UPDATE: USDCAD NEED CORRECTION?

free forex usdcad forecast

Did you read our previous report on USDCAD index? If not, click here.

We had strongly recommended,

On USDCAD Index, 50% Correction awaiting ahead because it had overbought in the previous week.

The Technical Indicator STOCH (14, 14, 3, 3) is indicating sell signal on U.S. Dollar / Canadian Dollar pair. FX Traders could take profit at 1.31954 – 1.30478 – 1.29520 levels.

Its price can hike if USD CAD index crossover or close above the resistance level (1.34378), you can see the 1.35500 – 1.37788 levels.

USD CAD has touched the first target 1.31954 level and going for the another one 1.30478 – 1.29520 levels.

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Silver, Crude oil & Copper – Potentially Profitable

free copper tips

Will copper touch the 2013 year High level (512.6)?

In last 12 trading session copper has lost 38 rupees. As per the above chart, it is sitting at the trend line support of 2017. Is it a gesture that from this support line it will touch 2013’s high of Rs.512.65? Except MACD other indicators & studies are suggesting a strong bullish trend ahead.

Target: 462 – 470 – 486+

Caution: we do not recommend to hold below the support line but initiate a new position repeatedly above support line for the targets.

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free crude oil tipsAlmost 200 Points Profit on the last Crude oil Call

Did you read crude oil report? If not, click here.

I had said Monday that “as per the technical analysis, crude oil will remain on the uptrend. We might see soon: 4740 – 4800 – 4860+”.

In just 3 trading sessions, it has hit all target. (Almost 200 points per lot)

free silver tips

Update on Report of Silver – Correction Over?

Did you read Silver report? If not, click here.

It has touched the first target on Monday. Nowadays it is a slightly moving downside. Do you think will the next target come?

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CIPLA: Traders Must Look at this stock

CIPLA: The movement of falling down has been started and traders can sell from 612-619 and target will be 557 – 551 and 518-509.

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USDINR, USDCAD & EURUSD INDEX – Trading Signals

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Upside Risk for USDINR in 2018

Support Trendline Channel 1 (2012 – 2017): A Solid Uptrend – It had been broken on May End

Support Trendline Channel 2 (2011 – 2018): Trying to Resume The Uptrend of STC 1

All Top Levels are Working as Strong Resistance. STC 2 is failed to hold uptrend as per Elliot Wave Signal.

As per EW, the upcoming target is 67.464 – 66.254 – 65.897 – 63.717 levels.

Caution: Top breakout can make this pair unstoppable upside. That’s why I named Strom’s Initiator on the above chart. We may see these levels: 69.450 – 70.291.

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USDCAD NEED CORRECTION?

On USDCAD Index, 50% Correction awaiting ahead because it had overbought in the previous week.

The Technical Indicator STOCH (14, 14, 3, 3) is indicating sell signal on U.S. Dollar / Canadian Dollar pair. FX Traders could take profit at 1.31954 – 1.30478 – 1.29520 levels.

Its price can hike if USD CAD index crossover or close above the resistance level (1.34378), you can see the 1.35500 – 1.37788 levels.

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U-Turn Time: Gold, Silver, Crude oil & Zinc Signals

Gold & Silver – Correction Over?

In the previous week beginning, I had said to the subscriber: “The Gold will come around, 30500“.

Note: 30500 level is the hurdle of MCX Gold.

Why am I saying this to you? Because it will decide the silver trend. How? Look at the below chart:

silver tips

After a fake-out, we will see the bullish rally. Short-term investors should not wait for the reversal. It could go with flow early.

The crossover of December 2017 trend line channel indicates stop buying the silver. So now you know what to do next.

Intraday Target: 39900 – 40000
Short-term Target: 40500

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crude oil tips

Crude oil – It Smells Like… Profits

As per the technical analysis, crude oil will remain on the uptrend. We might see soon: 4740 – 4800 – 4860+

zinc tips

Zinc Hit Dec. 2016 Support Trend line – Buy / Sell…?

In the last trading session, zinc touched the 2016 Uptrend Channel Line. A big movement reloading…

Solid Support: 200 level
Hurdle: 192 level

A smart trader knows what to do. Don’t miss reading the full report. It’s time to earn from the Zinc.

To read continue…

The lack of availability of time I am unable to write an article daily for the free subscribers. So I request you, please write an email if you need any help related MCX commodities.

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