Short term trading strategy for foreign exchange currencies on November 27th

2024-11-27 2984

Technically speaking, the US dollar index encountered resistance below 107.55 on Tuesday, while support was provided above 106.45, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 107.55 today, the target for future decline will be between 106.45 and 105.95. Today, the short-term resistance of the US Composite Index is between 107.50 and 107.55, with important short-term resistance ranging from 108.05 to 108.10.

Today, the short-term support for the US Composite Index is between 106.45 and 106.50, with important short-term support ranging from 105.95 to 106.00. On Tuesday, the decline in Europe and the United States above 1.0425 was supported, while the rise below 1.0545 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 1.0415 today, the target for future gains will be between 1.0540 and 1.0600. Today, the short-term resistance in Europe and America is between 1.0535 and 1.0540, and the important short-term resistance is between 1.0595 and 1.0600. Today, the short-term support for Europe and America is between 1.0415 and 1.0420, with important short-term support at 1.0360-1.0365. Gold's decline above 2605.00 on Tuesday was supported, while its rise below 2642.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2645.00 today, the target for future decline will be between 2608.00 and 2588.00. Today, the short-term resistance of gold is between 2644.00 and 2645.00, and the important short-term resistance is between 2661.00 and 2662.00. Today, the short-term support for gold is between 2608.00 and 2609.00, and the important short-term support is between 2588.00 and 2589.00.

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 107.55-106.45, 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 1.0540 to 1.0420, 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 1.2610-1.2500, 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 0.8900-0.8845, with an effective break of 30 points and a stop loss at the lower limit of the range.

USD/JPY: You can sell at the upper limit of the range from 154.05 to 152.55, with an effective break of 40 points and a stop loss at the lower limit of the range.

AUD/USD: You can sell within the upper limit of the range of 0.6500-0.6425, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.

USD/CAD: You can buy at the lower limit of the range from 1.4170 to 1.3970, 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 2645.00-2608.00, with an effective break of $10 stop loss and a target at the lower limit of the range.

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