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[Week 52 - 2021] Trades Recap and Trade Setups

Updated: Mar 28, 2023

Hey Traders,


Merry Christmas! Last week, was a light economic week with the dollar continue trading in range while the stock market enjoyed an upside ride from the festive season. Next week economic calendar is light as well, expect a quiet market and I will talk to all of you in 2022! Have a great one!


Upcoming Economic Release:

Weekly Economic Calendar for Week 52
Credit: ForexFactory.com Time: +8 GMT

Dollar Index (DXY)

Dollar remains in consolidation

The dollar continues to trade in the range between 95.8 to 96.9. Expect little difference in the dollar for the upcoming week as well due to the holiday season.



Spot Gold (XAU/USD)

Gold closed the week at key resistance level

Gold retraces early on the week but recovered what was lost and closed the week back at 1808 region which is one of the key resistance level. A breakout confirmation at this level can potentially push price towards the region of 1843.


Trade Recap


NZD/CAD (Analysis 50-3)

NZDCAD Analysis

Recap (Week 50 - 2 Weeks Ago) Take Profit - 3

NZDCAD reached Take Profit (3) level

Recap (Week 51 - Last Week) Take Profit - 4

NZDCAD reached Take Profit (4) level

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



AUD/JPY (Analysis 51-2)

AUDJPY Analysis

Recap (Week 51 - Last Week) Take Profit - 2

AUDJPY reached Take Profit (2) level

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


EUR/JPY (Analysis 47-1)

EURJPY Analysis

Recap (Week 51 - Last Week) Take Profit - 1

EURJPY reached Take Profit (1) level

Long at market position reached Take Profit - 1 level where we announced to close / partial / risk free.



Trade Analysis / Setups


GBP/CAD (Analysis 52-1)

GBPCAD Analysis

Short opportunity: Break and retest confirmation at 1.71365 region towards 1.7073 as Take Profit - 1 level.



WTI Crude (Analysis 52-2)

WTI Futures Analysis

Long opportunity: Reversal confirmation at either at the ascending trend line region or support region at 73.25 towards 75.39 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 Instagram: https://www.instagram.com/trainingtraders/ Facebook: https://www.facebook.com/trainingtraders Stay safe out there and safe trading!

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