Short term trading strategy for major foreign exchange currencies on April 29th
Technically speaking, the US dollar index encountered resistance on Monday when it rose below 99.85, and was supported when it fell above 98.90, indicating that the US dollar may maintain its downward trend after a short-term rise. If the US Composite Index encounters resistance below 99.60 today, the target for future decline will be between 98.65 and 98.35. Today, the short-term resistance of the US index is between 99.25-99.30. The important short-term resistance is between 99.55-99.60. The short-term support of the US index is between 98.65-98.70. The important short-term support is between 98.35-98.40
The EUR/USD fell above 1.1330 on Monday and received support, while its rise was blocked below 1.1425, indicating that it may maintain its upward trend after a short-term decline. If today's decline stabilizes above 1.1355, the target for future gains will be between 1.1450 and 1.1485. Today's short-term resistance is between 1.1445 and 1.1450. The important short-term resistance is between 1.1480 and 1.1485. The short-term support is between 1.1385 and 1.1390. The important short-term support is between 1.1355 and -1.1360
Gold was supported on Monday when it fell above 3268.00, but encountered resistance when it rose below 3353.00, indicating that it may maintain its upward trend after a short-term decline in Europe and the United States. If gold stabilizes above 3293.00 today, the target for future upward movement will be between 3379.00 and 3409.00. Today, the short-term resistance in Europe and America is between 3378.00 and 3379.00. The important short-term resistance is between 3408.00 and 3409.00. The short-term support in Europe and America is between 3323.00 and 3324.00. The important short-term support is between 3293.00 and 3294.00
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 99.60-98.70 range, 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 1.1450-1.1355, 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 1.3485 to 1.3380, 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 within the upper limit of the range of 0.8285 to 0.8165, 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 sell within the upper limit of the range of 142.70 to 141.45, 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 sell within the upper limit of the range of 0.6450-0.6385, with an effective break of 30 points and a stop loss at the lower limit of the range.
USD/CAD: You can sell within the upper limit of the range of 1.3885-1.3805, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.
Gold: You can buy at the lower limit of the range from 3379.00 to 3323.00, with an effective stop loss of $20 and a target at the upper limit of the range.
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