• Duncan Cooper , Senior Market Strategist & Trading Mentor at ACY


• 08.03.2022 10:15 am
undisclosed , Duncan Cooper is a full-time trader and mentor and the Senior Market Strategist at ACY Securities. Trading full-time since 2009, Duncan's insights are from the battleground of real-time markets, not theory, and he thrives on educating traders to reach their financial goals.

Watch the video for the key trading levels for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USD Index, and S&P500.

Read the updated analysis below:

• AUDJPY has rejected the 85.18 and 85.44 weekly resistance levels. Will price now decline below the 84.29 and 83.97 weekly support levels.
• AUDUSD has rejected the 0.7414-26 monthly/weekly resistance area and declined back below the 0.7314 weekly support level.
• EURJPY has declined down to the 125.08 weekly support level. Will price further decline or rally back to test the 127.07 monthly resistance level?
• EURUSD has declined down to the 1.0879 monthly support level. Will price further decline or rally back to test the 1.1018 weekly resistance level?
• GBPJPY has declined down to the 151.22 daily support level. Will price further decline to test the 149.00 weekly support level in line with the double top pattern?
• GBPUSD has broken below the 1.3134 weekly support level. Will price further decline to test the 1.2850 weekly support level?
• NZDJPY has rejected the 79.23 weekly resistance level. Will price now decline below the 78.64 weekly support level?
• NZDUSD has rejected the 68.90 and 68.59 weekly resistance levels. Will price now decline below the 0.6804 weekly support level?
• USD Index continues to advance targeting the 100.39 monthly resistance level.
• S&P500 has traded back below the 4268 monthly support level. Will price now break below 4104 last month’s low?

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