Forex News Letter: Crude Oil Mimics USA Dollar’s Trajectory?

Forex News Letter: Crude Oil Mimics USA's trajectory?

The forex news for the day is in. The US session is looking quite promising and it picking up the pace for the market.

So what’s next for the Forex market?

Let’s get started with all the fun details!

Dollar Index

Buy Around 104.90

Downside Targets Looks 105.28 – 105.70

 Stop loss Below 104.55


Yesterday We Recommended to Buy around $2320

( Both target hits – $2335– $2350)

Buy around $2370

Upside Target Looks  $2385– $2400
    Stop-loss Below $2360


Buy around  $28.00

       Upside Target Looks $29.00 –$30.00
         Stop-loss Below $27.50


Yesterday We Recommended to Buy Around $4.2430

( Both target hits $4.2830-$4.3330)

Buy Around $4.2860

Upside Targets Look $4.32-$4.36

  Stop Loss Below $4.2570


Crude Oil is Trading Around $86.00

Buy Around $86.60      

     Upside Target $87.60-$88.60

Stop-loss below 85.60


Buy Around 18100
Upside Target Looks 18220 –18350.

Stop-loss Below 18000

S&P 500 E-Mini 

Buy Around 5110

Stoploss Below 5046

Upside Target Looks 5200-5250


Yesterday We Recommended to AUDNZD Sell Around 1.0925

(Target hit 1.0900)

Sell Around 1.4690 Stop loss-1.4707 Target – 1.4660

Forex News: The US Dollar is on a gaining streak!

The US Dollar has locked in gains for this Friday and it has been trading at its strongest level since early November. The greenback is being pushed to its higher level and rallies towards an interesting area.

Crude Oil has also picked up the pace as it gains while the US session picks up pace. The oil prices have risen near to 1% despite the EIA calling for negative outlooks on Oil demand.

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: USDCAD Sharply Rising – Will it test weekly resistance levels?, Crude oil pulls back, will it recover or not?

Recommended Read: The Commodity Market — Why is it advantageous to traders?

Want help on your trades?

Chat With Our Analyst