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[Week 10 - 2022] Trades Recap and Trade Setups

Updated: Mar 27, 2023

Hey Traders,


Commodities such as Gold, Oil and Softs etc. continues to push upwards from the uncertainty surrounding the market. The US indices was down for the week but was still up from the recent low. Situation between Russia and Ukraine remains unsettling and traders should watch out for any major development.


Upcoming Economic Release:

Weekly Economic Calendar for Week 10
Credit: ForexFactory.com Time: +8 GMT

Dollar Index (DXY)

Dollar breaks out of range

Safe haven like the Dollar continues to push upwards. The Dollar broke out of the short term resistance of 96.91 and broke out of the range. Expect some light retracement before the continuation and we could potentially see a rise towards 100 for the Dollar Index.



Spot Gold (XAU/USD)

Gold trades back to recent high

Despite the pin bar that we observed last week. Gold continue to push towards the upside, while respecting the steep short term ascending trend line and closed the week near the high of the previous week.


Trade Recap


Dollar Index (Analysis 8-1)

DXY Analysis

Recap (Week 08 - 2 Weeks Ago) Take Profit - 3

DXY reached Take Profit (3) level

Recap (Week 09 - Last Week) Take Profit - 5

DXY reached Take Profit (5) level

Long at market position reached Take Profit - 5 level where we announced to close fully.


Corn Futures - Front Month (Analysis 6-3)

Corn Futures Analysis

Recap (Week 08 - 2 Weeks Ago) Take Profit - 4

Corn Futures reached Take Profit (4) level

Recap (Week 09 - Last Week) Take Profit - 5

Corn Futures reached Take Profit (5) level

Long position reached Take Profit - 5 level where we announced to close fully.



Trade Analysis / Setups


AUD/JPY (Analysis 10-1)

AUDJPY Analysis

Long opportunity: Break and retest confirmation at 85.15 region towards 86.06 as Take Profit - 1 level.


Short opportunity: Break and retest confirmation at 84.285 region towards 83.73 as Take Profit - 1 level.



NZD/CAD (Analysis 10-2)

NZDCAD Analysis

Short opportunity: At market reopens as High Risk trade towards 0.87050 as Take Profit - 1 level.


 

Cheers to all our member who managed to pack some profits this trading week.


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Stay safe out there and safe trading!

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