Weekly Market Wrap: Will Russia Invade Ukraine? Market Seems Undecided…

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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

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Forex Market Highlights

Product: Forex
Name: Euro / Japanese Yen
Ticker: EURJPY
Exchange: N/A

Analysis: A bit late to enter this because the move was so fast, but will keep an eye in case there is a pullback opportunity.

 

Product: Forex
Name: Euro / NZ Dollar
Ticker: EURNZD
Exchange: N/A

Analysis: After failing to break out of the range, there is a good chance it might try to head back down.

EP: 1.70 to 1.71, or on pullbacks
SL: 1.72
TP: 1.64 +

 

Product: Forex
Name: NZ Dollar / US Dollar
Ticker: NZDUSD
Exchange: N/A

Analysis: Currently on a strong downtrend, with a nice pullback to the 20-EMA.

EP: 0.6656 to 0.66235, or on pullbacks
SL: 0.6745
TP: 0.6400 +

 

USDCHF – Pullback opportunity

 

Commodities Market Highlights

Following up on Palladium (PALL), it is now up almost 50% from the bottom, and is now pulling back to form a neat bear flag. Might be a good chance to add positions, since we are already deeply in the money. ????

 

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

Analysis: Since the bottom in mid-2020, Crude oil has run up an impressive 700+%, and is on track to test the key level of $100.

I think there is a major resistance level around the $107 area, so I will be looking to short because I am bearish on crude oil in the long-run.

Will continue to monitor.

 

Stock Market Highlights

? Current trend of stocks ?

Bullish: AAPL, BAC, GOOG, JPM, KO, MA, PG, TSLA, V

Bearish: ADBE, COIN, FB, GRAB, HOOD, NET, NFLX, RBLX, SE, SHOP, SNAP, TWLO, TWTR, ZM

Neutral: ABNB, AMD, AMZN, DIS, HD, JNJ, MSFT, NVDA, PFE, SNOW, UBER

(Note: These are based on medium/long-term trends.)

 

Product: US Stocks
Name: Grab Holdings
Ticker: GRAB
Exchange: NASDAQ

Analysis: A potential short-term counter-trend bounce trade after falling about 70% from its highs. Broke out from a falling wedge, and formed a small pennant.

EP: Either now, or breakout from pennant
SL: $5.66
TP: $7.00++, but get out if you see a super high spike on high volume

(Update: trade did not get triggered because the pennant failed.)

 

Following up on the NASDAQ 100 (US 100), I have been long-term bearish on it, but I expected a higher rebound before the bears resumed.

Unfortunately, the recent influx of bad news (Ukraine invasion, inflation, Omicron surge) has accelerated the decline.

Most of the high growth stocks I suggested like SE, NET, etc are still 30-40% up from the lows after the rebound, so it might be a good time to take profits on those.

Overall, the key level to watch out for is the one highlighted in pink, if prices break below that, my suggestion is to either have no positions or be net short in stocks.

 

Crypto Market Highlights

Product: Cryptocurrency
Name: Avalanche
Ticker: AVAXUSD
Exchange: N/A

Analysis: After staging an impressive recovery of 80+% after the crash, it has recently broken out of the bearish trend channel, and looks to be gaining bullish momentum.

EP: Buy on any pullbacks
SL: $75
TP: $125+++

 

Following up on Bitcoin (BTCUSD), now would be a good time to enter. Same for Ethereum (ETH).

 

Currently, most of my crypto portfolio is in BTC and ETH, with some ETFs like DPI, MVI and DEGEN.

For the fun of it, I also like to allocate some capital to what I call “moonshot tokens”, basically tokens which might have the chance to go up a lot.

Currently I have these 3: AVAX, CRO, SHIB.

 

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

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