1.16 Short term trading strategy for major foreign exchange currencies

2025-01-16 1418

Technically speaking, the US dollar index encountered resistance below 109.40 on Wednesday and was supported above 108.55, indicating that the short-term rise of the US dollar may maintain its downward trend. If the US Composite Index encounters resistance below 109.45 today, the target for future decline will be between 108.65 and 108.20. Today, the short-term resistance of the US Composite Index is between 109.40 and 109.45, with important short-term resistance ranging from 109.80 to 109.85. Today, the short-term support for the US Composite Index is between 108.65 and 108.70, with important short-term support ranging from 108.20 to 108.25.

The EUR/USD fell above 1.0255 on Wednesday and received support, while its rise below 1.0355 was blocked, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0250, the target for future gains will be between 1.0345 and 1.0400. Today, the short-term resistance is between 1.0340 and 1.0345, and the important short-term resistance is between 1.0395 and 1.0400. Today, the short-term support for EURUSD is between 1.0250 and 1.0255, with important short-term support between 1.0205 and 1.0210.

Gold's decline above 2669.00 on Wednesday was supported, while its rise below 2697.00 encountered resistance, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2676.00 today, the target for future increases will be between 2704.00 and 2714.00. Today, the short-term resistance of gold is between 2703.00 and 2704.00, and the important short-term resistance is between 2713.00 and 2714.00. Today, the short-term support for gold is at 2676.00-2677.00, and the important short-term support is at 2659.00-2660.00.

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 109.45-108.65, 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 1.0345 to 1.0250, 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 1.2305 to 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 sell at the upper limit of the range from 0.9155 to 0.9090, with an effective break of 30 points and a stop loss at the lower limit of the range.

USD/JPY: You can sell within the upper limit of the range of 156.85-155.55, 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 buy at the lower limit of the range of 0.6255 to 0.6190, 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 sell within the upper limit of the range of 1.4465-1.4295, with an effective break of 35 points and a stop loss at the lower limit of the range.

Gold: You can buy at the lower limit of the range from 2704.00 to 2676.00, with an effective stop loss of $10 and a target at the upper limit of the range.

Sign In via X Google Sign In via Google
This page link:http://www.fxcue.com/348974.html
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

Please sign in

关注我们的公众号

微信公众号