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Hey Traders,
The stock market has shrugged the rise of the dollar and the interest with the S&P500 breaking new highs (more than 4000!). Non-farm payroll result is better than expected boosting everything else as well. Key things to look out for this week would be Powell's speech and the US unemployment rate on the later of the week.
Dollar Index (DXY)
The dollar continues it's ascend potentially reaching the next resistance area at 94.0 region.
Spot Gold (XAU/USD)
Gold rejected the minor support region formed early March at 1680 region and broke the descending trend line. Short term bullishness to wards 1765 region. A break of the 1680 could signal a deeper dive.
Trade Recap
NZD/JPY (Exclusive Trade)
Recap (Week 12 - 2 Weeks Ago) Take Profit - 1 level
Recap (Week 13 - Last Week) Take Profit - 4 level
Long position reached Take Profit - 4 level where we announced to close / partial.
Corn Futures (Exclusive Trade)
Recap (Week 13 - Last Week) Take Profit - 2 level
Long at market position reached Take Profit - 2 level where we announced to closed fully.
EUR/AUD (Analysis 13-4)
Recap (Week 13 - Last Week) Stopped
Short position stopped out.
Trade Analysis / Setups
GBP/USD (Analysis 14-1)
Long opportunity: Break and retest confirmation at 1.38425 region towards 1.3875.
Short opportunity: Break and retest confirmation at 1.38131 region towards 1.37572.
AUD/NZD (Analysis 14-2)
Long opportunity: Break and retest confirmation at 1.08645 region towards 1.09297.
AUD/CAD (Analysis 14-3)
Long opportunity: Break and retest confirmation at 0.96435 region towards 0.97168.
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Blessed Easter Sunday everyone!
Cheers to the member who managed to pack some profits this trading week.
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