Short term trading strategy for major foreign exchange currencies on February 12th
Technically speaking, the US dollar index encountered resistance below 108.50 on Tuesday, while support was provided above 107.75, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 108.35 today, the target for future decline will be between 107.65 and 107.35. Today, the short-term resistance of the US index is at 108.30-108.35. The important short-term resistance is at 108.70-108.75. The short-term support of the US index is at 107.65-107.70. The important short-term support is at 107.35-107.40
The EUR/USD fell above 1.0290 on Tuesday and received support, while its rise was blocked below 1.0385, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0305, the target for future upward movement will be between 1.0395 and 1.0435. Today's short-term resistance is between 1.0390 and 1.0395. The important short-term resistance is between 1.0430 and 1.0435. The short-term support is between 1.0305 and 1.0310. The important short-term support is between 1.0255 and 1.0260
Gold was supported on Tuesday when it fell above 2881.00, but encountered resistance when it rose below 2943.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2873.00 today, the target for future price increases will be between 2935.00 and 2969.00. Today, the short-term resistance of gold is between 2934.00 and 2935.00. The important short-term resistance is between 2968.00 and 2969.00. The short-term support for gold is between 2873.00 and 2874.00. The important short-term support is between 2847.00 and 28448.00
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 108.35-107.65, 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 1.0395-1.0305, 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 from 1.2485 to 1.2365, 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 0.9150-0.9100, with an effective break of 30 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 152.85 to 151.90, with an effective break of 40 points and a stop loss at the upper limit of the range.
AUD/USD: You can buy at the lower limit of the range of 0.6310-0.6270, 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 buy at the lower limit of the range of 1.4335 to 1.4265, with an effective break of 30 points and a stop loss, targeting the upper limit of the range.
Gold: You can buy at the lower limit of the range of 2935.00-2874.00, with an effective stop loss of $10 and a target at the upper limit of the range.
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