|

Daily trading strategies: USD/JPY targets 107.42 above 106.52

#Euro/usd  (last 11132)

Short term BOD

EURUSD

Day trades

Short@11261 stp@11307 tgt 11086 ( Valid till IMM open Monday )

Long 11062 stop@11039 tgt 11240  ( next turn cycle around Wednesday )

#GBP/USD (12314  last)

Short term BOD

GBPUSD

Day trades

Long @12265 stp@12207  tgt 12509 ( valid till IMM open on Monday )

Short @12558  stp@12607 tgt 12445( valid till imm close Monday)

USD/JPY (last 10712)

USDJPY

Short  term Flat wait for break out   

Day trades

Long@10652 stp@10628 tgt 10742 (New trade Till imm Close today)

Short@10847 stp@10876 tgt 10774

USD/CAD (last 13740 )

Short term SOS

Day trades

Short@14015 stp@14057 tgt 13707 ( valid till imm open Tuesday )

long@= no new for long position

#AUD/USD (last 6668)

AUDUSD

Short term 

Day trade

6812 stop@6845 tgt 6694( Tuesday IMM open)

Long@6568 stp@6531 tgt 6704

#Crude oil    (last 3266 )

Short term BOD

Crude OIl

Day trades

Long @30.80 stp@3042 tgt 3570

Nd M0 (last 9431)

Short term SOS

Day trades

Short @ 9648 stp@9677 tgt 9394( good till New york closing )

long@9090 stp@9063  tgt 9315( High Risk)

On weekly Cycles we are about to see sharp swings in the mkt This week is important turn cycles as it may amend  the previous placed top now other one chart is of sp5000.

Gold

Sp 3073 is important for today make or break but if today weekly close  above 3048  on daily close basis  – turn this mkt to bullish side in our opinion   it is very important if the stocks not confirming  each other as NQ trying to make new high and Sp is lagging behind it—is it going to make new high as well let the mkt unfold and hopefully we get the answer by early next week
 

#Gold (last 1726)(day Trade)

Long @ 1708 stop @ 1702 tgt 1741

Silver long  @1692 stop@1672 tgt1781(New parked position)

Author

Faysal Amin

Faysal Amin

Mind Vision Traders

Faysal Amin is a seasoned financial analyst and market strategist with over a decade of experience in global markets, including equities, forex, and commodities.

More from Faysal Amin
Share:

Editor's Picks

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s  irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest 

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.