Short term trading strategies for major foreign exchange currencies on April 21st

2025-04-21 1424

Technically speaking, the US dollar index encountered resistance when rising below 99.50 last Friday, and was supported when falling above 99.20, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 98.900 today, the target for future gains will be between 99.40 and 99.55. Today, the short-term resistance of the US index is between 99.35 and 99.40. The important short-term resistance is between 99.50 and 99.55. The short-term support of the US index is between 98.90 and 98.95. The important short-term support is between 98.60 and 98.65

Last Friday, the decline in Europe and the United States above 1.1355 was supported, while the rise below 1.1400 encountered resistance, indicating that the short-term rise in Europe and the United States may maintain a downward trend. If the rise in Europe and America today encounters resistance below 1.1470, the target for future decline will be between 1.1370 and 1.1345. Today, the short-term resistance in Europe and America is between 1.1465 and -1.1470. The important short-term resistance is between 1.1495 and 1.1500. The short-term support in Europe and America is between 1.1370 and 1.1375. The important short-term support is between 1.1345 and 1.1350

Gold received support for its decline above 3284.00 last Thursday, while its rise encountered resistance below 3358.00, indicating that it may maintain its upward trend after a short-term decline in Europe and the United States. If gold stabilizes above 3319.00 today, the target for future upward movement will be between 3355.00 and 3394.00. Today, the short-term resistance in Europe and America is between 3354.00 and 3355.00. The important short-term resistance is between 3393.00 and 3394.00. The short-term support in Europe and America is between 3319.00 and 3320.00. The important short-term support is between 3300.00 and 3301.00

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.

The US dollar index can be bought at the lower limit of the 99.40-98.90 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 1.1470-1.1370, 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 1.3320-1.3225, 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 from 0.8195 to 0.8120, 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 142.45 to 141.60, 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 0.6395 to 0.6355, 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 1.3870-1.3810, with an effective break of 30 points and a stop loss at the lower limit of the range.

Gold: You can buy at the lower limit of the range from 3355.00 to 3319.00, with an effective stop loss of $15 and a target at the upper limit of the range.

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