Short term trading strategy for major foreign exchange currencies on April 17th
Technically speaking, the US dollar index encountered resistance on Wednesday when it rose below 100.20, and was supported when it fell above 99.15, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 98.95 today, the target for future gains will be between 99.60-100.00. Today, the short-term resistance of the US index is between 99.60-99.65. The important short-term resistance is between 99.95-1000.00. The short-term support of the US index is between 98.95-99.00. The important short-term support is between 98.55-98.60
The EUR/USD fell above 1.1280 on Wednesday and received support, while its rise was blocked below 1.1415, indicating that the short-term rise in Europe and the United States may maintain a downward trend. If today's rise encounters resistance below 1.1440, the target for future decline will be between 1.1355-1.1305. Today's short-term resistance is between 1.1435 and 1.1440. The important short-term resistance is between 1.1490 and 1.1495. The short-term support is between 1.1355 and -1.1360. The important short-term support is between 1.1305 and 1.1310
Gold's decline above 3226.00 on Wednesday was supported, while its rise below 3343.00 encountered resistance, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 3302.00 today, the target for future gains will be between 3379.00-3419.00. Today, the short-term resistance of gold is between 3378.00 and 3379.00. The important short-term resistance is between 3418.00 and 3419.00. The short-term support for gold is between 3302.00 and 3303.00. The important short-term support is between 3262.00 and 3263.00
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 99.60-98.95 range, 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 1.1440-1.1360, 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 1.3280-1.3195, 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 0.8170-0.8095, 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 142.35 to 141.40, 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 0.6400 to 0.6330, with an effective break of 30 points to stop loss, and the target is at the lower limit of the range.
USD/CAD: You can buy at the lower limit of the range from 1.3945 to 1.3835, with an effective break of 40 points and a stop loss at the upper limit of the range.
Gold: You can buy at the lower limit of the range from 3379.00 to 3302.00, with an effective stop loss of $20 and a target at the upper limit of the range.
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