Short term trading strategies for major foreign exchange currencies on April 16th

2025-04-16 1527

Technically speaking, the US dollar index encountered resistance below 100.30 on Tuesday and was supported above 99.45, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 99.70 today, the target for future gains will be between 100.50-100.80. Today, the short-term resistance of the US index is between 100.45 and 100.50. The important short-term resistance is between 100.75 and 100.80. The short-term support of the US index is between 99.70 and 99.75. The important short-term support is between 99.20 and 99.25

The EUR/USD fell above 1.1260 on Tuesday and received support, while its rise was blocked below 1.1380, indicating that it may maintain a downward trend after a short-term rise. If today's rise encounters resistance below 1.1350, the target for future decline will be between 1.1230 and 1.1190. Today's short-term resistance is between 1.1345 and 1.1350. The important short-term resistance is between 1.1415 and 1.1420. The short-term support is between 1.1230 and 1.1235. The important short-term support is between 1.1190 and 1.1195

Gold's decline above 3207.00 on Tuesday was supported, while its rise below 3233.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 3239.00 today, the target for future decline will be between 3213.00 and 3197.00. Today, the short-term resistance of gold is at 3238.00-3239.00. The important short-term resistance is at 3248.00-3249.00. The short-term support of gold is at 3213.00-3214.00. The important short-term support is at 3197.00-3198.00

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 100.50-99.70, 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 1.1350-1.1230, effectively breaking the 40 point stop loss and targeting the lower limit of the range.

GBP/USD: You can sell at the upper limit of the range of 1.3260 to 1.3170, with an effective stop loss of 40 points below the level, and the target is at the lower limit of the range.

USD/CHF: You can buy at the lower limit of the range from 0.8260 to 0.8160, 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 143.65 to 142.65, with an effective break of 40 points and a stop loss at the upper limit of the range.

AUD/USD: You can sell within the upper limit of the range of 0.6380-0.6315, 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 1.4015 to 1.3885, 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 3239.00-3213.00, with an effective break of $15 stop loss and a target at the lower limit of the range.

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