.png)
Hey Traders,
Yield rose throughout the week and the dollar continue its strength across major currencies. Despite the stronger dollar, gold pushed upward and had a technical breakout towards the upside.
Upcoming Economic Release:
Dollar Index (DXY)
The dollar broke up of major resistance that we have been eyeing at 94.65 region. Bias is bullish as long as price continues to trade above the neckline support.
Spot Gold (XAU/USD)
Gold broke out of the descending trendline and is now hanging onto the minor resistance at 1868 region. Expect gold to trade sideway before confirmation of the next direction.
Trade Recap
EUR/USD (Analysis 44-1)
Recap (Week 45 - Last Week) Take Profit - 1
Short position reached Take Profit - 1 level where we announced to close / partial / risk free.
USD/CAD (Analysis 44-2)
Recap (Week 45 - Last Week) Take Profit - 2
Long position reached Take Profit - 2 level where we announced to close / partial.
Cotton No.2 (Analysis 45-4)
Recap (Week 45 - Last Week) Take Profit - 2
Long position reached Take Profit - 1 level where we announced to close / partial / risk free.
Trade Analysis / Setups
AUD/JPY (Analysis 46-1)
Long opportunity: Retest confirmation at 83.425 region towards 83.89 as Take Profit - 1 level.
CAD/JPY (Analysis 46-2)
Long opportunity: Break and retest confirmation at 90.775 region towards descending trend line as Take Profit - 1 level.
Short opportunity: Break and retest confirmation at 90.535 region towards 89.925 as Take Profit - 1 level.
AUD/NZD (Analysis 46-3)
Long opportunity: Break and retest confirmation at 1.0415 region towards 1.0483 as Take Profit - 1 level.
Short opportunity: Break and retest confirmation of ascending trend line towards 1.03365 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!
Comentarios