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Week 40 - 2021. Trades review and trade set ups

Updated: Oct 10, 2021

Hey Traders,


Stock indices fell earlier on in the week with the Dollar increased in strength with concerns of rising yield. However, stock indices recovered some of the move on Friday but would it able to maintain the bullish strength next week.


Upcoming Economic Release:

(Credit: ForexFactory.com Time: +8GMT)


Dollar Index (DXY)

As mentioned in our previous post, the dollar rose to the 94.0 region and is now near the key resistance region at 94.5. A breakout confirmation will increase the likelihood of the dollar increasing in strength with a reversal may signal a move back to the 92.0 region.



Spot Gold (XAU/USD)

The dollar reversed from the 1730 support region and could signal a move to 1780 region with a standard consolidation period pattern structure.



Trade Recap


WTI Crude (Analysis 37-3)


Recap (Week 38 - 2 Weeks Ago) Take Profit - 2


Recap (Week 39 - Last Week) Take Profit - 3

Long position reached Take Profit - 3 level where we announced to close / partial.

AUD/JPY (Analysis 38-3)


Recap (Week 38 - 2 Weeks Ago) Take Profit - 2

Recap (Week 39 - Last Week) Take Profit - 3

Long position reached Take Profit - 3 level where we announced to close / partial.



Natural Gas (Analysis 39-3)


Recap (Week 39 - Last Week) Take Profit - 2

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


EUR/USD (Exclusive Trade)


Recap (Week 37 - Last Week) Take Profit - 3


Recap (Week 39 - Last Week) Take Profit - 4

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



AUD/CAD (Analysis 38-4)


Recap (Week 38 - 2 Weeks Ago) Take Profit - 3


Recap (Week 38 - Last Week) Take Profit - 4

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

Trade Analysis / Setups


CAD/JPY (Analysis 40-1)

Long opportunity: Break and retest confirmation at 88.28 region towards 88.81.

Short opportunity: Break and retest confirmation at 87.618 region towards 87.062.



AUD/NZD (Analysis 40-2)

Long opportunity: Break and retest confirmation at 1.04915 region towards 1.05433.


Short opportunity: Break and retest confirmation at 1.04598 region towards 1.04150.



EUR/JPY (Analysis 40-3)

Long opportunity: Break and retest confirmation at 129.033 region towards 129.675.


Short opportunity: Break and retest confirmation at 128.620 region towards 127.990.



Sugar No.11 Futures (Analysis 40-4)

Long opportunity: Break and retest confirmation at 20.3 region towards 21.0.

Short opportunity: Break and retest confirmation at 19.5 region towards 18.88.



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