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[Week 15 - 2022] Trades Recap and Trade Setups

Updated: Jan 21

Hey Traders,

Yield continues its rise throughout the week resulted in risk off attitude in the market. Stock indices fell but closed off the week away from the lows but is experiencing short term consolidation. Interest hike remains the main concern and I will be expecting more consolidation or risk off momentum until May's FOMC.

Upcoming Economic Release:

Weekly Economic Calendar for Week 15
Credit: Time: +8 GMT

Dollar Index (DXY)

Dollar extends past resistance level forming new high

The Dollar broke through the resistance at 99.28 as bond continues the sell off. Expect a potential pullback towards the previous resistance, now support at 99.28 region.

Spot Gold (XAU/USD)

Gold trades within the upper bound of the range

Despite the Dollar strength, Gold managed to perform well last week closing off at the resistance region at 1945.8. If the bullish momentum continues, we may potentially see price reaching the 1960 region.

Trade Recap

Dollar Index (Analysis 12-1)

Dollar Index Analysis

Recap (Week 13 - 2 Weeks Ago) Take Profit - 1

Dollar Index reached Take Profit (1) level

Recap (Week 14 - Last Week) Take Profit - 2

Dollar Index reached Take Profit (2) level

Long at market reopening position reached Take Profit - 2 level which we announced to close / partial.

Spot Gold (Analysis 14-3)

Gold Analysis

Recap (Week 14 - Last Week) Take Profit - 1

Gold reached Take Profit (1) level

Long position reached Take Profit - 1 level where we announced to close / partial / risk free.

Trade Analysis / Setups

AUD/JPY (Analysis 15-1)

AUDJPY Analysis

Long opportunity: Break and retest confirmation at 92.85 region towards 93.639.

Short opportunity: Break and retest confirmation at 97.485 region towards 91.987.

Sugar #11 - May (Analysis 15-2)

Sugar #11 Futures Analysis

Short opportunity: Reversal confirmation at 20.35 region towards 19.78.


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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