Short term trading strategy for major foreign exchange currencies on April 8th
Technically speaking, the US dollar index encountered resistance on Monday when it rose below 103.55, and was supported when it fell above 102.15, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 102.95 today, the target for future gains will be between 103.80 and 104.30. 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 102.45 and 102.50
The EUR/USD fell above 1.0880 on Monday and received support, while its rise was blocked below 1.1050, indicating that it may maintain a downward trend after a short-term rise. If today's rise encounters resistance below 1.0960, the target for future decline will be between 1.0860 and 1.0790. Today's short-term resistance is between 1.0955 and 1.0960. The important short-term resistance is between 1.1025 and -1.1030. Today's short-term support is between 1.0860 and 1.0865. The important short-term support is between 1.0790 and 1.0795
Gold was supported on Monday when it fell above 2956.00, but encountered resistance when it rose below 3056.00, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 3029.00 today, the target for future decline will be between 2956.00 and 2929.00. Today, the short-term resistance of gold is between 3028.00 and 3029.00. The important short-term resistance is between 3091.00 and 3092.00. The short-term support for gold is between 2956.00 and 2957.00. The important short-term support is between 2929.00 and 2930.00
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 103.80-102.95, 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 range of 1.0955-1.0860, effectively breaking the 40 point stop loss and targeting the upper limit of the range.
GBP/USD: You can sell within the upper limit of the range of 1.2800 to 1.2660, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
USD/CHF: You can buy at the lower limit of the range of 0.8680-0.8560, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.
USD/JPY: You can buy at the lower limit of the range from 149.05 to 146.95, 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 0.6015 to 0.5895, with an effective break of 40 points and a stop loss at the lower limit of the range.
USD/CAD: You can buy at the lower limit of the range from 1.4275 to 1.4180, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.
Gold: can be sold at the upper limit of the range from 3029.00 to 2956.00, with an effective stop loss of $20 and a target at the lower limit of the range.
Tips:This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement:Contact us if the content violates the law or your rights