Short term trading strategy for foreign exchange currencies on November 28th

2024-11-28 1188

Technically speaking, the US dollar index encountered resistance on Wednesday when it rose below 106.95, and was supported when it fell above 105.85, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 106.45 today, the target for future decline will be between 105.60 and 105.20. Today, the short-term resistance of the US Composite Index is between 106.40 and 106.45, with important short-term resistance ranging from 106.70 to 106.75. Today, the short-term support for the US Composite Index is between 105.60 and 105.65, with important short-term support between 105.20 and 105.25. On Wednesday, the decline in Europe and the United States above 1.0470 was supported, while the rise below 1.0590 encountered resistance, indicating that the short-term decline in Europe and the United States may maintain an upward trend. If the decline in Europe and America stabilizes above 1.0530 today, the target for future gains will be between 1.0610 and 1.0655. Today, the short-term resistance in Europe and America is between 1.0605 and 1.0610, and the important short-term resistance is between 1.0650 and 1.0655. Today, the short-term support for Europe and America is at 1.0530-1.0535, with important short-term support at 1.0495-1.0500. Gold's decline above 2627.00 on Wednesday was supported, while its rise below 2659.00 encountered resistance, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2621.00 today, the target for future gains will be between 2653.00 and 2571.00. Today, the short-term resistance of gold is between 2652.00 and 2653.00, and the important short-term resistance is between 2670.00 and 2671.00. Today, the short-term support for gold is at 2621.00-2622.00, and the important short-term support is at 2608.00-2609.00.

The short-term strategy for the US dollar today is mainly to short sell at high prices, with stop loss at break levels. 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 can be sold at the upper limit of the range of 106.45-105.65, with an effective break of 30 points to stop loss, and the target is at the lower limit of the range.

EUR/USD: You can buy at the lower limit of the range 1.0610-1.0530, effectively breaking the 40 point stop loss and targeting the upper limit of the range.

GBP/USD: You can buy at the lower limit of the range 1.2725-1.2640, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.

USD/CHF: You can sell within the upper limit of the range of 0.8835-0.8785, with an effective break of 30 points and a stop loss at the lower limit of the range.

USD/JPY: You can sell within the upper limit of the range of 151.60 to 149.90, with an effective break of 40 points and a stop loss at the lower limit of the range.

AUD/USD: You can buy at the lower limit of the range 0.6525-0.6470, with an effective break of 35 points and a stop loss at the upper limit of the range.

USD/CAD: You can sell within the upper limit of the range of 1.4070-1.4000, with an effective break of 40 points and a stop loss at the lower limit of the range.

Gold: You can buy at the lower limit of the range of 2653.00 to 2621.00, with an effective stop loss of $10 and a target at the upper limit of the range.

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