Short term trading strategies for major foreign exchange currencies on November 26th
Technically speaking, the US dollar index encountered resistance on Monday when it rose below 107.40, and was supported when it fell above 106.55, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 107.30 today, the target for future decline will be between 106.45 and 106.10.
Today, the short-term resistance of the US Composite Index is between 107.25 and 107.30, with important short-term resistance ranging from 107.70 to 107.75. Today, the short-term support for the US Composite Index is between 106.45 and 106.50, with important short-term support at 106.10-106.15. On Monday, the decline in Europe and the United States above 1.0445 was supported, while the rise below 1.0530 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 the United States stabilizes above 1.0460 today, the target for future gains will be between 1.0545 and 1.0575. Today, the short-term resistance in Europe and America is between 1.0545 and 1.0550, with important short-term resistance at 1.0570-1.0575.
Today, the short-term support for Europe and America is between 1.0460-1.0465, and the important short-term support is between 1.0410-1.0415. Gold was supported on Monday when it fell above 2615.00, but encountered resistance when it rose below 2722.00, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2655.00 today, the target for future decline will be between 2586.00 and 2549.00. Today, the short-term resistance of gold is between 2654.00 and 2655.00, and the important short-term resistance is between 2692.00 and 2693.00. Today, the short-term support for gold is at 2586.00-2587.00, and the important short-term support is at 2548.00-2549.00.
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 107.25-106.10, 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 of 1.0575-1.0460, 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 1.2650-1.2540, with an effective break of 40 points and a stop loss at the upper limit of the range.
USD/CHF: You can sell within the upper limit of the range of 0.8900-0.8810, 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 154.70 to 153.00, 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 from 0.6575 to 0.6480, with an effective break of 30 points and a stop loss at the upper limit of the range.
USD/CAD: You can buy at the lower limit of the range from 1.4050 to 1.3930, with an effective break of 40 points and a stop loss at the upper limit of the range.
Gold: can be sold at the upper limit of the range of 2655.00-2586.00, with an effective break of $10 stop loss and a target at the lower limit of the range.
Tips:This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement:Contact us if the content violates the law or your rights