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[Week 12 - 2022] Trades Recap and Trade Setups

Updated: Sep 20

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:

(Credit: ForexFactory.com Time: +8 GMT)


Dollar Index (DXY)

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 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)

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

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

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


Trade Analysis / Setups


Dollar Index (Analysis 12-1)

Long opportunity: Long at market reopening towards 99.2842.



Corn - May Futures (Analysis 12-2)

Long opportunity: Break and retest confirmation at 758.5 region towards 791.


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



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