Short term trading strategies for major foreign exchange currencies on April 23rd

2025-04-23 2647

Technically speaking, the US dollar index encountered resistance below 99.00 on Tuesday and was supported above 98.00, indicating that the short-term rise of the US dollar may maintain its downward trend. If the US Composite Index encounters resistance below 99.90 today, the target for future decline will be between 98.90 and 98.60. Today, the short-term resistance of the US index is between 99.85 and 99.90. The important short-term resistance is between 100.25 and 100.30. The short-term support of the US index is between 98.90 and 98.95. The important short-term support is between 98.60 and 98.65

The EUR/USD fell above 1.1420 on Tuesday and received support, while its rise below 1.1550 was blocked, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.1300, the target for future gains will be between 1.1430 and 1.1465. Today's short-term resistance is between 1.1425 and 1.1430. The important short-term resistance is between 1.1460 and 1.1465. Today's short-term support is between 1.1300 and 1.1305. The important short-term support is between 1.1260 and 1.1265

Gold was supported on Tuesday when it fell above 3366.00, but encountered resistance when it rose below 3500.00, indicating that it may maintain a downward trend after short-term gains in Europe and the United States. If gold encounters resistance below 3381.00 today, the target for future decline will be between 3312.00 and -3283.00. Today, the short-term resistance in Europe and America is between 3380.00 and 3381.00. The important short-term resistance is between 3415.00 and 3416.00. The short-term support in Europe and America is between 3312.00 and 3313.00. The important short-term support is between 3283.00 and 32884.00

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 99.90 to 98.90, 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 1.1430-1.1305, effectively breaking the 40 point stop loss and targeting the upper limit of the range.

GBP/USD: You can sell at the upper limit of the range from 1.3340 to 1.3230, with an effective break of 40 points and a stop loss at the lower limit of the range.

USD/CHF: You can sell within the upper limit of the range of 0.8290-0.8190, 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 143.20-141.50, 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 0.6420-0.6350, 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 sell within the upper limit of the range of 1.3890-1.3785, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.

Gold: It can be sold at the upper limit of the range of 3380.00-3313.00, with an effective stop loss of $20 and a target at the lower limit of the range.

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