Short term trading strategies for major foreign exchange currencies on November 25th
Technically speaking, the US dollar index encountered resistance when rising below 108.10 last Friday, and was supported when falling above 106.90, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 106.95 today, the target for future gains will be between 107.55 and 108.15.
Today, the short-term resistance of the US Composite Index is at 107.50-107.55, and the important short-term resistance is at 108.10-108.15. Today, the short-term support of the US Composite Index is between 106.95-107.00, and the short-term important support is between 106.35-106.40. Last Friday, the decline in Europe and the United States above 1.0330 was supported, while the rise below 1.0500 encountered resistance, indicating that the short-term rise in Europe and the United States may maintain a downward trend. If the rise in Europe and America today encounters resistance below 1.0495, the target for future decline will be between 1.0410 and 1.0330. Today, the short-term resistance in Europe and America is between 1.0490 and 1.0495, and the important short-term resistance is between 1.0575 and 1.0580.
Today, the short-term support for Europe and America is between 1.0410 and 1.0415, with important short-term support at 1.0330-1.0335. Gold received support for its decline above 2668.00 last Friday, while its rise encountered resistance below 2717.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2697.00 today, the target for future increases will be between 2727.00 and 2746.00. Today, the short-term resistance of gold is between 2726.00 and 2727.00, with important short-term resistance ranging from 2745.00 to 2746.00. Today, the short-term support for gold is between 2697.00 and 2698.00, and the important short-term support is between 2678.00 and 2679.00.
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 107.55-106.95, 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 1.0495 to 1.0410, 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 1.2590-1.2525, with an effective break of 40 points and a stop loss at the lower limit of the range.
USD/CHF: You can buy at the lower limit of the range from 0.8945 to 0.8880, with an effective break of 30 points and a stop loss at the upper limit of the range.
USD/JPY: You can sell within the upper limit of the range of 154.80 to 154.15, with an effective break of 40 points and a stop loss at the lower limit of the range.
AUD/USD: You can buy at the lower limit of the range 0.6545-0.6495, with an effective break of 30 points and a stop loss, targeting the upper limit of the range.
USD/CAD: You can buy at the lower limit of the range from 1.4015 to 1.3945, 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 2727.00 to 2697.00, with an effective stop loss of $10 and a target at the upper limit of the range.
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