Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of August 4th 2025 is here. It is now time to recap and summarize the trade setups that we had during last week. Below you will find a short explanation of all the trade setups we had last week and how it has currently developed now.

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Trading Ideas (Blog Posts)

US Dollar Index – My idea here was “On the H1 chart, we have a strong bullish momentum and also currently there are no signs opposing this short term bullish view. Also while measuring this strong bullish move we have two key support zones that has formed. The first key support zone is formed based on the 23.6%(98.113) – 38.2%(97.833) Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 50%(97.606) – 61.8%(97.379) Fibonacci retracement levels of the strong bullish move. Until both these key support zones shown in the image below (marked in green) holds my short term view remains bullish here and I expect the price to move higher further after retraces”.

Current Scenario – In US Dollar Index based on the above-mentioned analysis “until both the key support zones hold my short term view was bullish here and I expected the price to move higher further ”. The price action followed my analysis here, moved higher as I expected it to and provided a nice move to the upside!

AUDJPY – My idea here was “On the M15 chart, we could see that currently we have a strong bearish momentum here as well. Also while measuring this strong bearish move we have two key resistance zones that has formed. The first key resistance zone is formed based on the 23.6%(96.411) – 38.2%(96.578) Fibonacci retracement levels of the strong bearish move. The second key resistance zone is formed based on the 50%(96.713) – 61.8%(96.847) Fibonacci retracement levels of the strong bearish move. Until both these key resistance zones shown in the image below (marked in red) holds my short term view remains bearish here and I expect the price to move lower further after pullbacks”.

Current Scenario – In AUDJPY, based on the above-mentioned analysis, until the two key resistance zones hold I was expecting short term bearish moves to happen here. The price action followed my analysis exactly as I expected it to here. The pullback that I was looking for happened with the price reaching the second key resistance zone, created a false break of it, moved lower and delivered around 200 pips move to the downside!

USDCHF – My idea here was “On the H1 chart, the price which is moving higher has created a bullish trend pattern in the form of three higher highs, higher lows, we may consider this as evidence of bullish pressure. Generally, after a bullish trend pattern, we may expect corrections and then potential continuation higher. Currently it looks like a correction is happening. Also while measuring this strong bullish move we have two key support zones that has formed. The first key support zone is formed based on the 23.6%(0.80935) – 38.2%(0.80585) Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 50%(0.80302) – 61.8%(0.80018) Fibonacci retracement levels of the strong bullish move. Until both these key support zones shown in the image below (marked in green) holds my short term view remains bullish here and I expect the price to move higher further after retraces”.

Current Scenario – My plan still remains the same in USDCHF, that is until the two key support zones hold my short-term view still remains bullish here and I expect the price to move higher further.

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You will also find a pretty extensive database of educational materials here in the blog – just use the search or check out the Forex Education section above.

If you have any further questions, don’t hesitate to drop a comment below!

Happy Trading!

Arvinth Akash
Home Trader Club Team.