The forex news is in and as the anticipation for the FEd meet continues, where’s the market moving to?
The clues are in the analysis, and without further delay, let’s begin!!
Dollar index
( Yesterday We Recommended to Sell!! Below 103.66)
(Both Target Achieved 103.52–103.40)
Buy Above 103.86
Upside Targets Looks 104 – 104.13
Stop loss below 103.50
XAUUSD
( Yesterday We Recommended to Sell!! Around $2031)
(1st Target Achieved $2025)
Sell Around $2032
Downside Targets Looks $2026–$2020.
Stop-loss $2040.
XAGUSD
Sell Below $22.98
Downside Targets Looks $22.86–$22.78.
Stop-loss $23.18.
COPPER
( Yesterday We Recommended to Buy !! Above $3.85)
(1st Target Achieved $3.88)
Sell Around $3.88
Downside Targets Look $3.86– $3.84.
Stop Loss $3.91.
CRUDE OIL (WTI)
( Yesterday We Recommended to Sell!! Below $77.47)
(1st Target Achieved $76.70)
Crude Oil is Trading Around $76.50
Around $77.30… Sell it!!
Downside Target $76.10-.$75.60.
Stop Loss $78.20.
NASDAQ
( Yesterday We Recommended to Sell!! Below 17600)
(1st Target Achieved 17500)
Sell Below 17450 Levels Only…!!
Downside Target Looks 17350–17250.
Stop-loss 17550.
S&P 500 E-Mini
( Yesterday We Recommended to Sell!! Below 4994)
(Target Achieved 4980–4968)
S&P 500 Resistance and stoploss 4990
Sell Below 4970
Downside Target Looks 4950-4940.
TOP PICK- EURCAD
Buy Above 146.540 Stop-loss 145.936 Target 147.160.
Forex News: Is the US Dollar back with a bang?
The US dollar is in the green as the market is anticipating the FED minutes. As the market awaits a rate hike by the Fed in the next three months, things look quite exciting.
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read: Economic Data: What Clues Do US FOMC Minutes Hold? , Yen in Focus: Japanese Yen hit predicted levels – What next?
Recommended Read : Forex News Letter: With US Market Closed, What Should Traders Look Out for?
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