Short term trading guide for major currencies on November 19th

2024-11-19 1706

Technically speaking, the US dollar index encountered resistance on Monday when it rose below 106.85, and was supported when it fell above 106.10, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 106.70 today, the target for future decline will be between 106.00-105.70. Today, the short-term resistance of the US Composite Index is between 106.65 and 106.70, with important short-term resistance ranging from 107.05 to 107.10. Today, the short-term support for the US Composite Index is between 106.00 and 106.05, with important short-term support ranging from 105.70 to 105.75. On Monday, the decline in Europe and the United States above 1.0520 was supported, while the rise below 1.0610 encountered resistance, indicating that the short-term decline in Europe and the United States may maintain an upward trend. If the decline in Europe and America stabilizes above 1.0540 today, the target for future gains will be between 1.0625 and 1.0660. Today, the short-term resistance in Europe and America is between 1.0620 and 1.0625, with important short-term resistance ranging from 1.0655 to 1.0660. Today, the short-term support for Europe and America is between 1.0540 and 1.0545, and the important short-term support is between 1.0490 and 1.0495. Gold was supported on Monday when it fell above 2561.00, but encountered resistance when it rose below 2615.00, indicating that gold'>gold may maintain its upward trend after a short-term decline. If gold'>gold stabilizes above 2595.00 today, the target for future price increases will be between 2630.00 and 2650.00. Today, the short-term resistance of gold'>gold is at 2629.00-2630.00, and the important short-term resistance is at 2649-2650.00. Today, the short-term support for gold'>gold is between 2595.00-2596.00, and the important short-term support is between 2575.00-2576.00.

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 106.70-106.00, 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 from 1.0625 to 1.0540, 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 from 1.2705 to 1.2625, 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 0.8875 to 0.8815, with an effective break of 30 points to stop loss, and the target is at the lower limit of the range.

USD/JPY: You can sell at the upper limit of the range from 155.45 to 153.95, 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 buy at the lower limit of the range 0.6530-0.6465, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.

USD/CAD: You can sell at the upper limit of the range from 1.4080 to 1.3980, 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 2630.00 to 2595.00, with an effective stop loss of $10 and a target at the upper limit of the range.

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