Forex Newsletter – 5 FEB 2024


DATA :  ISM SERVICES PMI AT 8.30 PM. 

  Dollar index

       Dollar index is trading around 103.92.

   Above 104.20… Buy it.

    Upside Targets Looks 105.20 — 105.70

 Stop loss below 103.60.

   XAUUSD

                             Sell Below $2016…
                                      Downside Targets Looks  $2011–$2005.
            Stop-loss $2021.

XAGUSD

          Sell Below   $22.30…
                     Downside Targets Looks  $22.07 – $21.90.

       Stop Loss $22.50.

COPPER

  ( Friday We Recommended to Sell!! Around $3.86-$3.85) 

       ( Both Target Hit $3.84–$3.82)   

Sell Below $3.79

  Downside  Targets Look $3.77– $3.74.

  Stop Loss $3.81.

       CRUDE OIL (WTI)

                                      ( Friday We Recommended to Sell!! Below $73.89) 

        ( Both Target Hit $72.80–$72.10)   

Crude Oil is Trading Around $71.78.

     Below  $70.60… Sell it!!

       Downside Target $69.90–$68.80. 

              Stop Loss $71.80.       

    NASDAQ

         ( Friday We Recommended to Buy !! Above 17660

       ( Both Target Hit 17700-17750)   
      Buy Above 17800  Levels Only…!!
       Upside Target Looks 17880-17940.

      Stop-loss 17720.

                        S&P 500 E-Mini 

         ( Friday We Recommended to Buy !! Above 4965

       ( Both Target Hit 4985–4998)   

              S&P 500 Support 4960.
                Buy Above     5000…!!

                  Upside Target Looks 5060-5120.

                   TOP PICK- USDJPY

         ( Friday We Recommended to Sell EURUSD!! Around  1.08977

       ( Target Hit 1.08816)   CRASHED…..

USDJPY

Sell BELOW 148.43   Stop-loss 148.881  Target 147.900/146.630.

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

Recommended Read :  Forex Newsletter – 2 FEB 2024