Short term trading strategy for major foreign exchange currencies on April 18th
Technically speaking, the US dollar index encountered resistance on Thursday when it rose below 99.75, and was supported when it fell above 99.15, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 99.70 today, the target for future decline will be between 99.10-98.90. Today, the short-term resistance of the US dollar index is between 99.65 and 99.70. The important short-term resistance is between 99.95 and -100000. The short-term support of the US dollar index is between 99.10 and 99.15. The important short-term support is between 98.90 and 98.95
The EUR/USD fell above 1.1335 on Thursday and received support, while its rise was blocked below 1.1410, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.1335, the target for future gains will be between 1.1410 and 1.1445. Today's short-term resistance is between 1.1405 and 1.1410. The important short-term resistance is between 1.1440 and 1.1445. The short-term support is between 1.1335 and 1.1340. The important short-term support is between 1.1300 and 1.1305
Gold is closed today due to Good Friday, and technical analysis will be suspended for one day.
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 99.70-99.10, 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 1.1410 to 1.1335, effectively breaking the 40 point stop loss and targeting the upper limit of the range.
GBP/USD: You can sell at the upper limit of the range of 1.3294-1.3225, with an effective break of 30 points and a stop loss at the lower limit of the range.
USD/CHF: You can sell within the upper limit of the range of 0.8240 to 0.8130, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
USD/JPY: You can buy at the lower limit of the range of 143.15 to 141.70, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.
AUD/USD: You can sell within the upper limit of the range of 0.6415 to 0.6350, with an effective break of 25 points and a stop loss at the lower limit of the range.
USD/CAD: You can sell at the upper limit of the range from 1.3890 to 1.3810, with an effective break of 40 points and a stop loss at the lower limit of the range.
Gold: Closed on Good Friday
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