3.12 Short term trading strategies for major foreign exchange currencies

2025-03-12 2924

Technically speaking, the US dollar index encountered resistance below 104.00 on Tuesday and was supported above 103.20, indicating that the short-term rise of the US dollar may maintain its downward trend. If the US Composite Index encounters resistance below 103.80 today, the target for future decline will be between 102.95 and 102.70. Today, the short-term resistance of the US index is between 103.75 and 103.80. The important short-term resistance is between 104.25 and 104.30. The short-term support of the US index is between 102.95 and 103.00. The important short-term support is between 102.70 and 102.75

The EUR/USD fell above 1.0825 on Tuesday and received support, while its rise was blocked below 1.0950, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0855, the target for future upward movement will be between 1.0980 and 1.1025. Today's short-term resistance is between 1.0975 and 1.0980. The important short-term resistance is between 1.1020 and -1.1025. The short-term support is between 1.0855 and 1.0860. The important short-term support is between 1.0780 and 1.0785

Gold was supported on Tuesday when it fell above 2880.00, but encountered resistance when it rose below 2922.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2891.00 today, the target for future gains will be between 2934.00 and 2949.00. Today, the short-term resistance of gold is between 2933.00 and 2934.00. The important short-term resistance is between 2948.00 and 2949.00. The short-term support for gold is between 2891.00 and 2892.00. The important short-term support is between 2865.00 and 2866.00

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 103.80-102.70, 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 from 1.1020 to 1.0855, 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 1.3030 to 1.2895, with an effective break of 40 points and a stop loss at the upper limit of the range.

USD/CHF: You can buy at the lower limit of the range of 0.8840-0.8790, with an effective break of 35 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 148.45 to 146.85, 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 0.6345-0.6275, with an effective break of 35 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 1.4490 to 1.4350, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.

Gold: You can buy at the lower limit of the range from 2948.00 to 2892.00, with an effective break of $10 and a stop loss at the upper limit of the range.

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