top of page
Search

[Week 05 - 2022] Trades Recap and Trade Setups

Updated: Mar 27, 2023

Hey Traders,


Another volatile week as the US Dollar further strengthen while commodity currency such as the AUD fell to key support area. Gold had a strong fall as the dollar appreciate likely due to the market favoring the dollar as a stronger safe haven.


Upcoming Economic Release:

Weekly Economic Calendar for Week 5
Credit: ForexFactory.com Time: +8 GMT

Dollar Index (DXY)

Dollar sharp ascend breaks past resistance

The dollar got to a new recent high breaking the 97.0 resistance. Expect a reversion to mean in momentum, meaning a likely consolidation period or a small correction.


Spot Gold (XAU/USD)

Gold trades back to ascending trend line

Gold slid but reached a minor support at 1782 level. Price is still respecting the ascending trend line so continue to maintain bullish bias unless it is breached.



Trade Recap


Corn - Front Month (Analysis 3-3)

Corn Futures Analysis

Recap (Week 03 - 2 Weeks Ago) Take Profit - 2

Corn Futures reached Take Profit (2) level

Recap (Week 04 - Last Week) Take Profit - 3

Corn Futures reached Take Profit (3) level

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



USD/CAD (Analysis 4-1)

USDCAD Analysis

Recap (Week 04 - Last Week) Take Profit - 2

USDCAD reached Take Profit (2) level

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


Trade Analysis / Setups


XAU/USD (Analysis 5-1)

XAUUSD Analysis

Long opportunity: Break and retest confirmation at 1798.5 region towards 1828.5 as Take Profit - 1 level.



AUD/USD (Analysis 5-2)

AUDUSD Analysis

Long opportunity: Break and retest confirmation at 0.7025 region towards 0.7093 as Take Profit - 1 level.



AUD/JPY (Analysis 5-3)

AUDJPY Analysis

Long opportunity: Break and retest confirmation at 81.06 region towards 82.1 as Take Profit - 1 level.


Short opportunity: Break and retest confirmation at 80.492 region towards 78.85 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!

31 views0 comments

Comments


bottom of page