Short term trading strategies for major foreign exchange currencies on April 7th

2025-04-07 2516

Technically speaking, the US dollar index encountered resistance when rising below 103.20 last Friday, and was supported when falling above 101.50, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 103.05 today, the target for future decline will be between 101.95 and 100.95. Today, the short-term resistance of the US index is between 103.00 and 103.05. The important short-term resistance is between 103.60 and 103.65. The short-term support of the US index is between 101.95 and 102.00. The important short-term support is between 100.95 and 101.00

The EUR/USD fell above 1.0925 last Friday and received support, while its rise was blocked below 1.1110, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0940, the target for future gains will be between 1.1060-1.1175. Today's short-term resistance is between 1.1055 and 1.1060. The important short-term resistance is between 1.1170 and -1.117. Today's short-term support is between 1.0940 and 1.0945. The important short-term support is between 1.0875 and 1.0880

Gold's decline above 3015.00 last Friday was supported, while its rise below 3137.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 3026.00 today, the target for future decline will be between 2955.00 and 2939.00. Today, the short-term resistance of gold is between 3025.00 and 3026.00. The important short-term resistance is between 3059.00 and 3060.00. The short-term support for gold is between 2955.00 and 2956.00. The important short-term support is between 2938.00 and 2939.00

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 103.05-101.95, 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 1.1060-1.0940, effectively breaking the 40 point stop loss and targeting the upper limit of the range.

GBP/USD: You can sell at the upper limit of the range from 1.3045 to 1.2785, with an effective break of 40 points and a stop loss at the lower limit of the range.

USD/CHF: You can sell within the upper limit of the range of 0.8605-0.8500, with an effective stop loss of 40 points below the level, and the target is at the lower limit of the range.

USD/JPY: You can sell within the upper limit of the range of 146.00 to 144.60, 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 sell at the upper limit of the range of 0.6060-0.5890, with an effective stop loss of 40 points below the level, and the target is at the lower limit of the range.

USD/CAD: You can sell at the upper limit of the range 1.4315-1.4105, with an effective break of 40 points and a stop loss at the lower limit of the range.

Gold: can be sold at the upper limit of the range of 3025.00-2955.00, with an effective break of $10 stop loss and a target at the lower limit of the range.

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