Short term trading strategy for major foreign exchange currencies on February 14th

2025-02-14 2606

Technically speaking, the US dollar index encountered resistance below 108.05 on Thursday and was supported above 107.00, indicating that the short-term rise of the US dollar may maintain its downward trend. If the US Composite Index encounters resistance below 107.90 today, the target for future decline will be between 106.85 and 106.45. Today, the short-term resistance of the US index is between 107.85 and 107.90. The important short-term resistance is between 108.40 and 108.45. The short-term support of the US index is between 106.85 and 106.90. The important short-term support is between 106.45 and 106.50

The EUR/USD fell above 1.0370 on Thursday and received support, while its rise was blocked below 1.0465, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0385, the target for future upward movement will be between 1.0480 and 1.0515. Today's short-term resistance is between 1.0475 and 1.0480. The important short-term resistance is between 1.0510 and 1.00515. Today's short-term support is between 1.0385 and 1.0390. The important short-term support is between 1.0335 and 1.0340

Gold was supported on Thursday when it fell above 2900.00, but encountered resistance when it rose below 2929.00, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2938.00 today, the target for future decline will be between 2908.00 and 2889.00. Today, the short-term resistance of gold is between 2937.00 and 2938.00. The important short-term resistance is between 2947.00 and 2948.00. The short-term support for gold is between 2908.00 and 2909.00. The important short-term support is between 2889.00 and 2890.00

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 107.90 to 106.90, 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 1.0480-1.0390, 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 1.2595-1.2460, with an effective break of 40 points and a stop loss, targeting the upper limit of the range.

USD/CHF: You can sell at the upper limit of the range from 0.9110 to 0.9000, with an effective break of 40 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 153.45-152.20, 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 from 0.6335 to 0.6265, with an effective break of 40 points and a stop loss at the upper limit of the range.

USD/CAD: You can sell at the upper limit of the range 1.4300-1.4170, with an effective break of 40 points and a stop loss at the lower limit of the range.

Gold: It can be sold at the upper limit of the range of 2938.00 to 2908.00, with an effective stop loss of $10 and a target at the lower limit of the range.

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