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Week 27 - 2021. Trades review and trade set ups

Hey Traders,


Last week, the dollar continues it's rise early through the week until the release of the US non-farm payroll, weakest versus the commodity currencies. Meanwhile, the S&P continues to set record high with it's 7th day winning streak. I would expect some correction from here on, especially since FOMC is next week! So watch out!


Economic News

RBA Rate Statement (AUD)

ISM Services PMI (USD)

FOMC Meeting Minutes (USD)

Employment Change (CAD)



Dollar Index (DXY)

The dollar index is now back to the old range of 92 and 94 region. However, Friday's big bear bar may be a signal of a false breakout. Keep a look out for more confirmation!



Spot Gold (XAU/USD)

Gold continues trading side ways betwen the 1760 and 1790 region, with a false break out last week. The build up may fuel a strong reaction after the FOMC release.



Trade Recap


Spot Gold (Analysis 25-1)


Recap (Week 26 - Last Week) Take Profit - 1

We have adjusted the Take Profit - 1 level when our long position reached the 1790+ region. Announced to close / partial / risk free.



Corn Futures (Exclusive Trade)


Recap (Week 26 - Last Week) Take Profit - 2

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



AUD/JPY (Exclusive Trade)


Recap (Week 26 - Last Week) Stopped

Short at market position got stopped out.



Trade Analysis / Setups


GBP/USD (Analysis 27-1)

Long opportunity: Retest confirmation at 1.3813 region towards 1.38675.



USD/CAD (Analysis 27-2)

Short opportunity: Break and retest confirmation at 1.2267 region towards 1.24745.



EUR/JPY (Analysis 27-3)

Short opportunity: Break and retest confirmation at 131.6 region towards 131.27.



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