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Hey Traders,
Euphoria in the crypto market continues to rage with with Bitcoin almost reaching an all time high of a $100k. US PMI data reported better number than Europe, pushing the US Dollar higher for the week.
The upcoming week is heavy on the Oceanic region for the early week and heavy on US data for the later half.
Upcoming Economic Release:
S&P500 Futures
The S&P500 recovered more than 50% of the loss it experienced in the prior week. Bullish price momentum remains strong but if price breaks below the minor support at 5725 region, price can potential push towards 5440 region. A shift to bearish sentiment will only be confirmed if price breaks below the 4950 region.
Dollar Index (DXY)
The United States Dollar Index continues it ascend, now pass the key resistance region at 107.025 region. Price can be seen as extended and retracement is due soon, possibly towards 105.535 region.
Spot Gold
Gold recovered most of the earlier loss, closing the week at minor resistance at 2715 region. Price can be seen as extended with price closing 5 days straight on the daily time frame. Bullish trend remains strong and the shift to bearish bias can only be confirmed if price falls below 2280 region.
Trade Recap (Public Channel)
No Updates
Trade Recap (Private Channel)
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Trade Analysis / Setups
NZD/CAD (Analysis 48-1)
Analysis: Price has dipped sharly towards key resistance level (in blue). Potential reversal move possible if there is confirmation.
Long opportunity: Breakout and retest confirmation at 0.81691 towards 0.82674 as Take Profit - 1 level.
2024 Market Order Signal Accuracy Accuracy: 100% Wins: 14 Loss: 0 |
2024 Market Order Signal Accuracy (Private Channel) Accuracy: 100% Wins: 11 Loss: 0 |
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Stay safe out there and safe trading!
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