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Week 14 - 2021. Trades review and trade set ups

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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