Short term trading strategy for major foreign exchange currencies on February 13th

2025-02-13 1065

Technically speaking, the US dollar index encountered resistance on Wednesday when it rose below 108.55, and was supported when it fell above 107.60, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 108.45 today, the target for future decline will be between 107.50 and 107.10. Today, the short-term resistance of the US index is between 108.40 and 108.45. The important short-term resistance is between 108.90 and 108.95. The short-term support of the US index is between 107.50 and 107.55. The important short-term support is between 107.10 and 107.15

The EUR/USD fell above 1.0315 on Wednesday and received support, while its rise was blocked below 1.0430, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0325, the target for future upward movement will be between 1.0445 and 1.0495. Today's short-term resistance is between 1.0440 and 1.0445. The important short-term resistance is between 1.0490 and 1.0495. The short-term support is between 1.0325 and -1.0330. The important short-term support is between 1.0265 and 1.0270

Gold's decline above 2863.00 on Wednesday was supported, while its rise below 2910.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2914.00 today, the target for future decline will be between 2873.00 and 2848.00. Today, the short-term resistance of gold is between 2913.00 and 2914.00. The important short-term resistance is between 2928.00 and 2930.00. The short-term support for gold is between 2873.00 and 2874.00. The important short-term support is between 2848.00 and 28449.00

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 108.45-107.55, 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 1.0445-1.0330, 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 1.2495-1.2390, with an effective break of 40 points and a stop loss at the upper limit of the range.

USD/CHF: You can sell within the upper limit of the range of 0.9160-0.9105, 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 155.35 to 153.85, 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 of 0.6320-0.6245, 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 1.4335 to 1.4245, with an effective break of 40 points and a stop loss at the lower limit of the range.

Gold: can be sold at the upper limit of the range of 2913.00 to 2873.00, with an effective break of $10 stop loss and a target at the lower limit of the range.

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