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[Week 40 - 2021] Trades Recap and Trade Setups

Updated: Mar 28, 2023

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:

Weekly Economic Calendar for Week 40
Credit: ForexFactory.com Time: +8GMT

Dollar Index (DXY)

Dollar ascends towards key resistance level

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)

Gold trades within the range

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)

WTI Futures Analysis

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

WTI Futures reached Take Profit (2) level

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

WTI Futures reached Take Profit (3) level

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

AUD/JPY (Analysis 38-3)

AUDJPY Analysis

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

AUDJPY reached Take Profit (2) level

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

AUDJPY reached Take Profit (3) level

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



Natural Gas (Analysis 39-3)

Natural Gas Futures Analysis

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

Natural Gas Futures reached Take Profit (2) level

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


EUR/USD (Exclusive Trade)

EURUSD Analysis

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

EURUSD reached Take Profit (3) level

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

EURUSD reached Take Profit (4) level

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



AUD/CAD (Analysis 38-4)

AUDCAD Analysis

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

AUDCAD reached Take Profit (3) level

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

AUDCAD reached Take Profit (4) level

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

Trade Analysis / Setups


CAD/JPY (Analysis 40-1)

CADJPY Analysis

Long opportunity: Break and retest confirmation at 88.28 region towards 88.81 as Take Profit - 1 level.


Short opportunity: Break and retest confirmation at 87.618 region towards 87.062 as Take Profit - 1 level.



AUD/NZD (Analysis 40-2)

AUDNZD Analysis

Long opportunity: Break and retest confirmation at 1.04915 region towards 1.05433 as Take Profit - 1 level.


Short opportunity: Break and retest confirmation at 1.04598 region towards 1.04150 as Take Profit - 1 level.



EUR/JPY (Analysis 40-3)

EURJPY Analysis

Long opportunity: Break and retest confirmation at 129.033 region towards 129.675 as Take Profit - 1 level.


Short opportunity: Break and retest confirmation at 128.620 region towards 127.990 as Take Profit -1 level.



Sugar No.11 Futures (Analysis 40-4)

Sugar #11 Analysis

Long opportunity: Break and retest confirmation at 20.3 region towards 21.0 as Take Profit - 1 level.


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