Short term trading strategy for foreign exchange currencies on November 29th

2024-11-29 2734

Technically speaking, the US dollar index encountered resistance in its rise below 106.45 on Thursday, while its decline above 106.00 was supported, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 106.40 today, the target for future decline will be between 105.95-105.75. Today, the short-term resistance of the US Composite Index is between 106.35 and 106.40, and the important short-term resistance is between 106.55 and 106.60.

Today, the short-term support for the US Composite Index is between 105.95 and 106.00, with important short-term support ranging from 105.75 to 105.80. On Thursday, the decline in Europe and the United States above 1.0525 was supported, while the rise below 1.0570 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 1.0575 and 1.0595. Today, the short-term resistance in Europe and America is between 1.0570-1.0575, with important short-term resistance ranging from 1.0590 to 1.0595. Today, the short-term support for Europe and America is at 1.0530-1.0535, and the important short-term support is at 1.0510-1.0515.

Gold was supported on Thursday when it fell above 2620.00, but encountered resistance when it rose below 2650.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2622.00 today, the target for future gains will be between 2652.00 and 2665.00. Today, the short-term resistance of gold is between 2651.00 and 2652.00, and the important short-term resistance is between 2664.00 and 2665.00. Today, the short-term support for gold is at 2622.00-2623.00, and the important short-term support is at 2607.00-2608.00.

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 106.40-105.95, with an effective break of 25 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 from 1.0575 to 1.0530, effectively breaking the 25 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 0.8850-0.8810, with an effective break of 25 points and a stop loss at the lower limit of the range.

USD/JPY: You can buy at the lower limit of the range from 152.45 to 150.95, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.

AUD/USD: You can buy at the lower limit of the range 0.6520-0.6480, with an effective break of 25 points and a stop loss, targeting the upper limit of the range.

USD/CAD: You can sell within the upper limit of the range of 1.4030-1.3980, with an effective break of 30 points and a stop loss at the lower limit of the range.

Gold: You can buy at the lower limit of the range of 2651.00 to 2622.00, with an effective break of $10 and a stop loss at the upper limit of the range.

Sign In via X Google Sign In via Google
This page link:http://www.fxcue.com/337980.html
Tips:This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement:Contact us if the content violates the law or your rights

Please sign in

关注我们的公众号

微信公众号