucial on determining the sell off is turning into a reversal.
Dollar Index (DXY)
The dollar continues trading within the range. Breaking down below 90.06 could potentially see downside towards the lower area of the consolidation.
Spot Gold (XAU/USD)
The rise of yield has caused the gold price to fall and is testing the previous November low, potentially seeing more downside if the support level does not hold.
Trade Recap
AUD/USD (Exclusive Trade)
Recap (Week 6) Take Profit - 2 level
Recap (Week 7 - This Week) Take Profit - 5 level
Long position reached Take Profit - 5 level where we announced to close fully.
AUDUSD Overall
AUD/JPY (Exclusive Trade)
Recap (Week 6) Take Profit - 1 level
Recap (Week 7 - This Week) Take Profit - 3 level
Long position reached Take Profit - 3 level where we announced to close / partial.
AUD/NZD (Exclusive Trade)
Recap (Week 6) Take Profit - 2 level
Recap (Week 7 - This Week) Take Profit - 4 level
Long position reached Take Profit - 4 level where we announced to close fully.
AUD/NZD Overall
CAD/JPY (Exclusive Trade)
Recap (Week 6) Take Profit - 1 level
Recap (Week 7 - This Week) Take Profit - 3 level
Long at market position reached Take Profit 3 level where we announced to close / partial.
EUR/USD (Analaysis 6-2)
Recap (Week 6) Take Profit - 1 level
Recap (Week 7 - This Week) Take Profit - 2 level
Long position reached Take Profit 2 level where we announced to close / partial.
EUR/GBP (Analysis 7-1)
Recap (Week 7 - This Week) Take Profit - 1 level
Short position reached Take Profit - 1 level where we announced to close fully as price lies on key support level.
EUR/CAD (Analysis 7-2)
Recap (Week 7 - This Week) Take Profit - 1 level
Short position reached Take Profit - 1 level where we announced to close / partial / risk free.
GBP/AUD (Exclusive Trade)
Recap (Week 7 - This Week) Take Profit - 1 level
Long position reached Take Profit - 1 level where we announced to close / partial / risk free.
Sugar No.11 (Exclusive Trade)
Recap (Week 7 - This Week) Take Profit - 1 level
Long at market position reached Take Profit - 1 level where we announced to close fully.
Trade Analysis / Setups
AUD/USD (Analysis 8-1)
Long opportunity: Await retest confirmation at 0.78195 region towards 0.78657.
EUR/GBP (Analysis 8-2)
Long opportunity: Await for break and retest confirmation at 0.868 region towards 0.87335.
GBP/JPY (Analysis 8-3)
Short opportunity: Await for break and retest confirmation at 146.568 region towards 145.308.
Sugar No.11 Futures (Analysis 8-4)
Long opportunity: Await for retest confirmation at 17.2 region towards 17.89.
----------------------------------------------------------------------------------------
Great returns this week!
Cheers to the member who managed to pack some profits this trading week.
Join our telegram channel at: https://t.me/traineetraders
Instagram: https://www.instagram.com/traineetraders/
Facebook: https://www.facebook.com/traineetraders
Stay safe out there and safe trading!