2.25 Short term trading strategy for major foreign exchange currencies

2025-02-25 2459

Technically speaking, the US dollar index encountered resistance on Monday when it rose below 106.75, and was supported when it fell above 106.10, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 106.20 today, the target for future gains will be between 106.85 and 107.15. Today, the short-term resistance of the US index is between 106.80 and 106.85. The important short-term resistance is between 107.10 and 107.15. The short-term support of the US index is between 106.45 and 106.50. The important short-term support is between 106.20 and 106.25

The EUR/USD fell above 1.0450 on Monday and received support, while its rise below 1.0530 was blocked, indicating that it may maintain a downward trend after a short-term rise. If today's rise encounters resistance below 1.0520, the target for future decline will be between 1.0440 and 1.0410. Today's short-term resistance is between 1.0485 and 1.0490. The important short-term resistance is between 1.0515 and 1.0520. Today's short-term support is between 1.0440 and 1.0445. The important short-term support is between 1.0410 and 1.0415

Gold was supported on Monday when it fell above 2921.00, but encountered resistance when it rose below 2957.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2928.00 today, the target for future gains will be between 2964.00 and 2977.00. Today, the short-term resistance of gold is between 2963.00 and 2964.00. The important short-term resistance is between 2976.00 and 2977.00. The short-term support for gold is between 2928.00 and 2929.00. The important short-term support is between 2907.00 and 2908.00

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 can be bought at the lower limit of the range of 107.10-106.25, 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 1.0515-1.0410 range, effectively breaking the 40 point stop loss and targeting the lower limit of the range.

GBP/USD: You can sell at the upper limit of the range 1.2675-1.2570, with an effective stop loss of 40 points below the level, and the target is at the lower limit of the range.

USD/CHF: You can buy at the lower limit of the range from 0.9015 to 0.8945, with an effective break of 30 points and a stop loss at the upper limit of the range.

USD/JPY: You can buy at the lower limit of the range from 150.50 to 149.10, 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 0.6385 to 0.6315, with an effective break of 30 points and a stop loss at the lower limit of the range.

USD/CAD: You can buy at the lower limit of the range 1.4310-1.4185, with an effective break of 40 points and a stop loss at the upper limit of the range.

Gold: You can buy at the lower limit of the range from 2977.00 to 2928.00, with an effective stop loss of $10 and a target at the upper limit of the range.

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