3.18 Short term trading strategy for major foreign exchange currencies

2025-03-18 1007

Technically speaking, the US dollar index encountered resistance on Monday when it rose below 103.85, and was supported when it fell above 103.25, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 103.75 today, the target for future decline will be between 103.10-102.90. Today, the short-term resistance of the US index is at 103.70-103.75. The important short-term resistance is at 104.05-104.10. The short-term support of the US index is at 103.10-103.15. The important short-term support is at 102.90-102.95

The EUR/USD fell above 1.0865 on Monday and received support, while its rise was blocked below 1.0930, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0885, the target for future gains will be between 1.0950-1.0970. Today's short-term resistance is between 1.0945 and 1.0950. The important short-term resistance is between 1.0965 and 1.0970. The short-term support is between 1.0885 and 1.0890. The important short-term support is between 1.0845 and 1.0850

Gold's decline above 2982.00 on Monday was supported, while its rise below 3002.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 3007.00 today, the target for future decline will be between 2987.00 and 2975.00. Today, the short-term resistance of gold is between 3006.00 and 3007.00. The important short-term resistance is between 3013.00 and 3014.00. The short-term support for gold is between 2987.00 and 2988.00. The important short-term support is between 2975.00 and 2976.00

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 103.75-102.95, with an effective break of 30 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 1.0970-1.0885, 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 1.3050-1.2950, with an effective break of 40 points and a stop loss, targeting the upper limit of the range.

USD/CHF: You can sell at the upper limit of the range of 0.8840-0.8765, with an effective break of 35 points and a stop loss at the lower limit of the range.

USD/JPY: You can buy at the lower limit of the range from 149.90 to 148.55, with an effective break of 40 points and a stop loss at the upper limit of the range.

AUD/USD: You can buy at the lower limit of the range of 0.6440-0.6345, with an effective break of 40 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 1.4350-1.4210, with an effective break of 40 points and a stop loss at the lower limit of the range.

Gold: can be sold at the upper limit of the range from 3007.00 to 2987.00, with an effective stop loss of $10 and a target at the lower limit of the range.

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