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[Week 02 - 2022] Trades Recap and Trade Setups

Updated: Mar 27, 2023

Hey Traders,


Last week US job report were weak but unemployment rate was better...falling from 4.2% to 3.9%. Throughout the week, the concern of rate hike dragged risk on assets with the S&P500 down 10 points. Next week's CPI report will be important to look out for as inflation concerns continues to weigh on the market.


Upcoming Economic Release:

Weekly Economic Calendar for Week 2
Credit: ForexFactory.com Time: +8 GMT

Dollar Index (DXY)

Dollar trades in consolidation

The dollar continues to trade within the range between 95.5 to 97.0 region but was weaker throughout last week. Lookout for signs of breakout confirmation out of the consolidation.



Spot Gold (XAU/USD)

Gold sharp decline to minor support level

Gold failed to continue the upside as the resistance level at 1830 region holds. Price is now trading near the mid term ascending trend line where we can look out for clearer confirmation on whether gold would continue with the upside momentum.



Trade Recap


AUD/JPY (Analysis 51-2)

AUDJPY Analysis

Recap (Week 52 - 2 Weeks Ago) Take Profit - 3

AUDJPY reached Take Profit (3) level

Recap (Week 01 - Last Week) Take Profit - 4

AUDJPY reached Take Profit (4) level

Long position reached Take Profit 4 level where we announced to close fully.



EUR/JPY (Analysis 47-1)

EURJPY Analysis

Recap (Week 52 - 2 Weeks Ago) Take Profit - 2

EURJPY reached Take Profit (2) level

Recap (Week 01 - Last Week) Take Profit - 3

EURJPY reached Take Profit (3) level

Long at market position reached Take Profit - 3 level where we announced to close fully.



Cotton #2 (Exclusive Trade)

Cotton #2 Futures Analysis

Recap (Week 52 - 2 Weeks Ago) Take Profit - 2

Cotton #2 Futures reached Take Profit (2) level

Recap (Week 01 - Last Week) Take Profit - 3

Cotton #2 Futures reached Take Profit (3) level

Long at market position reached Take Profit - 3 level where we announced to close fully.



USD/JPY (Analysis 49-1)

USDJPY Analysis

Recap (Week 50 - 4 Weeks Ago) Take Profit - 1

USDJPY reached Take Profit (1) level

Recap (Week 01 - Last Week) Take Profit - 4

USDJPY reached Take Profit (4) level

Long position reached Take Profit - 4 level where we announced to close / partial.


Spot Gold (Exclusive Trade)

XAUUSD Analysis

Long at market position announced to close near breakeven level.


Trade Analysis / Setups


AUD/USD (Analysis 2-1)

AUDUSD Analysis

Long opportunity: Break and retest confirmation at 0.71840 region towards 0.72462 as Take Profit - 1 level.


Short opportunity: Break and retest confirmation at 0.71408 region towards 0.70932 as Take Profit - 1 level.



USD/CAD (Analysis 2-2)

USDCAD Analysis

Long opportunity: Long at market reopen as High Risk trade towards 1.27082 as Take Profit -1 level.


NZD/CAD (Analysis 2-3)

NZDCAD Analysis

Long opportunity: Break and retest confirmation at 0.85907 region towards 0.86271 as Take Profit - 1 level.



Corn Futures (Analysis 2-4)

Corn Futures Analysis

Long opportunity: Break and retest confirmation at 609.5 region towards 632.75 as Take Profit - 1 level.


 

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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