1.14 Short term trading strategy for major foreign exchange currencies

2025-01-14 2487

Technically speaking, the US dollar index encountered resistance on Monday when it rose below 110.20, and was supported when it fell above 109.55, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 109.25 today, the target for future gains will be between 109.65 and 109.95. Today, the short-term resistance of the US Composite Index is between 109.60 and 109.65, with important short-term resistance ranging from 109.90 to 109.95. Today, the short-term support for the US Composite Index is between 109.25 and 109.30, with important short-term support between 109.00 and 109.05.

EURUSD was supported on Monday's decline above 1.0175, but encountered resistance below 1.0250, indicating that it may maintain a downward trend after a short-term rise. If the EURUSD rises below 1.0285 today and encounters resistance, the target for future decline will be between 1.0240 and 1.0205. Today's short-term resistance is between 1.0280 and 1.0285, with important short-term resistance ranging from 1.0300 to 1.0305. Today's short-term support is between 1.0240 and 1.0245, and short-term important support is between 1.0205 and 1.0210.

Gold was supported on Monday when it fell above 2656.00, but encountered resistance when it rose below 2694.00, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2683.00 today, the target for future decline will be between 2645.00-2633.00. Today, the short-term resistance of gold is between 2669.00 and 2670.00, and the important short-term resistance is between 2682.00 and 2683.00. Today, the short-term support for gold is between 2645.00 and 2646.00, and the important short-term support is between 2633.00 and 2634.00.

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 from 19.95 to 109.25, with an effective break of 30 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 1.0285 to 1.0205, effectively breaking the 40 point stop loss and targeting the lower limit of the range.

GBP/USD: You can buy at the lower limit of the range 1.2270-1.2110, with an effective break of 40 points and a stop loss at the upper limit of the range.

USD/CHF: You can buy at the lower limit of the range of 0.9190-0.9135, with an effective break of 30 points to stop loss, and the target is at the upper limit of the range.

USD/JPY: You can sell within the upper limit of the range of 158.20-156.50, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.

AUD/USD: You can buy at the lower limit of the range of 0.6205 to 0.6155, with an effective break of 30 points to stop loss, and the target is at the upper limit of the range.

USD/CAD: You can sell at the upper limit of the range 1.4410-1.4340, with an effective break of 35 points and a stop loss at the lower limit of the range.

Gold: It can be sold at the upper limit of the range of 2682.00 to 2645.00, with an effective stop loss of $10 and a target at the lower limit of the range.

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