1.20 Short term trading strategy for major foreign exchange currencies

2025-01-20 2760

Technically speaking, the US dollar index encountered resistance in its rise below 109.45 last Friday, while its decline above 108.80 was supported, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 108.95 today, the target for future gains will be between 109.60 and 109.80. Today, the short-term resistance of the US index is between 109.55 and 109.60. The important short-term resistance is between 109.75 and 109.80. The short-term support of the US index is between 108.95 and 109.00. The important short-term support is between 108.60 and 108.65

The EUR/USD fell above 1.0265 last Friday and received support, while its rise was blocked below 1.0330, indicating that it may maintain a downward trend after a short-term rise. If today's rise encounters resistance below 1.0320, the target for future decline will be between 1.0250 and 1.0225. Today, the short-term resistance is 1.0315-1.0320. The important short-term resistance is 1.0350-1.0355. The short-term support for EURUSD is between 1.0250 and 1.0255. The important short-term support is between 1.0225 and 1.0230

Gold's decline above 2698.00 last Friday was supported, while its rise below 2715.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2715.00 today, the target for future decline will be between 2695.00 and 2687.00. Today, the short-term resistance of gold is between 2714.00 and 2715.00. The important short-term resistance is between 2725.00 and 2726.00. The short-term support for gold is between 2695.00 and 2696.00. The important short-term support is between 2687.00 and 2688.00

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.

USD index: You can buy at the lower limit of the 109.80-109.00 range, 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 1.0315 to 1.0225, effectively breaking the 40 point stop loss and targeting the lower limit of the range.

GBP/USD: Can be sold at the upper limit of the range 1.2220-1.2110, with an effective break of 40 points and a stop loss at the lower limit of the range.

USD/CHF: You can buy at the lower limit of the range from 0.9190 to 0.9110, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.

USD/JPY: You can buy at the lower limit of the range from 157.20 to 155.80, with an effective break of 40 points and a stop loss at the upper limit of the range.

AUD/USD: You can sell within the upper limit of the range of 0.6230 to 0.6135, with an effective break of 35 points and a stop loss at the lower limit of the range.

USD/CAD: You can buy at the lower limit of the range of 1.4545-1.4400, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.

Gold: can be sold at the upper limit of the range of 2714.00-2688.00, with an effective break of $10 stop loss and a target at the lower limit of the range.

Sign In via X Google Sign In via Google
This page link:http://www.fxcue.com/349883.html
Tips:This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement:Contact us if the content violates the law or your rights

Please sign in

关注我们的公众号

微信公众号