12.13 Short term trading strategy for foreign exchange currencies
Technically speaking, the US dollar index encountered resistance below 107.05 on Thursday and was supported above 106.35, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 106.50 today, the target for future gains will be between 107.20 and 107.45. Today, the short-term resistance of the US Composite Index is between 107.15 and 107.20, with important short-term resistance ranging from 107.40 to 107.45. Today, the short-term support for the US Composite Index is between 106.75 and 106.80, with important short-term support ranging from 106.50 to 106.55.
On Thursday, EURUSD's decline above 1.0460 was supported, while its rise below 1.0530 encountered resistance, indicating that EURUSD may maintain its downward trend after a short-term rise. If the EURUSD rises below 1.0515 today and encounters resistance, the target for future decline will be between 1.0445 and 1.0420. Today, the short-term resistance of EURUSD is between 1.0490 and 1.0495, with important short-term resistance at 1.0510-1.0515. Today, the short-term support for Europe and America is between 1.0445 and 1.0450, and the important short-term support is between 1.0420 and 1.0425.
Gold's decline above 2675.00 on Thursday was supported, while its rise below 2726.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2715.00 today, the target for future decline will be between 2663.00 and 2643.00. Today, the short-term resistance of gold is between 2675.00 and 2696.00, with important short-term resistance ranging from 2714.00 to 2715.00. Today, the short-term support for gold is at 2663.00-2664.00, and the important short-term support is at 2643.00-2644.00.
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 can be bought at the lower limit of the range of 107.20-106.55, with an effective break of 30 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 1.0515-1.0445 range, effectively breaking the 40 point stop loss and targeting the lower limit of the range.
GBP/USD: You can sell at the upper limit of the range 1.2710-1.2630, 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 0.8955 to 0.8885, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.
USD/JPY: You can sell within the upper limit of the range of 152.95-151.95, 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 0.6410 to 0.6340, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
USD/CAD: You can buy at the lower limit of the range from 1.4245 to 1.4150, with an effective break of 40 points and a stop loss at the upper limit of the range.
Gold: can be sold at the upper limit of the range of 2714.00-2663.00, with an effective stop loss of $10 and a target at the lower limit of the range.
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