The forex news for the day is in and in today’s market we will have to see what’s in store for the traders.
With crude oil falling and also the dollar index floating higher, there’s a lot of stuff to discuss.
Let’s get started!!
Dollar Index
Yesterday We Recommended to Buy !!Above 103.80)
(1st Target Hit 104 )
Buy Above 104.05
Upside Targets Looks 104.20 – 104.40
Stop loss below 103.80
XAUUSD
Sell Below $2186
Downside Targets Looks $2180– $2174.
Stop-loss $2194
XAGUSD
Sell Below $24.50
Downside Targets Looks $25.40–$25.20
Stop-loss $24.60
COPPER
Buy Above $4.05
Upside Targets Look $4.10- $4.16
Stop Loss $3.98
CRUDE OIL (WTI)
Crude Oil is Trading Around $81.04.
Below $80.25… Sell it!!
Downside Target $78-$76
Stop Loss $82.40
NASDAQ
Buy Above 18542 Levels Only…!!
Upside Target Looks 18600–18680.
Stop-loss 18470.
S&P 500 E-Mini
Buy Above 5300
Stoploss 5280.
Upside Target Looks 5320-5340.
TOP PICK- NZDCHF
Buy Above 05442 Stop-loss 0.5410 Target 0.5472.
Forex news: Crude Oil Drops and Dollar Flexes!!
Oil prices have fallen for the second day, dropping more than 1% on Wednesday on surging US stockpiles and also gins that OPEC+ is unlikely to change its output policy at a meeting next week.
The US Dollar on the other hand is flexing its strength. As the first quarter comes to an end, a surge is seen on Wednesday against the Japanese ye, Swiss franc and also China’s yuan.
That’s all for today folks. We’ll be back soon with more news.
Until then, Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read: USDJPY at Key Resistances – Will Break it or not?, Economic Data: Quiet economic calendar meets a tired sentiment
Recommended Read: Breaking Down 5 Technical Analysis Myths: Let’s Get the Facts Straight!
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