The forex news is in and with a mild market scenario today, can we expect more movement?
With news concerning silver and currency pairs like USDINR, let’s dive in and understand what’s in store for traders.
Dollar index
Sell Below 102.43
Downside Targets Looks 102.300 – 102.250
Stop loss below 102.630
XAUUSD
( Yesterday We Recommended to Sell !!Below $2171 )
(Both Target Hit $2168–$2161)
Buy Above $2166
Upside Targets Looks $2172 – $2178.
Stop-loss $2157
XAGUSD
( Yesterday We Recommended to Sell !!Below $24.32 )
(Both Target Hit $24.20–24.10)
Buy Above $24.35
Upside Targets Looks $24.50–$24.60
Stop-loss $24.22
COPPER
Buy Above $4
Upside Targets Look $4.0230- $4.0250
Stop Loss $3.97.
CRUDE OIL (WTI)
Crude Oil is Trading Around $78.71.
Above $78.81… Buy it!!
Upside Target $79.25 -$79.50
Stop Loss $78.37.
NASDAQ
Sell Below 18429 Levels Only…!!
Downside Target Looks 18375–18340.
Stop-loss 18530.
S&P 500 E-Mini
Sell Below 5230
Stoploss 5250.
Downside Target Looks 5220-5210.
TOP PICK– EURNZD
Buy Above 1.77834 Stop-loss 1.77587 Target 1.78085.
Forex News: Will Silver Cross the Threshold?
With silver going on a straight line, analysts have been racking their brains around this phenomenon. Several bullish fundamental are suggesting more upside movements for Silver, however the charts are not opening a way out.
USD/INR has attempted a breakout but the upward momentum receded after reaching 83.47 in Novemeber.
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read: Economic Data: How Will a Light US Calendar Affect Sentiment? , Gold Retreat: Are We Bracing for a Temporary Dip in Prices?
Recommended Read: Forex News Letter : Gold Under Forex Pressure?
Want help on your traders?
Chat with our Analyst