Short term trading strategy for foreign exchange currencies on December 9th
Technically speaking, the US dollar index encountered resistance when rising below 106.15 last Friday, and was supported when falling above 105.40, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 106.35 today, the target for future decline will be between 105.60 and 105.45. Today, the short-term resistance of the US Composite Index is between 106.30-106.35, and the important short-term resistance is between 106.55-106.60. Today, the short-term support for the US Composite Index is at 105.60-105.65, with important short-term support at 105.45-105.50.
Last Friday, EURUSD fell above 1.0540 and received support, while its rise below 1.0530 was blocked, indicating that it may maintain its upward trend after a short-term decline in Europe and the United States. If the decline in Europe and America stabilizes above 1.0520 today, the target for future gains will be between 1.0610 and 1.0630. Today, the short-term resistance in Europe and America is between 1.0605 and 1.0610, and the important short-term resistance is between 1.0625 and 1.0630. Today, the short-term support for Europe and America is at 1.0520-1.0525, with important short-term support at 1.0490-1.0495.
Gold's decline above 2613.00 last Friday was supported, while its rise below 2646.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2649.00 today, the target for future decline will be between 2617.00 and 2600.00. Today, the short-term resistance of gold is between 2648.00 and 2649.00, and the important short-term resistance is between 2663.00 and 2664.00. Today, the short-term support for gold is between 2617.00 and 2618.00, and the important short-term support is between 2600.00 and 2601.00.
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 106.35-105.60, 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 1.0610-1.0520, effectively breaking the 35 point stop loss and targeting the upper limit of the range.
GBP/USD: You can sell within the upper limit of the range of 1.2790 to 1.2700, with an effective break of 40 points and a stop loss at the lower limit of the range.
USD/CHF: You can sell within the upper limit of the range of 0.8820-0.8745, 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 150.65 to 149.35, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
AUD/USD: You can sell within the upper limit of the range of 0.6435 to 0.6355, with an effective stop loss of 40 points below the level, and the target is at the lower limit of the range.
USD/CAD: You can buy at the lower limit of the range from 1.4210 to 1.4065, with an effective break of 40 points and a stop loss at the upper limit of the range.
Gold: It can be sold at the upper limit of the range of 2649.00 to 2617.00, with an effective stop loss of $10 and a target at the lower limit of the range.
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