Short term trading strategies for major foreign exchange currencies on April 24th

2025-04-24 2469

Technically speaking, the US dollar index encountered resistance below 99.90 on Wednesday and was supported above 98.85, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 99.15 today, the target for future gains will be between 100.25 and 100.60. Today, the short-term resistance of the US Composite Index is between 100.20 and 100.25. The important short-term resistance is between 100.55 and 100.60. The short-term support of the US Composite Index is between 99.50 and 99.95. The important short-term support is between 99.15 and 99.20

The EUR/USD fell above 1.1305 on Wednesday and received support, while its rise was blocked below 1.1440, indicating that it may maintain a downward trend after a short-term rise. If today's rise encounters resistance below 1.1410, the target for future decline will be between 1.1275 and 1.1225. Today's short-term resistance is 1.1355-1.1360. The important short-term resistance is 1.1405-1.1410. Today's short-term support is 1.1275-1.1280. The important short-term support is 1.1225-1.1230

Gold was supported on Wednesday when it fell above 3260.00, but encountered resistance when it rose below 3387.00, indicating that it may maintain a downward trend after short-term gains in Europe and the United States. If gold encounters resistance below 3310.00 today, the target for future decline will be between 3233.00 and 3183.00. Today, the short-term resistance in Europe and America is between 3309.00 and 3310.00. The important short-term resistance is between 3359.00 and 3360.00. The short-term support in Europe and America is between 3233.00 and 3234.00. The important short-term support is between 3183.00 and 3184.00

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.

USD index: You can buy at the lower limit of the range from 100.25 to 99.20, 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 at the upper limit of the range 1.1405-1.1275, effectively breaking the 40 point stop loss and targeting the lower limit of the range.

GBP/USD: Can be sold at the upper limit of the range 1.3325-1.3220, 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 0.8340 to 0.8220, with an effective break of 40 points to stop loss, and the target is at the upper limit of the range.

USD/JPY: You can buy at the lower limit of the range from 144.15 to 142.10, 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 0.6415-0.6330, 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 1.3930 to 1.3820, with an effective break of 40 points and a stop loss at the upper limit of the range.

Gold: You can sell within the upper limit of the range of 3310.00 to 3233.00, with an effective stop loss of $20 and a target at the lower limit of the range.

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