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Week 15 - 2022. Trades review and trade set ups

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.


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



Dollar Index (DXY)

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)

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)

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

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

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

Spot Gold (Analysis 14-3)

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

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



Trade Analysis / Setups


AUD/JPY (Analysis 15-1)

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)

Short opportunity: Reversal confirmation at 20.35 region towards 19.78.



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