3.11 Short term trading strategies for major foreign exchange currencies

2025-03-11 2304

Technically speaking, the US dollar index encountered resistance on Monday when it rose below 104.10, and was supported when it fell above 103.55, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 103.65 today, the target for future gains will be between 104.20 and 104.40. Today, the short-term resistance of the US index is between 104.15 and 104.20. The important short-term resistance is between 104.35 and 104.40. The short-term support of the US index is between 103.65 and 103.70. The important short-term support is between 103.35 and 103.40

The EUR/USD fell above 1.0805 on Monday and received support, while its rise below 1.0875 was blocked, indicating that it may maintain a downward trend after a short-term rise. If today's rise encounters resistance below 1.0870, the target for future decline will be between 1.0795-1.0770. Today's short-term resistance is at 1.0865-1.0870. The important short-term resistance is at 1.0900-1.0905. Today's short-term support is at 1.0795-1.0800. The important short-term support is at 1.0770-1.0775

Gold was supported on Monday when it fell above 2880.00, but encountered resistance when it rose below 2919.00, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 2910.00 today, the target for future decline will be between 2871.00 and 2856.00. Today, the short-term resistance of gold is between 2909.00 and 2910.00. The important short-term resistance is between 2932.00 and 2933.00. The short-term support for gold is between 2871.00 and 2872.00. The important short-term support is between 2856.00 and 2857.00

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 of 104.20-103.65, 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 1.0870 to 1.0800, effectively breaking the 35 point stop loss and targeting the lower limit of the range.

GBP/USD: You can sell at the upper limit of the range 1.2925-1.2840, 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 of 0.8840-0.8775, with an effective break of 40 points and a stop loss at the upper limit of the range.

USD/JPY: You can buy at the lower limit of the range from 147.95 to 146.60, 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 0.6315 to 0.6245, with an effective stop loss of 40 points below the level, and the target is at the lower limit of the range.

USD/CAD: You can buy at the lower limit of the range from 1.4510 to 1.4380, 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 2910.00-2871.00, 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/361178.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