Short term trading strategy for major foreign exchange currencies on April 3nd
Technically speaking, the US dollar index encountered resistance on Wednesday when it rose below 104.35, and was supported when it fell above 103.65, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 104.20 today, the target for future decline will be between 103.55 and 103.30. Today, the short-term resistance of the US index is between 104.15 and 104.20. The important short-term resistance is between 104.50 and 104.55. The short-term support of the US index is between 103.55 and 103.60. The important short-term support is between 103.30 and 103.35
The EUR/USD fell above 1.0780 on Wednesday and received support, while its rise was blocked below 1.0875, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.0795, the target for future upward movement will be between 1.0895-1.0930. Today's short-term resistance is at 1.0890-1.0895. The important short-term resistance is at 1.0925-1.0930. Today's short-term support is at 1.0795-1.0800. The important short-term support is at 1.0740-1.0745
Gold's decline above 3107.00 on Wednesday was supported, while its rise below 3136.00 encountered resistance, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 3150.00 today, the target for future decline will be between 3121.00 and 3107.00. Today, the short-term resistance of gold is at 3149.00-3150.00. The important short-term resistance is at 3159.00-3160.00. The short-term support of gold is at 3121.00-3122.00. The important short-term support is at 3107.00-3108.00
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 104.20-103.30, 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 1.0930-1.0800, 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 1.3040 to 1.2925, 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 0.8845-0.8795, with an effective break of 30 points and a stop loss at the lower limit of the range.
USD/JPY: You can sell within the upper limit of the range of 149.00 to 148.00, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
AUD/USD: You can buy at the lower limit of the range of 0.6340-0.6225, 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 within the upper limit of the range of 1.4345 to 1.4265, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
Gold: It can be sold at the upper limit of the range of 3150.00 to 3110.00, with an effective stop loss of $10 and a target at the lower limit of the range.
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