Short term trading strategy for foreign exchange currencies on December 10th

2024-12-10 1636

Technically speaking, the US dollar index encountered resistance on Monday when it rose below 106.25, and was supported when it fell above 106.00, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 106.00 today, the target for future gains will be between 106.25-106.35. Today, the short-term resistance of the US Composite Index is at 106.20-106.25, and the important short-term resistance is at 106.30-106.35. Today, the short-term support for the US Composite Index is between 106.00 and 106.05, with important short-term support ranging from 105.90 to 105.95.

EURUSD was supported on Monday when it fell above 1.0530, but encountered resistance when it rose below 1.0595, indicating that EURUSD may maintain its downward trend after a short-term rise. If the EURUSD rises below 1.0590 today and encounters resistance, the target for future decline will be between 1.0525-1.0495. Today, the short-term resistance of EURUSD is between 1.0585 and 1.0590, and the important short-term resistance is between 1.0620 and 1.0625. Today, the short-term support for EURUSD is at 1.0525-1.0530, with important short-term support at 1.0495-1.0500.

Gold was supported on Monday when it fell above 2627.00, but encountered resistance when it rose below 2677.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2633.00 today, the target for future upward movement will be between 2682.00 and 2704.00. Today, the short-term resistance of gold is between 2681.00 and 2682.00, with important short-term resistance ranging from 2703.00 to 2704.00. Today, the short-term support for gold is at 2633.00-2634.00, and the important short-term support is at 2606.00-2607.00.

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 106.35-106.05, with an effective break of 15 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 range of 1.0590 to 1.0500, effectively breaking the 35 point stop loss and targeting the lower limit of the range.

GBP/USD: You can sell within the upper limit of the range of 1.2795-1.2715, 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 0.8810-0.8760, with an effective break of 25 points and a stop loss at the upper limit of the range.

USD/JPY: You can buy at the lower limit of the range from 152.40 to 150.70, 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 of 0.6485 to 0.6395, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.

USD/CAD: You can buy at the lower limit of the range from 1.4225 to 1.4110, with an effective break of 40 points and a stop loss at the upper limit of the range.

Gold: You can buy at the lower limit of the range of 2682.00 to 2633.00, with an effective stop loss of $10 and a target at the upper limit of the range.

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