Short term trading strategies for major foreign exchange currencies on March 26th

2025-03-26 1665

Technically speaking, the US dollar index encountered resistance below 104.50 on Tuesday, while support was provided above 103.90, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 104.45 today, the target for future decline will be between 103.90 and 103.65. Today, the short-term resistance of the US Composite Index is between 104.40 and 104.45, with important short-term resistance ranging from 104.70 to 104.75. Today, the short-term support of the US Composite Index is between 103.90-103.95, and the short-term important support is between 103.65-10.370. On Tuesday, the decline in Europe and the United States above 1.0775 was supported, while the rise below 1.0830 encountered resistance, indicating that the short-term decline in Europe and the United States may maintain an upward trend. If the decline in Europe and America stabilizes above 1.0770 today, the target for future gains will be between 1.0830 and 1.0855. Today, the short-term resistance in Europe and America is between 1.0825 and 1.0830, with important short-term resistance ranging from 1.0850 to 1.0855. Today, the short-term support for Europe and America is between 1.0770 and 1.0775, and the important short-term support is between 1.0745 and 1.0750. Gold was supported on Tuesday when it fell above 3005.00, but encountered resistance when it rose below 3036.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 3004.00 today, the target for future upward movement will be between 3035.00 and 3050.00. Today, the short-term resistance of gold is between 3034.00 and 3035.00, and the important short-term resistance is between 3049.00 and 3050.00. Today, the short-term support for gold is between 3004.00 and 3005.00, and the important short-term support is between 2989.00 and 2990.00.

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 104.45-103.65, 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 1.0855-1.0770, 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 1.3000 to 1.2910, with an effective break of 40 points and a stop loss at the upper limit of the range.

USD/CHF: You can sell at the upper limit of the range of 0.8850-0.8780, 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 150.70 to 149.30, 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 from 0.6345 to 0.6275, with an effective break of 30 points and a stop loss at the upper limit of the range.

USD/CAD: You can sell within the upper limit of the range of 1.4330 to 1.4240, 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 3050.00 to 3004.00, with an effective stop loss of $10 and a target at the upper limit of the range.

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