Short term trading strategy for major foreign exchange currencies on April 25th
Technically speaking, the US dollar index encountered resistance in its rise below 99.95 on Thursday, while its decline above 99.20 was supported, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 99.05 today, the target for future gains will be between 99.55-99.80. Today, the short-term resistance of the US Index is between 99.50 and 99.55. The important short-term resistance is between 99.75 and 99.80. The short-term support of the US Index is between 99.05 and 99.10. The important short-term support is between 98.80 and 98.85
The EUR/USD fell above 1.1310 on Thursday and received support, while its rise below 1.1400 was blocked, indicating that it may maintain a downward trend after a short-term rise. If today's rise encounters resistance below 1.1415, the target for future decline will be between 1.1360 and 1.1325. Today's short-term resistance is between 1.1410 and 1.1415. The important short-term resistance is between 1.1445 and 1.1450. The short-term support is between 1.1360 and 1.1360. The important short-term support is between 1.1325 and 1.1330
Gold's decline above 3283.00 on Thursday was supported, while its rise below 3367.00 encountered resistance, indicating that it may maintain a downward trend after short-term gains in Europe and the United States. If gold encounters resistance below 3373.00 today, the target for future decline will be between 3328.00 and 3290.00. Today, the short-term resistance in Europe and America is between 3372.00 and 3373.00. The important short-term resistance is between 3411.00 and 3412.00. The short-term support in Europe and America is between 3328.00 and 3329.00. The important short-term support is between 3290.00 and 3291.00
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 99.80-99.05 range, 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 1.1415-1.1325, effectively breaking the 40 point stop loss and targeting the lower limit of the range.
GBP/USD: You can sell within the upper limit of the range of 1.3365-1.3270, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
USD/CHF: You can buy at the lower limit of the range from 0.8315 to 0.8245, with an effective break of 40 points and a stop loss at the upper limit of the range.
USD/JPY: You can buy at the lower limit of the range from 143.45 to 142.15, 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 0.6455-0.6360, 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 buy at the lower limit of the range from 1.3895 to 1.3835, with an effective break of 40 points and a stop loss at the upper limit of the range.
Gold: can be sold at the upper limit of the range 3373.00-3290.00, with an effective stop loss of $20 and a target at the lower limit of the range.
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