3.5 Short term trading strategies for major foreign exchange currencies

2025-03-05 1028

Technically speaking, the US dollar index encountered resistance on Tuesday when it rose below 106.65, and was supported when it fell above 105.55, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 106.00 today, the target for future decline will be between 105.30 and 104.90. Today, the short-term resistance of the US index is between 105.95 and 106.60. The important short-term resistance is between 106.35 and 106.40. The short-term support of the US index is between 105.30 and 105.35. The important short-term support is between 104.90 and 104.95

The EUR/USD fell above 1.0470 on Tuesday and received support, while its rise was blocked below 1.0625, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0565, the target for future upward movement will be between 1.0660 and 1.0720. Today's short-term resistance is between 1.0655-1.0660. The important short-term resistance is between 1.0715 and 1.0720. Today's short-term support is between 1.0565 and 1.0570. The important short-term support is between 1.0505 and 1.0510

Gold was supported on Tuesday when it fell above 2881.00, but encountered resistance when it rose below 2928.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2908.00 today, the target for future increases will be between 2936.00 and 2955.00. Today, the short-term resistance of gold is between 2935.00 and 2936.00. The important short-term resistance is between 2954.00 and 2955.00. 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 106.00 to 105.30, 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 1.0560 to 1.0565, 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 1.2835-1.2755, with an effective break of 40 points and a stop loss, targeting the upper limit of the range.

USD/CHF: You can sell within the upper limit of the range of 0.8915 to 0.8845, 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 149.95 to 148.40, 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 of 0.6280-0.6200, 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 1.4550 to 1.4415, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.

Gold: You can buy at the lower limit of the range from 2936.00 to 2908.00, effectively break the $10 stop loss, and target at the upper limit of the range.

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