12.24 Short term trading strategy for foreign exchange currencies

2024-12-24 2212

Technically speaking, the US dollar index encountered resistance on Monday when it rose below 108.30, and was supported when it fell above 107.65, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 108.35 today, the target for future decline will be between 107.70 and 107.40. Today, the short-term resistance of the US Composite Index is between 108.30-108.35, and the important short-term resistance is between 108.55-108.60. Today, the short-term support for the US Composite Index is between 107.70 and 107.75, with important short-term support at 107.40 and 107.45.

The EURUSD fell above 1.0380 on Monday and received support, while its rise was blocked below 1.0450, indicating that EURUSD may maintain its upward trend after a short-term decline. If EURUSD stabilizes after falling above 1.0380 today, the target for future gains will be between 1.0445 and 1.0475. Today, the short-term resistance of EURUSD is between 1.0440 and 1.0445, and the important short-term resistance is between 1.0470 and 1.0475. Today, the short-term support for EURUSD is between 1.0380 and 1.0385, with important short-term support at 1.0350 to 1.0355.

Gold was supported on Monday when it fell above 2608.00, but encountered resistance when it rose below 2634.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2601.00 today, the target for future gains will be between 2627.00 and 2643.00. Today, the short-term resistance of gold is between 2626.00 and 2627.00, and the important short-term resistance is between 2642.00 and 2643.00. Today, the short-term support for gold is between 2601.00 and 2602.00, and the important short-term support is between 2592.00 and 25993.00.

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 108.30-107.70, 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 1.0445-1.0380, with an effective break of 30 points and a stop loss, targeting the upper limit of the range.

GBP/USD: You can buy at the lower limit of the range of 1.2580-1.2500, 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 at the upper limit of the range from 0.9020 to 0.8935, with an effective stop loss of 35 points, and the target is at the lower limit of the range.

USD/JPY: You can sell within the upper limit of the range of 157.50 to 156.50, 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 0.6270 to 0.6220, with an effective break of 30 points and a stop loss at the upper limit of the range.

USD/CAD: You can sell within the upper limit of the range of 1.4420-1.4335, 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 2627.00 to 2601.00, with an effective stop loss of $10 and a target at the upper limit of the range.

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