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Week 18 - 2021. Trades review and trade set ups

Hey Traders,


Last week the S&P500 reached new high but reversed due to rising yield concern. The dollar also managed to regain some of it's strength after a few weeks of bearish movement. Next week would be relatively busy on the economic calendar with FED Powell talking early in the week, Unemployment rate for the NZD, CAD & USD and lastly Bank of England policy report.



Dollar Index (DXY)

The dollar managed to regain some strength and broke the descending trend line and closed off the week at the resistance zone - 92.25 due to rising yield concerns.


Spot Gold (XAU/USD)

Gold continues trading in a range between 1765 to 1800 struggling to break above 1800 which could poised more upside movement.



Trade Recap


Cotton No.2 Futures (Exclusive Trade)


Recap (Week 17 - Last Week) Take Profit - 1 level

Long at market position reached Take Profit - 1 level where we announced to closed / partial / risk free. We earn an additional from the sell spread of the futures rollever. (Highlighted in yellow)



Corn Futures (Analysis 16-3)

Recap (Week 16 - 2 Weeks Ago) Take Profit - 4 level

Recap (Week 17 - Last Week) Take Profit - 5 level

Long position reached Take Profit -5 level where we announced to closed / partial.



EUR/USD (Exclusive Trade)


Recap (Week 16 - 2 Weeks Ago) Take Profit - 1 level


Recap (Week 17 - Last Week) Take Profit - 2 level

Long position reached Take Profit - 2 level where we announced to close / partial.



GBP/JPY (Analysis 17-2)


Recap (Week 17 - Last Week) Take Profit - 2 level

Long position reached Take Profit - 2 level where we announced to close / partial.



Trade Analysis/Setups


AUD/NZD (Analysis 18-1)

Long opportunity: Break and retest confirmation at 1.07965 region towards 1.08400.


Short opportunity: Break and retest confirmation at 1.07250 region towards 1.06753.



NZD/JPY (Analysis 18-2)

Long opportunity: Retest confirmation of 77.923 region (support and trend line) towards 78.65. Valid only when price stays above the trend line.



EUR/NZD (Analysis 18-3)

Long opportunity: Break and retest confirmation at 1.67810 region towards 1.69425.


Short opportunity: Break and retest confirmation at 1.66725 region towards 1.65500.



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Cheers to all our member who managed to pack some profits this trading week.


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