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[Week 12 - 2022] Trades Recap and Trade Setups

Updated: Mar 27, 2023

Hey Traders,


The FOMC rate hike with a expected 50bps increase but market shrugged off the market expectation. The market will be keeping their eyes on the talks that is lined up next week.


Upcoming Economic Release:

Weekly Economic Calendar for Week 12
Credit: ForexFactory.com Time: +8 GMT

Dollar Index (DXY)

Dollar stays above key support region

The Dollar Index fell back towards to support at the 97.8 region earlier on the week but recovered a portion of the move ending off the week. The bias for the Dollar remains bullish unless the support at 97.8 region is broken.



Spot Gold (XAU/USD)

Gold reverses from minor resistance

Gold strong momentum met with a decline throughout last week. Price potentially can towards the 1888 support region and if broken could signal more momentum towards the downside.



Trade Recap


NZD/CAD (Analysis 10-2)

NZDCAD Analysis

Recap (Week 10 - Two Week Ago) Take Profit - 2

NZDCAD reached Take Profit (2) level

Recap (Week 11 - Last Week) Take Profit - 3

NZDCAD reached Take Profit (3) level

Short at market reopening reached Take Profit - 3 level where we announced to close fully.


Trade Analysis / Setups


Dollar Index (Analysis 12-1)

Dollar Index Analysis

Long opportunity: Long at market reopening towards 99.2842 as Take Profit - 1 level.



Corn - May Futures (Analysis 12-2)

Corn Futures Analysis

Long opportunity: Break and retest confirmation at 758.5 region towards 791 as Take Profit - 1 level.


Short opportunity: Break and retest confirmation at 730.25 region towards 701.5 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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