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Hey Traders,
Oil continue to experience downside pressure, trading back at key support level. All keys were on the job reports last week, upon the report release, the USD dipped as expected but move was quickly reversed later on till the market close. Equities continued to climb, with the potential Santa rally, this year would be an exceptional year for equities.
Upcoming Economic Release
S&P500 Futures
The S&P500 achieve another record high after recovering from the minor retracement it experienced earlier on. Bullish 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 experienced weakness till the release of the job reports. Price found support at the 105.535 region and closed the week higher. If the support at 105.535 does not hold, we can potentially see price continues to slide towards 104.34 region.
Spot Gold
Gold trades sideway in the prior week between 2625 to 2650 region. Any breakout of this sideway region can indicate the next short term direction for the Gold.
Trade Recap (Public Channel)
No Updates
Trade Recap (Private Channel)
No Updates
Trade Analysis / Setups
AUD/USD (Analysis 50-1)
Analysis: Price is slowly approaching extended level and key resistance level. Any reversal confirmation at the key resistance region can signal potential reversal movement towards the upside.
Long opportunity: Reversal confirmation at 0.63661 region towards 0.64078 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: 13 Loss: 0 |
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