top of page
Search

[Week 09 - 2022] Trades Recap and Trade Setups

Updated: Mar 27, 2023

Hey Traders,


The tension between Russia and Ukraine caused a huge volatility in the market. It was strong risk off earlier on the week but moves are retraced ending off the week. S&P500 even closed the week higher while Gold traded lower.


Upcoming Economic Release:

Weekly Economic Calendar for Week 9
Credit: ForexFactory.com Time: +8 GMT

Dollar Index (DXY)

Dollar trades in consolidation

The Dollar is a risk off asset (safe haven) and increased in value earlier on the week. However, a huge portion was erased, trading back the consolidation range between 95.83 and 96.91.



Spot Gold (XAU/USD)

Gold trades back below resistance level

Being a risk off asset, Gold also spiked earlier on the week but closed off the week lower. We now have a huge pin bar and has traded below 1910 region. A break below 1868 region could potentially push prices lower.


Trade Recap


Dollar Index (Analysis 8-1)

DXY Analysis

Recap (Week 08 - Last Week) Take Profit - 3

DXY reached Take Profit (3) level

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



NZD/CAD (Analysis 8-2)

NZDCAD Analysis

Recap (Week 08 - Last Week) Take Profit - 2

NZDCAD reached Take Profit (2) level

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



Corn Futures - Front Month (Analysis 6-3)

Corn Futures Analysis

Recap (Week 06 - 3 Weeks Ago) Take Profit - 2

Corn Futures reached Take Profit (3) level

Recap (Week 08 - Last Week) Take Profit - 4

Corn Futures reached Take Profit (4) level

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



Trade Analysis / Setups


GBP/USD (Analysis 9-1)

GBPUSD Analysis

Long opportunity: Break and retest confirmation at 1.3438 region towards 1.35135 as Take Profit - 1 level.


Short opportunity: Break and retest confirmation at 1.33695 region towards 1.32753 as Take Profit - 1 level.



Soybean May Contract (Analysis 9-2)

Soybean Futures Analysis

Long opportunity: Reversal confirmation at 1563.75 region towards 1625.5 as Take Profit - 1 level.



WTI Front Month Contract (Analysis 9-3)

WTI Futures Analysis

Long opportunity: At market reopens towards 94.57 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!

17 views0 comments

Comments


bottom of page