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Hey Traders
US yield moved higher but this week's rise did not negatively affect the stock performance. This week's gain for the stock market is the first weekly gain for the new year. Fear and greed reached near the low and with the CPI reporting higher than expected numbers, contrarian traders can be seen entering long positions in high risk assets.
Upcoming Economic Release
S&P500 Futures
The S&P500 trade momentarily below the minor support at 5910 region but reverses higher, recovering most of its lost it experienced on the prior week. Bullish price momentum remains strong unless price breaks below the 5725 support region.
Dollar Index (DXY)
The United States Dollar Index traded higher earlier on the week, reaching key resistance level at 109.965 region and experienced a small reversal after. Bullish price momentum remains strong and intact albeit at an elevated level. If price managed to break above the 109.965 region, we can potentially see more upside for the Dollar while trading below the 108.45 region can show sign of weakness.
Spot Gold
Gold traded back to the top of the range after the break and reversal confirmation at 2625 region. Price looks to continue trading within the range unless a breakout of either side is confirmed, potentially giving the next short term direction of Gold.
Trade Recap (Public Channel)
NZD/CAD (Analysis 3-1)
Week 03 - Take Profit - 2 level
Long at market reopening position reached Take Profit - 2 level which we announced to close / partial.
Trade Recap (Private Channel)
No Updates
Trade Analysis / Setups
USD/CAD (Week 4-1)
Analysis: Price was as the bottom of the consolidation range and trading towards the top of the range without any pause. This is a sign of an elevated level where we can look to short as high risk trade.
Short opportunity: Short at market reopening towards 1.43852 as Take Profit - 1 level.
2025 Market Order Signal Accuracy Wins: 1 Loss: 0 |
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