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Yen Rises Against Majors

2024-10-08 2996

(fxcue news) - The Japanese yen strengthened against other major currencies in the European session on Tuesday. The yen rose to 4-day highs of 162.37 against the euro and 148.85 against the U.S. dollar, from early lows of 163.36 and 149.79, respectively. The yen advanced to a 6-day high of 172.80 against the Swiss franc, from an early low of 173.69. Against Australia, the New Zealand and the Canadian dollars, the yen climbed to a 5-day high of 99.94, a 4-day high of 90.60 and nearly a 2-week high of 107.81 from early lows of 100.77, 91.22 and 108.50, respectively. The yen edged up to 194.65 against the pound, from an early low of 195.68. If the yen extends its uptrend, it is likely to find resistance around 157.00 against the euro, 142.00 against the greenback, 168.00 against the franc, 98.00 against the aussie, 88.00 against the kiwi, 104.00 against loonie and 190.00 against the pound.

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Yen Rises Against Majors

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New York Manufacturing Index Indicates Return To Contraction In October

Yen Rises Against Majors

Sensex

Sensex

Asian Markets Track Wall Street Higher

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Trader

Buy more directly near the current gold price of 2617, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2614, 2611, and 2605;

Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

Spot gold is expected to rebound to 2620, short selling with a loss of 2627, short looking at 2606-00, target 2590-86; Short selling at 2631 with a loss of 2638, the target remains the same.

Buy more spot gold for profit and take profit

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Yen Rises Against Majors

Sensex

New York Manufacturing Index Indicates Return To Contraction In October

Yen Rises Against Majors

Sensex

Sensex

Asian Markets Track Wall Street Higher

Please sign in

Trader

Buy more directly near the current gold price of 2617, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2614, 2611, and 2605;

Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

Spot gold is expected to rebound to 2620, short selling with a loss of 2627, short looking at 2606-00, target 2590-86; Short selling at 2631 with a loss of 2638, the target remains the same.

Buy more spot gold for profit and take profit

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