12.30 Short term trading strategies for major foreign exchange currencies

2024-12-30 2185

Technically speaking, the US dollar index encountered resistance when rising below 108.20 last Friday, and was supported when falling above 107.85, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 108.20 today, the target for future decline will be between 107.80 and 107.65. Today, the short-term resistance of the US Composite Index is between 108.15 and 108.20, with important short-term resistance ranging from 108.35 to 108.40. Today, the short-term support for the US Composite Index is between 107.80 and 107.85, with important short-term support at 107.65 and 107.70.

Last Friday, EURUSD fell above 1.0405 and received support, while its rise was blocked below 1.0445, indicating that EURUSD may maintain its upward trend after a short-term decline. If EURUSD stabilizes above 1.0405 today, the target for future gains will be between 1.0450 and 1.0465. Today, the short-term resistance of EURUSD is between 1.0445 and 1.0450, and the important short-term resistance is between 1.0460 and 1.0465. Today, the short-term support for EURUSD is between 1.0405 and 1.0410, with important short-term support between 1.0385 and 1.0390.

Last Friday, gold fell above 2611.00 and received support, while its rise was blocked below 2639.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2608.00 today, the target for future gains will be between 2636.00 and 2651.00. Today, the short-term resistance of gold is between 2635.00 and 2636.00, and the important short-term resistance is between 2650.00 and 2651.00. Today, the short-term support for gold is between 2608.00 and 2609.00, and the important short-term support is between 2596.00 and 25997.00.

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 108.20-107.70, with an effective break of 20 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 1.0465-1.0405, effectively breaking the 25 point stop loss and targeting the upper limit of the range.

GBP/USD: You can buy at the lower limit of the range 1.2645-1.2525, with an effective break of 40 points and a stop loss, targeting the upper limit of the range.

USD/CHF: You can buy at the lower limit of the range from 0.9035 to 0.8995, 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 158.20-157.10, with an effective break of 30 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 0.6245 to 0.6205, with an effective break of 25 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 1.4450 to 1.4370, 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 2650.00 to 2608.00, with an effective stop loss of $10 and a target at the upper limit of the range.

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