1.22 Short term trading strategy for major foreign exchange currencies

2025-01-22 1503

Technically speaking, the US dollar index encountered resistance below 108.80 on Tuesday and was supported above 107.85, indicating that the short-term rise of the US dollar may maintain its downward trend. If the US Composite Index encounters resistance below 108.65 today, the target for future decline will be between 107.65 and 107.30. Today, the short-term resistance of the US index is between 108.60 and 108.65. The important short-term resistance is between 109.10 and 109.15. The short-term support of the US index is between 107.65 and 107.70. The important short-term support is between 107.30 and 107.35

The EUR/USD fell above 1.0340 on Tuesday and received support, while its rise was blocked below 1.0435, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0360, the target for future gains will be between 1.0455 and 1.0490. Today's short-term resistance is between 1.0450 and 1.0455. The important short-term resistance is between 1.0485 and 1.0490. Today's EURUSD short-term support is between 1.0360 and 1.0365. The important short-term support is between 1.0305 and 1.0310

Gold's decline above 2702.00 on Tuesday was supported, while its rise below 2746.00 encountered resistance, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2715.00 today, the target for future increases will be between 2759.00 and 2774.00. Today, the short-term resistance of gold is between 2758.00 and 2759.00. The important short-term resistance is between 2773.00 and 2774.00. The short-term support for gold is between 2715.00 and 2716.00. The important short-term support is between 2687.00 and 2688.00

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 108.60-107.70, 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 from 1.0455 to 1.0360, 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 1.2375 to 1.2255, 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 0.9105 to 0.9040, 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 sell within the upper limit of the range of 156.30 to 154.80, with an effective break of 40 points and a stop loss at the lower limit of the range.

AUD/USD: You can buy at the lower limit of the range of 0.6300-0.6220, 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 at the upper limit of the range 1.4460-1.4240, with an effective break of 40 points and a stop loss at the lower limit of the range.

Gold: You can buy at the lower limit of the 2759.00-2715.00 range, with an effective break of $10 to stop loss, and the target is at the upper limit of the range.

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