Forex Newsletter: “USDCAD Continuously Rebounds at Uptrend Line


Dollar Index

Buy above 104.40

Upside Targets Looks 104.80—105.30

Stop loss Below 103.90

XAUUSD

Sell below $2339

Down side Target Looks $2330–$2320
Stop-loss Above $2352

XAGUSD

Sell below $31.20

Downside Target Looks $30–$29
Stop-loss above $32.50

COPPER

sell around $4.74

Down side Targets Look $4.64–$4.50

Stop Loss below $4.84

CRUDE OIL (WTI)

Crude Oil is Trading Around $77.80!!

Buy above $ 78.20

Up side Target $80—$81
Stop-loss Below $76

NASDAQ

Buy above 18580

Upside Target Looks 18780–19000

Stop-loss Below-18480

S&P 500 E-Mini

Sell Around 5250

Stop loss above 5300
Down side side Target Looks 5200–5150

TOP PICK-USDCAD

Buy above 1.3660 Stop Loss below 1.3630 Target- 1.3700

USDCAD remains positive above trend line but faces resistance at 1.3740. Short-term SMAs suggest possible bearish crossover, while RSI dips below 50. Stochastic oscillator signals upward momentum. Support at 1.3590; resistance at 1.3785 and 1.3845. Outlook depends on maintaining position above 200-day SMA.

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

Also Read: Copper Price Update: Key Support in Focus—Will It Stand Strong?

Recommended Read: RBI MPC Meeting 2024: What’s On the RBI’s Radar?

Want help on your trade?

Chat with our Analyst