Forex Newsletter – 1 FEB 2024


DATA :  Unemployment Claims 7 Pm     ISM Manufacturing PMI at 8.30  PM 

             Dollar index

       Dollar index is trading around 103.30

   Around 103.10… Buy it.

    Upside Targets Looks 103.30 — 103.44

 Stop loss below 103.85.

   XAUUSD

                            (Yesterday  We Recommended to Buy!! Above $2042) 

        ( Both target Hit $2047–$2055) Target $2057   

                                                Sell Around  $2038 $20340…
                                          Downside Targets Looks  $2032–$2025.
                    Stop-loss $2057.

XAGUSD

                                  (Yesterday  We Recommended to Sell!! Below $22.94) 

       ( Both target $22.83–$22.78)

             Sell on Rise    $22.85…
              Downside Targets Looks  $22.60 – $22.50.

       Stop Loss $23.10.

COPPER

  (Yesterday  We Recommended to Buy!! Above $3.93) 

       ( Made a High $3.94.7)    target $3.95

Sell on Rise $3.88

  Upside Targets Look $3.86– $3.84.

  Stop Loss $3.90.

       CRUDE OIL (WTI)

                                 (Yesterday  We Recommended to Sell!! Below $76.33) 

       ( 1st target Hit $75.70)

Crude Oil is Trading Around $76.50.

                  Around $76.… Buy it!!

                    Upside Target $76.60–$76.90. 

                                        Stop Loss $75.40.       

    NASDAQ

                (Yesterday  We Recommended to Sell!! Below 17330) 

                            ( Both Target Hit 17280-17250)    
                                  Below Sell  17300  Levels Only…!!
              Downside Target Looks 17260-17220.

       Stop-loss 17360.

                       S&P 500 E-Mini 

  (Yesterday  We Recommended to Sell!! Below 4920) 

       ( Both Target Hit 4900–4880)  

              S&P 500 Resistance 4900.
                Sell Below    4880…!!

                   Downside Target Looks 4860–4850.

TOP PICK- USDJPY

            

Buy Above  147.16   Stop-loss 146.75  Target 147.65.

Also Read : Eurozone GDP, US consumer confidence key drivers today , Crude Oil – Volatile Pace at OPEC + Meeting today

Recommended Read :  Forex Newsletter – 30 Jan 2024