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


• 13.05.2022 09:15 am
#stocks , 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, USDCAD, USDJPY, USD index, Gold, and S&P 500.

<Embed/Insert Vimeo video here:>

Read the updated analysis below:

• AUDJPY continues to decline targeting the 86.24 monthly support level.

• AUDUSD has broken below the 0.6900 level and is now targeting the 0.6826 monthly support level.

• EURJPY has sold off strongly and closed below the 134.12 and 133.47 monthly support levels.

• EURUSD has broken below the 1.0400 level and is now targeting the 1.0340 monthly support level.

• GBPJPY has broken below the 158.21 monthly support level and is now targeting the 155.22 daily support level.

• GBPUSD has broken below the 1.2251 weekly support level and tested the 1.2195 weekly support level.

• NZDJPY continues to decline targeting the 79.23 weekly support level.

• NZDUSD continues to decline targeting the 0.6204 monthly support level.

• USDCAD continues to find strong support at the 1.3000 level.

• USDJPY has declined and formed an outside reversal week. Will price decline down to the 125.85 monthly support level?

• USD Index has broken and closed above the 103.81 monthly resistance level.

• Gold continues to decline breaking below the 1834 weekly support level. Is a double top pattern forming on the monthly chart?

• S&P 500 continues to decline lower.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.