Short term trading strategy for foreign exchange currencies on December 6th

2024-12-06 2725

Technically speaking, the US dollar index encountered resistance below 106.40 on Thursday and was supported above 105.65, indicating that the short-term rise of the US dollar may maintain its downward trend. If the US Composite Index encounters resistance below 106.20 today, the target for future decline will be between 105.45 and 105.20. Today, the short-term resistance of the US Composite Index is between 105.90 and 105.95, with important short-term resistance ranging from 106.15 to 106.20. Today, the short-term support for the US Composite Index is between 105.45 and 105.50, with important short-term support between 105.20 and 105.25. On Thursday, EURUSD's decline above 1.0505 was supported, while its rise below 1.0590 encountered resistance, indicating that EURUSD may maintain its upward trend after a short-term decline. If EURUSD stabilizes after falling above 1.0530 today, the target for future gains will be between 1.0615 and 1.0640. Today, the short-term resistance of EURUSD is between 1.0610-1.0615, and the important short-term resistance is between 1.0635-1.0640. Today, the short-term support for EURUSD is at 1.0560-1.0565, with important short-term support at 1.0530-1.0535.

Gold's decline above 2623.00 on Thursday was supported, while its rise below 2656.00 encountered resistance, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2617.00 today, the target for future upward movement will be between 2649.00 and 2669.00. Today, the short-term resistance of gold is between 2648.00 and 2649.00, and the important short-term resistance is between 2668.00 and 2669.00. Today, the short-term support for gold is at 2617.00-2618.00, and the important short-term support is at 2604.00-2605.00.

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 106.15 to 105.45, 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 from 1.0615 to 1.0535, 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 of 1.2790 to 1.2710, 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 0.8830-0.8755, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.

USD/JPY: You can buy at the lower limit of the range from 150.65 to 149.50, 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 0.6465-0.6430, 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 1.4070-1.4000, 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 from 2649.00 to 2617.00, with an effective stop loss of $10 and a target at the upper limit of the range.

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