IMV FOREX UPDATE
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Our buying recommendation in EUR proven great

Skyrocketed from 1.0840>>>1.0875. Gain if more than 35 pips.

Now, what to expect???

Hurdle at 1.10 while support at 1.07.

Either side break or close with volume will decide further.
IMV FOREX UPDATE
▢️ Forex Update Click on the below link and read carefully about AUDUSD https://indianmarketview.com/audusd-forex-weekly-update/
Our weekly update on AUDUSD proven great…

Slowly and steadily hit 0.6540 and achieved a long journey of more than 170 pips, almost close to our initial target of 0.6570.

Clearly mentioned in our update to catch the rally above 0.6370 and also told to buy it on every dip.

Keep profit booking and revise stop loss at cost. Final target intact around 0.6655.
Soyabean

Holding long from $830. CMP $841

Hold long with same stop loss of $830.

We will see rally till $870---$900 in days to come.
βœ… Update on USDINR

USDINR looks weak on the chart as it opened the gap down in the early morning.

It has its immediate support at 75.30, if it will manage to sustain below it then we can expect a continuous downside move till 74.80---74.20 in the coming days.

The immediate hurdle is seen at 75.80.

Sell it on a rise!

Trade with levels only.
Stop loss triggered our sell call of Gold.

Need not to worry at all... Soon we will recover this loss.

Now, what to expect???

Gold is trading in a range of $1690---$1750.

Either side break or close with volume will grab positional trade in it.

More will update soon!!
Update on Dollar Index

Dollar Index looks weak on the chart as it can be seen on the chart that it has formed a double top pattern recently.

It has its immediate support at 99.40, break and close below it will see a crash in it till 98.20---97.80 levels, and then to 96.50 in the coming days.

The major resistance is intact at 101.00.

Sell it on rise once it manages to give a close below 99.40.

Trade with levels only
Global Indices are in free fall mode

Don't jump to buy... It's a start of a fresh downside panic in it.

Today's evening session and Weekly close is very important.

So be cautious at upper level and trade safely.

Soon we will provide levels in it.
IMV FOREX UPDATE
Soyabean Holding long from $830. CMP $841 Hold long with same stop loss of $830. We will see rally till $870---$900 in days to come.
Soyabean hit $855. CMP $850. Keep profit booking and revise stop loss at cost.

Told to buy around $820
FTSE100... Hurdle at 6200

If not able to break 6200 then we will see a sharp downside panic in days to come.

Sell around 5900 with stop loss above 6200. Downside target looks 5400---5250.
Trump Talks Trade War

U.S. President Donald Trump ratcheted up Sino-U.S. tensions late Thursday, threatening new trade tariffs on Beijing amid retaliatory measures over the outbreak of the coronavirus, which he blames on China.

Another fight would likely limit global growth prospects, exactly what isn’t needed during these troubled times, and may push fragile economies in Europe further into recession.
Source: Reuters

DOW JONES FUTURES

The threat of another Trade war has pushed the global indices lower.

Dow Jones futures was pushed lower overnight is currently trading at -1.88%.

It has its immediate support at 23700, break and close below it will see 23180---22200 levels soon, if the situation persists.

The major resistance is seen at 24800, the immediate hurdle is at 23950.

Trade with levels only.

Indian Market View
Big Shots

✍ Be cautious in Gold at lower levels as it looks positive on a weekly chart.

✍ Be cautious in Silver at higher levels as it looks weak on a weekly chart.

✍ Buy Gold and Sell Silver will be best trading strategy for time being.

✍ Jobbers will have upper hand in Crude oil.

✍ The sentiments of crude oil have been converted from negative to consolidation.

✍ Base metal remain tricky.

✍ INDIA VIX @ 34.

✍ Correction is almost over in INDIA VIX. Be ready another boom.

✍ Be cautious in emerging market currencies at higher levels.

✍ USDINR @ 75.00. Positional stop loss 73.00. Be ready for an upside target of 81.00

✍ Observe Monday's trade in the equity segment carefully. Tuesday's opening will be the trend decider.

✍ At this time, investing in pharma stocks will not be called a right decision.

✍ May be safe to trade in index rather than to derivatives stocks.

✍ It is not the right time to invest. You should wait till June 2020.

✍ Redemption should not occur in SIP due to fear. SIP is for long term. So keep investing, take this as your monthly expense.

✍ The global market is closed in red. Nevertheless, the slowdown in the euopen market can deepen rapidly.

✍ Nobody knows much about China.

✍ The dollar index is at support while EUR is at resistance. Now lets see which side both will give breakout.

✍ The correct knowledge of the market helps you to make a profitable trade position at the right time. Always follow the updates and blogs of Indian Market View and make money from the market.

www.indianmarketview.com
EURJPY... Looks weak below 117.00 and could test 116.20---115.80. πŸ“‰πŸ“‰

Hurdle and stop loss above 118.00 on a closing basis.
Comex Gold

Hurdle at $1715. Fresh upside rally will see on a close above $1715 else it could test it's support leve of $1670 again.

Major support at $1660.

Trade with levels only.
Dow Jones 30 Futures

Dow Jones look positive on the chart as it took support after a minor correction around 23200. πŸ“ˆ

It has its immediate support at 23500 and hurdle is seen at 23920.

Break and close sustain above 23920 will see an upside move till 24250---24800.

More and more upside can be seen only on a close above 24800.

Trade with levels only.