Short term trading strategies for major foreign exchange currencies on April 9th

2025-04-09 2407

Technically speaking, the US dollar index encountered resistance on Tuesday when it rose below 103.55, and was supported when it fell above 102.75, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 102.60 today, the target for future gains will be between 103.45 and 103.85. Today, the short-term resistance of the US index is between 103.40 and 103.45. The important short-term resistance is between 103.80 and 103.85. The short-term support of the US index is between 102.60 and 102.65. The important short-term support is between 102.30 and 102.35

The EUR/USD fell above 1.0885 on Tuesday and received support, while its rise was blocked below 1.0995, indicating that it may maintain a downward trend after a short-term rise. If today's rise encounters resistance below 1.1000, the target for future decline will be between 1.0895-1.0840. Today's short-term resistance is between 1.0995 and 1.1000. The important short-term resistance is between 1.1040 and 1.1045. Today's short-term support is between 1.0895 and 1.00900. The important short-term support is between 1.0840 and 1.0845

Gold was supported on Tuesday when it fell above 2970.00, but encountered resistance when it rose below 3023.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2961.00 today, the target for future upward movement will be between 3015.00 and 3045.00. Today, the short-term resistance of gold is between 3014.00 and 3015.00. The important short-term resistance is between 3044.00 and 3045.00. The short-term support for gold is between 2961.00 and 2962.00. The important short-term support is between 2939.00 and 2940.00

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 103.45-102.60, 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 1.1000 to 1.0900, 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 1.2835-1.2730, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.

USD/CHF: You can buy at the lower limit of the range of 0.8580-0.8420, 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 147.70 to 145.50, 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 0.6050-0.5920, with an effective break of 40 points and a stop loss at the upper limit of the range.

USD/CAD: You can buy at the lower limit of the range from 1.4285 to 1.4165, 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 3014.00 to 2961.00, with an effective stop loss of $20 and a target at the upper limit of the range.

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