The mid week madness has begun and the forex news is just a testament of that. Here are the important things to look out for this forex trading session with our forex newsletter.
Dollar index
Dollar index is trading around 103.960.
(Yesterday we told you buy around 103.530)
(Targets hit 103.760—104…!!)
Support at 103.550 and resistance is at 104.600
Dollar Index Looks positive on Chart
Buy around 103.800…!!
Upside targets looks 104.000—104.400
Don’t Jump for Selling right now…!!
XAUUSD
Morning session we have given Buy around $2027.
Booked the profit around $2035.
(PROFIT BOOKING POSSIBLE ONLY WITH COMMODITY SAMACHAR)
Now XAUUSD trading around $2026
Don’t be hurry to buy …!!
Sell below $2005…levels only
Again Downside Targets Looks $2000—$1988
Will it cross $1980???
XAGUSD
XAGUSD is trading near $24.118
Don’t jump for Buying…!!
XAGUSD Sell below $23.96 levels only
Downside Targets Looks 23.82—23.70
COPPER
COPPER LOOKS WEAK ON CHART
Copper Is Trading Around $3.8120
Sell Around 3.8260…!!
We May Expect Downside Targets 3.8060—3.7800
CRUDE OIL (WTI)
Crude Oil trading Near Support Level…70.80
Sell Below 71.40…levels only
Downside Targets Looks 70—69.
NASDAQ
Yesterday we have given Buy around 15820.
(Target Achieved)
Booked the profit around 15900.
NASDAQ is trading around 15792
Above 16000… Buy it!!
Upside Targets Looks 16140—16200
Stoploss 15700…!!
S&P 500
Sell Below 4550…!!
Downside Targets Looks 4508–4495
Resistance and stop loss of 4620
TOP PICK- GBPUSD
Sell Below 1.2592 Stop loss 1.2614 Target 1.2557
Forex News – Gold and Nasdaq 100 Take Centre Stage!!
In the previous session, the Nasdaq 100 rose modestly which was supported by falling US treasury yield in the wake of unfavourable economic data.
On Monday, Gold surpassed its previous records and briefly hit a fresh all-time high on Monday but was quickly slammed low, signalling that the long-awaited bullish breakout was nothing to be excited about.
That’s all for today folks!!
We’ll be back soon with more updates. Until Next time,
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read : Crude Oil: Is The Black Liquid Poised For Another Crunch? , Will Dollar Index React to Canada Policy and BOE Speech?
Recommended Read : The History of The Dollar Index and Understanding What Really Drives It
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