Weekly Market Wrap: Cashing in on Short Positions!

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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

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

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Forex Market Highlights

Following up on USDSGD, it has fallen to the bottom of the channel as predicted, so this would be a good time to take profits on the short positions. ????

Can start looking for a pullback opportunity to go long instead.

 

Following up on AUDCAD, it has reached the bottom of the range, hitting our TP for +200 pips profit! ????

 

Following up on Crude Oil, since our first buy call, we are now up more than +25% in profits! ????

Can consider taking some profits, since prices are very near ATHs.

 

Product: Forex
Name: Euro / British Pound
Ticker: EURGBP
Exchange: N/A

Analysis: Strong downtrend, look to short on pullbacks till next support level.

EP: 0.8315 to 0.8360
SL: 0.8400
TP: 0.8200 to 0.8100

 

Product: Forex
Name: NZ Dollar / Swiss Franc
Ticker: NZDCHF
Exchange: N/A

Analysis: Potential small rectangle breakout, can look for low-risk pullbacks.

EP: 0.6170 to 0.6215
SL: 0.6250
TP: 0.6000 to 0.6050

Stock Market Highlights

Following up on the NASDAQ, the first part of the prediction has come true, and prices have tested the previous swing low.

Now, if the uptrend wants to continue, it will need to close back up within the trendline asap.

The longer prices stay below the broken trendline, the higher the chances of a bearish reversal, and the more short positions I will be accumulating.

 

NASDAQ (US100) moving as planned, and my short positions are deeply in the money now. ????

 

Following up on Shopify (SHOP), it has dropped quite a bit, and looks to be heading lower. Congrats to those who followed took the trade! ????

 

Following up on Ford Motors (FORD), this stock has gone up a whooping 25% while the rest of the market was bearish!

Congrats to those who followed! ????

 

Following up on Netflix (NFLX), we got a windfall profit of 33.33% over 2 weeks! ????

 

Product: US Stock
Name: Crocs
Ticker: CROX
Exchange: NASDAQ

Analysis: Bearish trend after breaking neckline. Look to short on pullbacks.

EP: $110 to $130
SL: $140
TP: $80 to $90

 

Crypto Market Highlights

After a small rebound from support, Ethereum (ETH) is now at a precarious zone near the confluence of EMAs acting as resistance.

At this point, I would recommend either staying out or taking a small short position.

 

Following up on Ethereum (ETH) and most of the crypto market, prices have started falling and I have been slowly adding more short positions. There is a good chance of it breaking the previous swing low.

 

Congrats to those who shorted crypto with us this weekend. Looking at the chart of Ethereum (ETH), I have taken half profits, and I’m waiting for a pullback to short again, or a reversal to switch to long.

 

Following up on Solana (SOL), it is still hovering around the resistance level, unable to make new highs. Not looking good.

 

Not looking good for Axie Infinity (AXS).

 

Off to a great start this weekend with all our short positions, congrats to those who have been following my crypto analysis! ???? Will be posting some charts later on.

 

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?

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

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