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[Week 44 - 2021] Trades Recap and Trade Setups

Updated: Mar 28, 2023

Hey Traders,


Major indices achieved new high as we end off October with the S&P500 breaking 4600. Market is still observing the reaction in the bond market with the bund rising up in yield, the FOMC statement next week will be an important event that market will keep a lookout for. November has been weak seasonally for crude, the OPEC meeting next week will also be a big event to keep watch.


Traders should also be aware that most European countries will turn back 1 hour due to Daylight Savings next week.


Upcoming Economic Release:

Weekly Economic Calendar for Week 44
Credit: ForexFactory.com Time: +8GMT

Dollar Index (DXY)

Dollar reverses from minor support level

Dollar bounced back during Friday from reaction of the bond market. Key resistance at 94.65 will be important as any breakout indication could strengthen the dollar even more.



Spot Gold (XAU/USD)

Gold reverses from minor resistance level

Gold has been weak through out the week, failing to reach last week's high twice, reversing immediately at 1810.


Trade Recap


Soybean Futures (Exclusive Trade)

Soybean Futures Analysis

Recap (Week 42 - 2 Weeks Ago) Take Profit - 2

Soybean Futures reached Take Profit (2) level

Recap (Week 43 - Last Week) Take Profit - 3

Soybean Futures reached Take Profit (3) level

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


WTI Crude (Analysis 37-3)

WTI Futures Analysis

Recap (Week 41 - 3 Weeks Ago) Take Profit - 5

WTI Futures reached Take Profit (5) level

Recap (Week 43 - Last Week) Take Profit - 6

WTI Futures reached Take Profit (6) level

Long position reached Take Profit - 6 level where we announced to close / partial / risk free.



Gold (Analysis 43-3)

XAUUSD Analysis

Recap (Week 43 - Last Week) Closed - Breakeven

XAUUSD closed at breakeven level

Long position was announced to closed at breakeven level.

Trade Analysis / Setups


EUR/USD (Analysis 44-1)

EURUSD Analysis

Short opportunity: Break and retest confirmation at region between 1.15886 to 1.16136 towards 1.14697 as Take Profit - 1 level.



USD/CAD (Analysis 44-2)

USDCAD Analysis

Long opportunity: Break and retest confirmation at 1.240 region towards 1.24975 as Take Profit - 1 level.


Short opportunity: Break and retest confirmation at 1.232 region towards 1.2211 as Take Profit - 1 level.


Sugar #11 - Front month (Analysis 44-3)

Sugar #11 Futures Analysis

Short opportunity: Retest confirmation at 19.5 region towards 18.88 as Take Profit - 1 level.



Corn Futures - Front month (Analysis 44-4)

Corn Futures Analysis

Long opportunity: Reversal confirmation at 563 region towards 575 as Take Profit - 1 level.


 

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


Join our telegram channel at: https://t.me/traineetraders


Stay safe out there and safe trading!

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