Short term trading strategies for major foreign exchange currencies on February 11th
Technically speaking, the US dollar index encountered resistance on Monday when it rose below 108.45, and was supported when it fell above 108.05, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 108.10 today, the target for future gains will be between 108.50-108.65. Today, the short-term resistance of the US index is between 108.45 and 108.50. The important short-term resistance is between 108.60 and 108.65. The short-term support of the US index is between 108.10 and 108.15. The important short-term support is between 107.90 and 107.95
The EUR/USD fell above 1.0280 on Monday and received support, while its rise was blocked below 1.0340, indicating that it may maintain a downward trend after a short-term rise. If today's rise encounters resistance below 1.0335, the target for future decline will be between 1.0280 and 1.0255. Today's short-term resistance is 1.0330-1.0335. The important short-term resistance is 1.0360-1.0365. The short-term support is between 1.0280 and 1.0285. The important short-term support is between 1.0255 and 1.0260
Gold was supported on Monday when it fell above 2854.00, but encountered resistance when it rose below 2912.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2889.00 today, the target for future upward movement will be between 2925.00-2947.00. Today, the short-term resistance of gold is between 2924.00 and 2925.00. The important short-term resistance is between 2946.00 and 2947.00. The short-term support for gold is between 2889.00 and 2890.00. The important short-term support is between 2868.00 and 2867.00
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: You can buy at the lower limit of the 108.50-108.10 range, with an effective break of 30 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 1.0335 to 1.0280, effectively breaking the 30 point stop loss and targeting the lower limit of the range.
GBP/USD: You can sell within the upper limit of the range of 1.2405-1.2345, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
USD/CHF: You can buy at the lower limit of the range from 0.9130 to 0.9080, with an effective break of 30 points to stop loss, and the target is at the upper limit of the range.
USD/JPY: You can buy at the lower limit of the range from 152.60 to 151.30, 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 sell within the upper limit of the range of 0.6300-0.6245, 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 1.4360 to 1.4380, with an effective break of 30 points and a stop loss at the upper limit of the range.
Gold: You can buy at the lower limit of the range of 2925.00-2890.00, effectively break the $10 stop loss, and target at the upper limit of the range.
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