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[Week 24 - 2021] Trades Recap and Trade Setups

Updated: Sep 20

Hey Traders,


Last week CPI released better than expect results giving a boost in the stock market. Yield moved lower but the dollar contrary, moved in strength. Commodity currency is on a slight risk off tone giving us a divergence as the stock indices closed higher for the week.


Key economical events next week:

Retail Sales (US)

CPI (CAD)

FOMC (US)

Unemployment rate (AUD)


Dollar Index (DXY)

The Dollar regained strength and meets the 90.58 region once again which acts as a strong resistance. An upside breakout may propel price towards the 91.25 region.



Spot Gold (XAU/USD)

Gold continues trading within the consolidation range between 1965 and 1910. A breakout of this range would give us a clearer directional movement.



Trade Recap


Soybean Futures (Exclusive Trade)


Recap (Week 22 - 2 Weeks Ago) Take Profit - 1 level


Recap (Week 23 - Last Week) Take Profit - 2 level

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



Corn Futures (Analysis 20-3)


Recap (Week 23 - Last Week) Take Profit - 1 level

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



Copper Futures (Analysis 23-3)


Recap (Week 23 - Last Week) Take Profit - 1 level

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



Trade Analysis / Setups


GBP/NZD (Analysis 24-1)

Long opportunity: Retest confirmation at 1.97695 region or at trend line towards 1.98328.



NZD/CAD (Analysis 24-2)

Long opportunity: Break and retest confirmation above trend line at 0.86935 region towards 0.87483.


Short opportunity: Break and retest confirmation at 0.8636 region towards 0.859.



Soybean Futures (Analysis 24-3)

Long opportunity: Break and retest confirmation at 1524 region towards 1575.


Short opportunity: Break and retest confirmation at 1492.5 region towards 1445.25.


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


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