Short term trading strategies for major currencies on November 22nd

2024-11-22 1355

Technically speaking, the US dollar index encountered resistance below 107.15 on Thursday and was supported above 106.45, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 106.55 today, the target for future gains will be between 107.30 and 107.55. Today, the short-term resistance of the US Composite Index is between 107.25 and 107.30, with important short-term resistance ranging from 107.50 to 107.55.

Today, the short-term support for the US Composite Index is between 106.55 and 106.60, with important short-term support at 106.15 to 106.20. On Thursday, the decline in Europe and the United States above 1.0460 was supported, while the rise below 1.0555 encountered resistance, indicating that the short-term rise in Europe and the United States may maintain a downward trend. If the rise in Europe and America today encounters resistance below 1.0540, the target for future decline will be between 1.0445 and 1.0405. Today, the short-term resistance in Europe and America is between 1.0535 and 1.0540, and the important short-term resistance is between 1.0590 and 1.0595. Today, the short-term support for Europe and America is between 1.0445 and 1.0450, and the important short-term support is between 1.0405 and 1.0410. Gold's decline above 2647.00 on Thursday was supported, while its rise below 2674.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2680.00 today, the target for future decline will be between 2653.00 and 2638.00. Today, the short-term resistance of gold is between 2679.00 and 2680.00, and the important short-term resistance is between 2689.00 and 2690.00. Today, the short-term support for gold is between 2653.00 and 2654.00, and the important short-term support is between 2638.00 and 2639.00.

The short-term trend of the US dollar today is mainly to buy on dips, break down and stop losses. If there is a profit of more than 30 points, set a stop win and withdraw all pending orders that have not been executed before the US market opens. This strategy is suitable for margin trading and can be used as a reference for actual trading.

The US dollar index: You can buy at the lower limit of the range of 107.30-106.60, with an effective break of 30 points to stop loss, and the target is at the upper limit of the range.

EUR/USD: You can sell within the upper limit of the 1.0540-1.0445 range, effectively breaking the 40 point stop loss and targeting the lower limit of the range.

GBP/USD: You can sell at the upper limit of the range 1.2650-1.2565, with an effective break of 40 points and a stop loss at the lower limit of the range.

USD/CHF: You can buy at the lower limit of the range of 0.8885-0.8835, with an effective break of 30 points and a stop loss at the upper limit of the range.

USD/JPY: You can sell within the upper limit of the range of 155.40 to 153.70, with an effective break of 40 points and a stop loss at the lower limit of the range.

AUD/USD: You can sell at the upper limit of the range from 0.6535 to 0.6495, with an effective break of 20 points and a stop loss at the lower limit of the range.

USD/CAD: You can buy at the lower limit of the range from 1.3990 to 1.3935, with an effective break of 30 points and a stop loss at the upper limit of the range.

Gold: can be sold at the upper limit of the range of 2680.00-2654.00, with an effective break of $10 stop loss and a target at the lower limit of the range.

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