Forex Newsletter – 31 Jan 2024


DATA :  ADP Non- Pharm Employment Change 

             Dollar index

  (Yesterday  We Recommended to Sell!! Around 103.25) 

       ( Both Target Hit 103.16-103)    

Dollar index is trading around 103.22.

   Around 103.45… Sell it.

    Downside Targets Looks 103.18 — 103.10

 Stop loss below 103.65.

   XAUUSD

                            (Yesterday  We Recommended to Sell!! Below  $2032) 

        ( Made a Low $2029)  Target $2025   

                 Buy Above $2042…
                    Downside Targets Looks  $2047–$2057.
                    Stop-loss $2032.

XAGUSD

             Sell Below   $22.94…
              Downside Targets Looks  $22.83 – $22.78.

       Stop Loss $22.

COPPER

  (Yesterday  We Recommended to Buy!! Above $3.90) 

       ( 1st Target Hit $3.91)    

Above $3.93…Buy  it

  Upside Targets Look $3.95– $3.97.

  Stop Loss $3.90.

     CRUDE OIL (WTI)

            Crude Oil Inventory : Tonight 9 PM 

Crude Oil is Trading Around $76.90.

          Below $76.33.… Sell it!!

          Downside Target $75.70–$75.20. 

                   Stop Loss $78.15.       

    NASDAQ

                (Yesterday  We Recommended to Sell!! Below 17660 ) 

                       ( Both Target Hit 17590-17520)    
                    Below Sell  17330  Levels Only…!!
              DownsideTarget Looks 17280-17250.

      Stop-loss 17470.

         S&P 500 E-Mini 

  (Yesterday  We Recommended to Sell!! Below 4937) 

       ( 1st Target Hit 4924)  

              S&P 500 Resistance 4940.
                Sell Below    4920…!!

                   Downside Target Looks 4900–4880.

TOP PICK- USDJPY

                                             

Buy Above  147.94   Stop-loss 147.66  Target 148.26.