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


• 12.05.2022 02:15 pm
#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.

Overview:

Watch the video for the key trading levels for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USD index, and S&P 500.

Read the updated analysis below:

• AUDJPY has closed below the 90.92 monthly support level.
• AUDUSD has closed below the 0.6967 monthly support level and is now targeting the 0.6826 monthly support level.
• EURJPY has rejected the 137.52 weekly resistance level and is now targeting the 134.77 daily support level. 
• EURUSD has closed below the 1.0522 monthly support level.
• GBPJPY has broken below the 159.04 daily support level and is now targeting the 158.21 monthly support level.
• GBPUSD has closed below the 1.2251 weekly support level.
• NZDJPY has rejected the 82.49 monthly resistance level and is now targeting the 79.23 weekly support level.
• NZDUSD has rejected the 0.6380 weekly resistance level and is now targeting the 0.6204 monthly support level.
• USDCAD has closed above the 1.2963 monthly resistance levels for the third day in a row.
• USDJPY continues to find support above the 129.40 daily support level.
• USD Index has closed above the 103.81 monthly resistance level.
• S&P 500 continues to decline lower.

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