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[Week 19 - 2022] Trades Recap and Trade Setups

Updated: Jan 20, 2023

Hey Traders,


The FOMC released caused an initial risk on spike, with the Dollar falling while Equites having a bit of recovery rise. However, all these did not last as the FOMC removes we almost all recovered. Stock indices continues to experience high volatility with a stronger downside pressure. The story of deleveraging continues as investors reduce their risk on exposure because as of now, cash is king.


Upcoming Economic Release:

Weekly Economic Calendar for Week 19
Credit: ForexFactory.com Time: +8 GMT

Dollar Index (DXY)

Dollar recovered losses from FOMC

The Dollar experienced a fall during the release of the FOMC but the move was quickly recovered by the next day with the Dollar experiencing a new recent high. The Dollar is still showing signs of strength but is now trading in consolidation. A firm breakout of the 103.65 region can potentially push the Dollar higher while a breakout of the 102.842 support level may push price towards 101.5.


Spot Gold (XAU/USD)

Gold fall but found support at minor support level

Gold experienced some strength when the Dollar fell but the move was quickly retraced when the Dollar moved back up. However, Gold price continue to show resilience as no new lows was established.



Trade Recap


Dollar Index (Analysis 12-1)

Dollar Index Analysis

Recap (Week 17 - 2 Weeks Ago) Take Profit - 5

Dollar Index reached Take Profit (5) level

Recap (Week 18 - Last Week) Take Profit - 6

Dollar Index reached Take Profit (6) level

Long position reached Take Profit - 6 level where we announced to close fully.



EUR/JPY (Analysis 18-1)

EURJPY Analysis

Recap (Week 18 - Last Week) Take Profit - 6

EURJPY reached Take Profit (1) level

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


Sugar #11 May (Analysis 17-3)

Sugar #11 Futures Analysis

Recap (Week 18 - Last Week) Take Profit - 1

Sugar #11 Futures reached Take Profit (1) level

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


Trade Analysis / Setups


AUD/NZD (Analysis 19-1)

AUDNZD Analysis

Long opportunity: At market reopening towards 1.10942 as Take Profit - 1 level to either close, partial or risk free.



Corn - Futures July (Analysis 19-2)

Corn Futures Analysis

Long opportunity: At market reopening towards 809.5 as Take Profit - 1 level to close / partial / risk free.


 

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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