Forex Newsletter – 2 FEB 2024


DATA :  NON FARM EMPLOYMENT CHANGE AT 7 PM

             Dollar index

       Dollar index is trading around 102.50

   Around 102.85… Sell it.

    Downside Targets Looks 102.40 — 103.20

 Stop loss below 103.12.

   XAUUSD

                     Buy Above $2061…
               Upside Targets Looks  $2065–$2074.
            Stop-loss $2051.

XAGUSD

                     Buy above $23.33…
                  Upside  Targets Looks $23.52 – $23.75.

     Stop Loss $23.

COPPER

  (Yesterday  We Recommended to Sell!! Around $3.88) 

       ( Both Target Hit $3.86–$3.84)   

Sell Around $3.86

  Downside  Targets Look $3.84– $3.82.

  Stop Loss $3.89.

          CRUDE OIL (WTI)

    (Yesterday Stoploss Hit) 

Crude Oil is Trading Around $74.22.

        Below  $73.89.… Sell it!!

         Downside Target $72.80–$72.10. 

                 Stop Loss $75.10.       

    NASDAQ

                (Yesterday  We Recommended to Sell!! Below 17300) 

              ( Made a Low 17264)    Target 17260
                Buy Above   17660  Levels Only…!!
              Upside Target Looks 17700-17750.

      Stop-loss 17599.

                S&P 500 E-Mini 

              S&P 500 Support 4949.
                Buy Above     4965…!!

                 Upside Target Looks 4985-4998.

TOP PICK- EURUSD

        

Sell Around 1.08977   Stop-loss 1.9009  Target 1.08816.

Also Read : US Non-farm payrolls might cause volatility today.,The GBPUSD pair is on verge of Symmetrical triangle resistance

Recommended Read :    Forex Newsletter – 1 FEB 2024