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  • Writer's picturefxmethods

"WEEKLY FOREX AND OIL TRADING: What to Watch for and Where to Invest"

Updated: Feb 9

USD/INR -----------------TRADE HIT AT PAR

PERIOD: - 5th TO 9TH FEBUARY 2024

TREND: - Range

PROJECTION: - Up-Side Sell

WEEKLY RANGE: - 83.18 – 82.59

TRADE 1: -

SELL BETWEEN 83.00 – 83.10, STOP LOSS 83.25,

TARGET: 1- 82.77

TARGET: 2- 82.59


EUR/USD  ---------------TRADE NOT ACTIVE

PERIOD: - 5th TO 9TH FEBUARY 2024

TREND: - Bearish

PROJECTION: - Sell

WEEKLY RANGE: - 1.0870 – 1.0657

TRADE 2:

SELL 1.0800 – 1.0840, STOP LOSS 1.0870,

TARGET 1: - 1.0725

TARGET 2: - 1.0680

TARGET 3: - 1.0640


USD/CAD -------------TARGET HIT

PERIOD: - 5th TO 9TH FEBUARY 2024

TREND: - Range

PROJECTION: - Buy

WEEKLY RANGE: - 1.3550 – 1.3340

TRADE 3: - BUY BETWEEN 1.3420 – 1.3450, STOP LOSS 1.3350

TARGET 1: - 1.3500

TARGET 2: - 1.3550


AUD/USD---------------TRADE HIT AT PAR

PERIOD: - 5th TO 9TH FEBUARY 2024

TREND: - Bearish

PROJECTION: - Sell

WEEKLY RANGE: - 0.6600 – 0.6400

TRADE 4: - SELL 0.6500, STOP LOSS 0.6560

TARGET 1: - 0.6450

TARGET 2: - 0.6400


GBP/CHF---------------TRADE HIT

PERIOD: - 5th TO 9TH FEBUARY 2024

TREND: - Bearish

PROJECTION: - Sell

WEEKLY RANGE: - 1.0950 – 1.0758

TRADE 5: - SELL 1.0900, STOP LOSS 1.0950

TARGET 1: - 1.0800

TARGET 2: - 1.0750


Brent Crude Oil Future--------------TRADE HIT

PERIOD: - 5th TO 9TH FEBUARY 2024

TREND: - Bearish

PROJECTION: - Sell

WEEKLY RANGE: - 84 - 70

TRADE 6: - SELL 79 – 80, STOP LOSS 84

TARGET 1: - 72

TARGET 2: - 70

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