Short term trading strategies for major foreign exchange currencies on April 22nd
Technically speaking, the US dollar index encountered resistance on Monday when it rose below 99.25, and was supported when it fell above 97.90, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 98.50 today, the target for future decline will be between 97.70-97.15. Today, the short-term resistance of the US index is between 98.45 and 98.50. The important short-term resistance is between 99.00 and 99.05. The short-term support of the US index is between 97.70 and 97.95. The important short-term support is between 97.15 and 97.20
The EUR/USD fell above 1.1390 on Monday and received support, while its rise was blocked below 1.1575, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.1490, the target for future gains will be between 1.1600 and 1.1675. Today's short-term resistance is between 1.1595 and 1.1600. The important short-term resistance is between 1.1670 and 1.1675. The short-term support is between 1.1490 and 1.1495. The important short-term support is between 1.1420 and 1.1425
Gold was supported on Monday when it fell above 3328.00, but encountered resistance when it rose below 3431.00, indicating that it may maintain its upward trend after a short-term decline in Europe and the United States. If gold stabilizes above 3395.00 today, the target for future gains will be between 3462.00-3497.00. Today, the short-term resistance in Europe and America is 3461.00-3462.00. The important short-term resistance is 3496.00-3497.00. The short-term support in Europe and America is 3395.00-3396.00. The important short-term support is 3359.00-3.360.00
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 98.50-97.70, 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 1.1600-1.1495, 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 1.3445-1.3355, 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 0.8100 to 0.8020, with an effective break of 40 points and a stop loss at the lower limit of the range.
USD/JPY: You can sell within the upper limit of the range of 141.10-140.00, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
AUD/USD: You can sell within the upper limit of the range of 0.6445-0.6375, with an effective break of 30 points and a stop loss at the lower limit of the range.
USD/CAD: You can buy at the lower limit of the range of 1.3870 to 1.3795, 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 3462.00-3395.00, with an effective break of $20 to stop loss, and the target is at the upper limit of the range.
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