The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, GBPUSD
Dollar Index
Buy around $101.00
Upside Targets Looks $101.50—$102.00
Stop loss below $100.50
XAUUSD
Sell on rise around $2500
Downside Target Looks $2480—$2460
Stop-loss above $2520
XAGUSD
(Yesterday given sell around 28.50, First target done. hope you have booked profit)
Sell on rise around 28.45
Downside Targets Looks $28.00—$27.50
Stop loss above $29.00
COPPER (HG1)
(yesterday given sell around $4.1700, Target done. Hope you have made a good profit)
Sell on rise around $4.1700
Downside Target Look $4.1000
Stop Loss above $4.2200
USOIL (WTI)
(yesterday given Sell on rise around $74.00, Both Target done. Hope you have made a good profit)
Sell on rise around $73.50
Downside Target looks $72.00—$71.00
Stop-loss above $75.00
NASDAQ
Sell on rise around 19500
Downside Target Looks 19200—19000
Stop-loss above 19800
S&P 500 E-Mini
Sell around 5520
Stop loss above 5545
Downside Target Looks 5500—5480
TOP PICK-
GBPUSD
Sell below $1.3100
Stop loss above $1.3160
Downside Target Looks $1.3050—1.3000
The Japanese yen and Swiss franc rose against the U.S. dollar as investors sought safe-haven assets following a sharp Wall Street selloff and weak U.S. manufacturing data, raising fears of an economic downturn. Concerns about tech sector valuations further fueled the risk-off sentiment.
Happy trading!
Commodity Samachar Securities
We Decode the language of the market
Also Read: Crude Oil Slumps 5%: Will It Break Multi-Week Support? US JOLTS, PMI Data Key Focus in Today’s Market
Recommended Read: Put-Call Ratio: How Does It Influence The Trader Mindset?
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