1.31 Short term trading strategy for major foreign exchange currencies
Technically speaking, the US dollar index encountered resistance below 108.25 on Thursday and was supported above 107.50, indicating that the short-term rise of the US dollar may maintain its downward trend. If the US Composite Index encounters resistance below 108.20 today, the target for future decline will be between 107.40 and 107.10. Today, the short-term resistance of the US index is between 108.15 and 108.20. The important short-term resistance is between 108.55 and 108.60. The short-term support of the US index is between 107.40 and 107.45. The important short-term support is between 107.10 and 107.15
The EUR/USD fell above 1.0385 on Thursday and received support, while its rise was blocked below 1.0470, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0385, the target for future gains will be between 1.0470 and 1.0510. Today's short-term resistance is 1.0465-1.0470. The important short-term resistance is 1.0505--1.0510. Today's short-term support is 1.0385--1.0390. The important short-term support is 1.0345--1.0350
Gold's decline above 2753.00 on Thursday was supported, while its rise below 2799.00 encountered resistance, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 2765.00 today, the target for future upward movement will be between 2810.00 and 2827.00. Today, the short-term resistance of gold is between 2809.00 and 2810.00. The important short-term resistance is between 2827.00 and 2828.00. The short-term support for gold is between 2781.00 and 2782.00. The important short-term support is between 2765.00 and 2766.00
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 108.20-107.40, with an effective break of 30 points and a stop loss, targeting the upper limit of the range.
EUR/USD: You can buy at the lower limit of the range 1.0470-1.0385, effectively breaking the 40 point stop loss and targeting the upper limit of the range.
GBP/USD: You can buy at the lower limit of the range 1.2490-1.2420, 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 buy at the lower limit of the range from 0.9105 to 0.9060, with an effective break of 25 points and a stop loss at the upper limit of the range.
USD/JPY: You can sell at the upper limit of the range from 155.05 to 153.45, 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 0.6255 to 0.6210, 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 within the upper limit of the range of 1.4540-1.4340, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
Gold: You can buy at the lower limit of the range from 2810.00 to 2766.00, with an effective stop loss of $10 and a target at the upper limit of the range.
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