1.15 Short term trading strategy for major foreign exchange currencies
Technically speaking, the US dollar index encountered resistance below 109.90 on Tuesday, while support was provided above 109.15, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 109.70 today, the target for future decline will be between 109.00 and 108.75. Today, the short-term resistance of the US Composite Index is between 109.45 and 109.50, with important short-term resistance ranging from 109.65 to 109.70. Today, the short-term support of the US Composite Index is between 109.00 and 109.05, and the important short-term support is between 108.75 and 108.80.
The EUR/USD fell above 1.0215 on Tuesday and received support, while its rise was blocked below 1.0310, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0240, the target for future gains will be between 1.0335 and 1.0370. Today, the short-term resistance of EURUSD is between 1.0330-1.0335, and the important short-term resistance is between 1.0365 and 1.0370. Today, the short-term support for EURUSD is between 1.0270 and 1.0275, with important short-term support between 1.0240 and 1.0245.
Gold's decline above 2659.00 on Tuesday was supported, while its rise below 2677.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2681.00 today, the target for future decline will be between 2663.00 and 2653.00. Today, the short-term resistance of gold is between 2680.00 and 2681.00, with important short-term resistance ranging from 2686.00 to 2687.00. Today, the short-term support for gold is between 2663.00 and 2664.00, and the important short-term support is between 2653.00 and 2654.00.
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 109.70 to 109.00, 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 of 1.0335 to 1.0240, effectively breaking the 40 point stop loss and targeting the upper limit of the range.
GBP/USD: You can buy at the lower limit of the range of 1.2255 to 1.2145, 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 sell within the upper limit of the range of 0.9165-0.9105, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
USD/JPY: You can buy at the lower limit of the range from 158.40 to 157.30, 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 from 0.6210 to 0.6160, with an effective break of 30 points to stop loss, and the target is at the upper limit of the range.
USD/CAD: You can sell within the upper limit of the range of 1.4405 to 1.4335, with an effective break of 35 points to stop loss, and the target is at the lower limit of the range.
Gold: It can be sold at the upper limit of the range of 2681.00 to 2664.00, with an effective stop loss of $10 and a target at the lower limit of the range.
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