[Week 50 - 2021] Trades Recap and Trade Setups

Hey Traders,

The CPI release was the important release that everyone looked out for last week. Result was in line with expectation giving a huge sigh of relief. Risk on was prevalent throughout last week with the S&P500 breaking new high.

This week, we would not be discussing the technical outlook of the Dollar and Gold.

Upcoming Economic Release:

Credit: ForexFactory.com Time: +8GMT

Trade Recap

No recap for this week.

Trade Analysis / Setups

AUD/USD (Analysis 50-1)

Long opportunity: Break and retest confirmation at 0.7180 region towards 0.72273 as Take Profit - 1 level.

NZD/JPY (Analysis 50-2)

Long opportunity: Break and retest confirmation at 77.75 region towards 78.62 as Take Profit - 1 level.

Short opportunity: Break and retest confirmation at 76.775 region towards 76.0 as Take Profit - 1 level.

NZD/CAD (Analysis 50-3)

Long opportunity: Retest confirmation at 0.86355 region towards 0.86680 as Take Profit - 1 level.

Short opportunity: Break and retest confirmation at 0.86078 towards 0.85663 as Take Profit - 1 level.

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

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