12.27 Short term trading strategy for foreign exchange currencies

2024-12-27 2026

Technically speaking, the US dollar index encountered resistance on Thursday when it rose below 108.30, and was supported when it fell above 108.00, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 108.00 today, the target for future gains will be between 108.30-108.45. Today, the short-term resistance of the US Composite Index is between 108.25-108.30, with important short-term resistance ranging from 108.40 to 108.45. Today, the short-term support for the US Composite Index is at 108.00-108.05, with important short-term support at 107.90-107.95.

The EURUSD fell above 1.0390 on Thursday and received support, while its rise was blocked below 1.0430, indicating that EURUSD may maintain its downward trend after a short-term rise. If the EURUSD rises below 1.0435 today and encounters resistance, the target for future decline will be between 1.0395 and 1.0375. Today, the short-term resistance of EURUSD is between 1.0425-1.0430, and the important short-term resistance is between 1.0445-1.0450. Today, the short-term support for EURUSD is between 1.0395-1.0400, and the important short-term support is between 1.0375 and 1.0380.

Gold's decline above 2614.00 on Thursday was supported, while its rise below 2640.00 encountered resistance, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2619.00 today, the target for future upward movement will be between 2645.00 and 2655.00. Today, the short-term resistance of gold is between 2644.00 and 2645.00, and the important short-term resistance is between 2654.00 and 2655.00. Today, the short-term support for gold is at 2619.00-2620.00, and the important short-term support is at 2604.00-2605.00.

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 108.45-108.00, 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 1.0435-1.0375, effectively breaking the 20 point stop loss and targeting the lower limit of the range.

GBP/USD: You can sell at the upper limit of the range 1.2555-1.2475, with an effective break of 30 points and a stop loss at the lower limit of the range.

USD/CHF: You can buy at the lower limit of the range from 0.9020 to 0.8980, with an effective break of 20 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 158.35-157.35, 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 0.6245 to 0.6195, with an effective break of 25 points and a stop loss at the lower limit of the range.

USD/CAD: You can buy at the lower limit of the range from 1.4465 to 1.4370, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.

Gold: You can buy at the lower limit of the range from 2654.00 to 2620.00, with an effective stop loss of $10 and a target at the upper limit of the range.

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