12.26 Short term trading strategy for foreign exchange currencies

2024-12-26 1808

Technically speaking, the US dollar index encountered resistance below 108.30 on Tuesday and was supported above 108.00, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 107.95 today, the target for future gains will be between 108.25-108.40. Today, the short-term resistance of the US Composite Index is between 108.20 and 108.25, with important short-term resistance ranging from 108.35 to 108.40. Today, the short-term support for the US Composite Index is between 107.95 and 108.00, with important short-term support at 107.85 and 107.90.

The EURUSD fell above 1.0380 on Tuesday and received support, while its rise was blocked below 1.0415, indicating that EURUSD may maintain its downward trend after a short-term rise. If the EURUSD rises below 1.0425 today and encounters resistance, the target for future decline will be between 1.0395 and 1.0375. Today, the short-term resistance of EURUSD is between 1.0420-1.0425, and the important short-term resistance is between 1.0430-1.0435. Today, the short-term support for EURUSD is between 1.0395-1.0400, and the important short-term support is between 1.0375 and 1.0380.

Gold's decline above 2609.00 on Tuesday was supported, while its rise below 2622.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2622.00 today, the target for future decline will be between 2610.00 and 2604.00. Today, the short-term resistance of gold is at 2621.00-2622.00, and the important short-term resistance is at 2627.00-2628.00. Today, the short-term support for gold is between 2610.00 and 2611.00, and the important short-term support is between 2604.00 and 2605.00.

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 108.40-107.95, with an effective break of 15 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 1.0425-1.0375, effectively breaking the 20 point stop loss and targeting the lower limit of the range.

GBP/USD: You can sell at the upper limit of the range of 1.2580-1.2520, with an effective break of 30 points to stop loss, and the target is at the lower limit of the range.

USD/CHF: You can buy at the lower limit of the range from 0.9030 to 0.8985, with an effective break of 20 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 157.50 to 156.70, with an effective break of 30 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 0.6255 to 0.6210, with an effective break of 20 points and a stop loss at the lower limit of the range.

USD/CAD: You can buy at the lower limit of the range from 1.4450 to 1.4335, with an effective break of 30 points and a stop loss at the upper limit of the range.

Gold: It can be sold at the upper limit of the range of 2622.00 to 2605.00, with an effective stop loss of $10 and a target at the lower limit of the range.

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