Forex Focus: Dollar Wavers Amid Profit-Taking & Tensions


Forex Focus: Dollar Wavers Amid Profit-Taking & Tensions

The Forex newsletter for the day is here. DXY , XAUUSD , XAGUSD , COPPER , USOIL , NASDAQ , S&P 500 E-Mini , USDCHF, Dollar

DXY

Buy around 106.700
Stop loss below 106.440
Target 106.850—107.000

XAUUSD

Buy around 2680
Stop loss below 2668
Target 2690–2700

XAGUSD

Buy around 30.75
Stop loss below 30.60
Target 30.90–31.10

USOIL

Buy around 71.20
Stop loss below 70.50
Target 71.90–72.60

COPPER (HG1)

Buy above 4.1090
Stop loss below 4.0940
Target 4.1240–4.1400

NASDAQ

Buy above 20980
Stop loss below 20930
Target 20130–20180

S&P 500 E-Mini

Buy above 6020
Stop loss below 6009
Target 6030–6040

Top pick

USDCHF

Buy around 0.89000
Stop loss below 0.88800
Target 0.89200–0.89400

Forex Newsletter – The U.S. dollar has seen a pullback after hitting a two-year high, with profit-taking and a rebound in rival currencies creating uncertainty. Economic data and geopolitical risks, including Trump’s policy influence and global tensions, could shape the dollar’s trajectory in the coming weeks.

Until then, Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

Also Read: Rupee Hits Over Two-Week High on Dollar Inflows: What’s Next? , Nifty to Open Gap-Up; Key Q2 Results and Market Insights

Recommended Read: The Finale of the US Elections 2024: What Lies Ahead for the Commodities Market?

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