Short term trading strategies for major foreign exchange currencies on April 10th
Technically speaking, the US dollar index encountered resistance on Wednesday when it rose below 103.35, and was supported when it fell above 101.80, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 103.55 today, the target for future decline will be between 102.05 and 101.20. Today, the short-term resistance of the US index is between 103.50 and 103.55. The important short-term resistance is between 104.15 and 104.20. The short-term support of the US index is between 102.05 and 102.10. The important short-term support is between 101.20 and 101.25
The EUR/USD fell above 1.0910 on Wednesday and received support, while its rise was blocked below 1.1095, indicating that it may maintain its upward trend after a short-term decline in Europe and the United States. If today's decline stabilizes above 1.0885, the target for future gains will be between 1.1070-1.1170. Today's short-term resistance is between 1.1065 and 1.1070. The important short-term resistance is between 1.1165 and 1.1170. The short-term support is between 1.0885 and 1.0890. The important short-term support is between 1.0810 and 1.0815
Gold was supported on Wednesday when it fell above 2969.00, but encountered resistance when it rose below 3100.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 3045.00 today, the target for future upward movement will be between 3122.00 and 3175.00. Today, the short-term resistance of gold is between 3121.00 and 3122.00. The important short-term resistance is between 3174.00 and 3175.00. The short-term support for gold is between 3045.00 and 3046.00. The important short-term support is between 2991.00 and 2992.00
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 from 103.55 to 102.05, 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 1.1070-1.0890, 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 1.2865-1.2745, 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 0.8635-0.8495, 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 of 149.15 to 146.55, 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 0.6240 to 0.6075, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.
USD/CAD: You can sell within the upper limit of the range of 1.4155 to 1.4035, 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 3121.00 to 3045.00, with an effective break of $20 and a stop loss at the upper limit of the range.
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