Short term trading strategies for major foreign exchange currencies on March 19th
Technically speaking, the US dollar index encountered resistance on Tuesday when it rose below 103.70, and was supported when it fell above 103.15, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 103.55 today, the target for future decline will be between 103.05 and 102.90. Today, the short-term resistance of the US index is between 103.50 and 103.55. The important short-term resistance is between 103.80 and 103.85. The short-term support of the US index is between 103.05 and 103.10. The important short-term support is between 102.90 and 102.95
The EUR/USD fell above 1.0890 on Tuesday and received support, while its rise was blocked below 1.0955, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0905, the target for future gains will be between 1.0970-1.0990. Today's short-term resistance is between 1.0965 and 1.0970. The important short-term resistance is between 1.0985 and 1.0990. The short-term support is between 1.0905 and 1.0910. The important short-term support is between 1.0870 and 1.0875
Gold was supported on Tuesday when it fell above 2999.00, but encountered resistance when it rose below 3039.00, indicating that gold may maintain its upward trend after a short-term decline. If gold stabilizes above 3010.00 today, the target for future upward movement will be between 3050.00 and 3064.00. Today, the short-term resistance of gold is between 3049.00 and 3050.00. The important short-term resistance is between 3063.00 and 3064.00. The short-term support for gold is between 3010.00 and 3011.00. The important short-term support is between 2985.00 and 2986.00
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 from 103.55 to 102.90, 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 of 1.0990-1.0905, 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 from 1.3045 to 1.2965, 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 sell at the upper limit of the range of 0.8805-0.8725, with an effective stop loss of 35 points below the level, and the target is at the lower limit of the range.
USD/JPY: You can buy at the lower limit of the range from 149.80 to 148.90, 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 0.6410 to 0.6340, 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 1.4325-1.4250, with an effective break of 30 points and a stop loss at the lower limit of the range.
Gold: You can buy at the lower limit of the range from 3063.00 to 3011.00, with an effective stop loss of $10 and a target at the upper limit of the range.
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