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Week 14 - 2022. Trades review and trade set ups

Hey Traders,


Last weeks NFP release keeps the Fed on target for 50 basis hike at May and likely during the June meeting as well. With just 4 other meetings left till the end of year, an average increase of 25 basis at each meeting could hit a high of around 2.5%, in line with the target rate the FEDs official speak off.


Stock indices enjoyed the rally earlier on the week as news of de-escalation of war pops up but gave back most of the gain after the NFP release as markets shifts focus onto the the rise of interest rate and it's contractionary impact on the economy.


Upcoming Economic Release:

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


Dollar Index (DXY)

The Dollar Index continues to trade within the range of 97.835 region and 99.28.

A significant sell off in the bonds market may trigger the dollar to break out towards the side.



Spot Gold (XAU/USD)

Gold reverses away from the minor resistance at 1945.8 region and found support at the 1918 region. A dip below the support may signal another potential drop towards the 1892 region.


Trade Recap


Dollar Index (Analysis 12-1)

Recap (Week 13 - Last Week) Take Profit - 1

Long at market reopening position reached Take Profit - 1 level which we announced to close / partial / risk free.



Soybean - May (Exclusive Trade)

Recap (Week 13 - Last Week) Stopped

Long at market position got stopped out.



Trade Analysis / Setups


AUD/USD (Analysis 14-1)

Long opportunity: Break and retest confirmation at 0.75255 region towards 0.76219.


Short opportunity: Break and retest confirmation at 0.74703 region towards 0.73770.



NZD/CAD (Analysis 14-2)

Long opportunity: Reversal confirmation at 0.86133 region towards 0.87220.



Spot Gold (Analysis 14-3)

Long opportunity: Break and retest confirmation at 1929 region towards 1945.88.


Short opportunity: Break and retest confirmation at 1918.36 region towards 1892.785.



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