Last week, our focus shifted from crypto and stocks to the forex market, where several strong trending moves were taking place.

Stocks and crypto have been moving largely in tandem, and are currently having a rebound against the larger downtrend.

How long will this rebound last, and when will the downtrend continue?

Stay tuned on our “Daily Trading Signals” Telegram channel to find out!

[Photo: Lima, Peru – See my full travel photo log!]

For our weekly market wrap, we go through some of the trade calls and analysis from last week, which gives us valuable insights for the week ahead.

We cover 3 main markets with a total of 200+ counters, so we will never run out of trading opportunities:

• Forex, CFDs, commodities, bonds
• US stocks, ETFs, global stock indices
• Cryptocurrencies, crypto indices

By covering a broad range of markets, we can focus our attention (and capital) on whichever market currently gives the best returns.

Click here to receive all these signals in real-time for only $67 a month! You will get several signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

Forex & Commodities Market Highlights

With oil and commodities on an uptrend, it is no surprise the commodity-linked currencies are at the top.

Product: Forex
Name: British Pound / Canadian Dollar
Ticker: GBPCAD
Exchange: N/A

Analysis: The strong downtrend continues after a small pullback. We can try to continue riding the trend.

EP: Current price, or on pullbacks
SL: 1.599
TP: 1.532

Product: Forex
Name: Australian Dollar / Japanese Yen
Ticker: AUDJPY
Exchange: N/A

Analysis: There was a nice pullback to the support level in the form on a large bull flag.

Though it is a bit late because price has moved quite a bit from the flag breakout point, we can still look to enter on pullbacks.

EP: Enter on pullbacks
SL: 91.00
TP: 99.00

Stock & Bond Market Highlights

https://www.wsj.com/articles/oil-prices-hit-two-month-high-as-china-eases-lockdowns-11653933068

Just writing Global Macro Investor over the weekend and as ever, I like to share a few insights.

The narrative on Twitter is that tech is dead. The reality is that the Nasdaq has just reverted back to trend – 150 week moving average 1/ pic.twitter.com/JpEi0754Si

— Raoul Pal (@RaoulGMI) May 30, 2022

Product: US Stock Index
Name: NASDAQ 100
Ticker: US100
Exchange: N/A

Analysis: The rebound is pretty strong, and on this 4-hour chart, it has formed a double bottom, broke out, and formed a bull flag at the breakout point.

We can consider taking a short-term trade by going long now with a tight stoploss.

EP: Current price
SL: $12420
TP: $13520

Click here to receive all these signals in real-time for only $67 a month! You will get 5-10 signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

Good luck, and may next week bring more excellent profits!

Last week, we saw a continuation of the existing trends, but since these trends have been running for quite a while, it is likely we will have a short-term rebound, even if the longer-term trends remain intact.

We saw weakness in the USD, and strength in commodities like good, oil, agriculture, etc. This is in line with the inflationary pressures we have been observing.

The most interesting thing is the rebound in stock prices, but it is likely only temporary before the major downtrend continues.

Crypto markets are facing huge weakness after the Luna/UST saga, and have somewhat decoupled from stocks for the last week.

[Photo: Seljalandsfoss, Hvolsvöllur, Iceland – See my full travel photo log!]

For our weekly market wrap, we go through some of the trade calls and analysis from last week, which gives us valuable insights for the week ahead.

We cover 3 main markets with a total of 200+ counters, so we will never run out of trading opportunities:

• Forex, CFDs, commodities, bonds
• US stocks, ETFs, global stock indices
• Cryptocurrencies, crypto indices

By covering a broad range of markets, we can focus our attention (and capital) on whichever market currently gives the best returns.

Click here to receive all these signals in real-time for only $67 a month! You will get several signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

Forex & Commodities Market Highlights

Currencies strength update

Product: Forex
Name: US Dollar / SG Dollar
Ticker: USDSGD
Exchange: N/A

Analysis: Following up on this, after hitting the TP near the top, it has come back down, and is now setting up a trading opportunity in the opposite direction.

EP: current price
SL: 1.3786
TP: 1.355 to 1.350

Product: Commodities
Name: Crude Oil
Ticker: WTIUSD
Exchange: N/A

Analysis: With the decrease in supply due to the Russian-Ukraine war, oil prices are steadily heading up after the initial spike. It is possible that it could test new highs.

EP: current price, or on pullbacks
SL: $110
TP: $130, or new highs!

Product: Commodities
Name: Gold (spot)
Ticker: XAUUSD
Exchange: N/A

Analysis: With the USD falling and markets facing uncertainty, this could be bullish for gold.

EP: current price
SL: $1835
TP: $1905, $1990, $2060

Stock & Bond Market Highlights

https://www.wsj.com/articles/investors-dare-to-dip-back-into-bonds-11653080577

“Here [in Davos] everybody’s pessimistic,” says Standard Chartered Chairman José Viñals. “But when I ask them how their business is doing, the picture is wonderful. It may be that the business reality catches up with the [very negative] macro-political reality.”

https://www.wsj.com/articles/davos-elite-cant-agree-about-the-economy-and-neither-can-markets-11653568913

Product: US Stock Index
Name: NASDAQ 100
Ticker: US100
Exchange: N/A

Analysis: Updating the trade parameters since the previous TP has already been hit.

Prices are having a small rebound but there is still a higher chance of prices going down further after the rebound.

So far, NASDAQ has corrected 30% from ATHs while S&P 500 has corrected 20%. That is still very small compared to the run up for the past 10-20 years.

EP: Current price, or on pullbacks
SL: $12750
TP: $11540, $11000

Crypto Market Highlights

Product: Cryptocurrency
Name: Ethereum
Ticker: ETHUSD
Exchange: N/A

Analysis: Following up, Ethereum is now at the critical price level. Our trade call remains the same.

If prices break below this level, then it will be quite dangerous. The overall price pattern does not look that bullish.

On the other hand, when we look at the long-term weekly chart, we can see 8 consecutive weeks of price decline, which suggests at least a potential technical rebound.

The weekly 200-EMA also provides some potential support. The weekly RSI is also very near the oversold zone.

In short, the trend is uncertain but there is a high chance of a rebound in the short/medium-term.

EP: Current price
SL: $1650
TP: $2600+

Click here to receive all these signals in real-time for only $67 a month! You will get 5-10 signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

Good luck, and may next week bring more excellent profits!