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Forex News Letter : What is the US Dollar telling us about today’s market?


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The forex news for the day is in and all the focus seems to be on the US Dollar.

What’s instore for our investors and traders as we manoeuvre through the forex market?

Let’s dive in and check out all the details!!

Dollar Index

Sell Around   104.00

  Downside Targets Looks 103.60– 103.20

 Stop loss above 104.40

XAUUSD 

Buy Above $2305

 Upside Target Looks  $2315– $2325.
    Stop-loss Below $2290

XAGUSD  

Buy Above  $27.15

        Upside Target Looks $27.40–$28.00
         Stop-loss Below $26.90

COPPER 

Yesterday We Recommended to buy above $4.05

( Both target hits – $4.08- $4.11)

Buy Around  $4.20

 Upside Targets Look $4.25-$4.30

  Stop Loss Below $4.15

CRUDE OIL (WTI)

Crude Oil is Trading Around $85.40

Buy above  $85.65             

     Upside Target $86.20_$87.00

Stop-loss 84.80

NASDAQ

Yesterday We Recommended to Buy Around   18285

both target hit 18350–18450.

Sell below 18400 Levels Only…!!
  Downside  Target Looks 18300–18220.

      Stop-loss above 18465

S&P 500 E-Mini 

Yesterday We Recommended to Buy Above 5265

First target hit 5285

Buy Above 5285

Stoploss  below 5250

  Upside Target Looks 5300-5320.

TOP PICK- EURCAD

Buy Above  1.4680 Stop-loss Below 1.4640 Target 1.4720

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

Also Read: Copper price rises to forecast levels – what next?, Economic Data: Eurozone PMI & US Jobless Claims in Focus!!

Recommended Read: Breaking Down 5 Technical Analysis Myths: Let’s Get the Facts Straight!

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