Short term trading strategies for major foreign exchange currencies on April 14th
Technically speaking, the US dollar index encountered resistance when rising below 103.15 last Friday, and was supported when falling above 99.00, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 101.15 today, the target for future decline will be between 99.00-98.00. Today, the short-term resistance of the US index is at 101.10-101.15. The important short-term resistance is at 102.15-102.20. The short-term support of the US index is at 99.00-99.05. The important short-term support is at 98.00-98.05
The EUR/USD fell above 1.1180 last Friday and received support, while its rise was blocked below 1.1475, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.1170, the target for future gains will be between 1.1465-1.1615. Today's short-term resistance is between 1.1460 and 1.1465. The important short-term resistance is between 1.1610 and 1.1615. The short-term support is between 1.1170 and -1.117. The important short-term support is between 1.1030 and -1.1035
Gold's decline above 3168.00 last Friday was supported, while its rise below 3246.00 encountered resistance, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 3187.00 today, the target for future gains will be between 3265.00 and 3294.00. Today, the short-term resistance of gold is at 3264.00-3265.00. The important short-term resistance is at 3293.00-3294.00. The short-term support of gold is at 3187.00-3188.00. The important short-term support is at 3139.00-3140.00
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 101.10-99.05, 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 1.1465-1.1175, 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 of 1.3150-1.2960, 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 sell within the upper limit of the range of 0.8255 to 0.8095, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
USD/JPY: You can sell within the upper limit of the range of 145.05-142.30, with an effective break of 40 points and a stop loss at the lower limit of the range.
AUD/USD: You can sell within the upper limit of the range of 0.6330-0.6210, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
USD/CAD: You can sell at the upper limit of the range from 1.3980 to 1.3820, with an effective break of 40 points and a stop loss at the lower limit of the range.
Gold: You can buy at the lower limit of the range from 3265.00 to 3188.00, with an effective stop loss of $20 and a target at the upper limit of the range.
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