1.13 Short term trading strategy for major foreign exchange currencies

2025-01-13 1544

Technically speaking, the US dollar index encountered resistance when rising below 110.00 last Friday, and was supported when falling above 109.05, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 110.10 today, the target for future decline will be between 109.15 and 108.65. Today, the short-term resistance of the US index is between 110.05 and 110.10. The important short-term resistance is between 110.40 and 110.45. The short-term support of the US index is between 109.15 and 109.20. The important short-term support is between 108.65 and 108.70

Last Friday, EURUSD fell above 1.0210 and received support, while its rise was blocked below 1.0315, indicating that EURUSD may maintain its downward trend after a short-term rise. If the EURUSD rises below 1.0300 today and encounters resistance, the target for future decline will be between 1.0200 and 1.0160. Today, the short-term resistance of EURUSD is between 1.0295 and 1.0300. The important short-term resistance is between 1.0350 and 1.0355. The short-term support of EURUSD is between 1.0200 and 1.0205. The important short-term support is between 1.0160 and 1.0165

Gold received support for its decline above 2663.00 last Friday, while its rise encountered resistance below 2698.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2666.00 today, the target for future increases will be between 2701.00 and 2717.00. Today, the short-term resistance of gold is between 2700.00 and 2701.00. The important short-term resistance is between 2716.00 and 2717.00. The short-term support for gold is between 2666.00 and 2667.00. The important short-term support is between 2647.00 and 2648.00

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 110.05-109.15, 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 sell within the upper limit of the 1.0300-1.0200 range, effectively breaking the 40 point stop loss and targeting the lower limit of the range.

GBP/USD: You can buy at the lower limit of the range 1.2290-1.2160, 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 buy at the lower limit of the range from 0.9205 to 0.9130, with an effective break of 40 points and a stop loss at the upper limit of the range.

USD/JPY: You can sell within the upper limit of the range of 158.75-157.10, with an effective break of 40 points and a stop loss at the lower limit of the range.

AUD/USD: You can sell at the upper limit of the range of 0.6190 to 0.6120, 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 sell within the upper limit of the range of 1.4455 to 1.4385, with an effective break of 30 points and a stop loss at the lower limit of the range.

Gold: You can buy at the lower limit of the range from 2701.00 to 2665.00, with an effective break of $10 and a stop loss at the upper limit of the range.

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