Short term trading strategy for major foreign exchange currencies on April 30th

2025-04-30 1397

Technically speaking, the US dollar index encountered resistance below 99.40 on Tuesday and was supported above 98.90, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 98.95 today, the target for future gains will be between 99.45 and 99.65. Today, the short-term resistance of the US index is between 99.40 and 99.45. The important short-term resistance is between 99.60 and 99.65. The short-term support of the US index is between 98.95 and 99.00. The important short-term support is between 98.70 and 98.75

The EUR/USD fell above 1.1370 on Tuesday and received support, while its rise was blocked below 1.1425, 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 1.1335. 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 1.1365. The important short-term support is between 1.1335 and 1.1340

Gold was supported on Tuesday when it fell above 3299.00, but encountered resistance when it rose below 3352.00, indicating that it may maintain its upward trend after a short-term decline in Europe and the United States. If gold stabilizes above 3295.00 today, the target for future gains will be between 3348.00 and 3336.00. Today, the short-term resistance in Europe and America is between 3347.00 and 3348.00. The important short-term resistance is between 3375.00 and 3376.00. The short-term support in Europe and America is between 3295.00 and 3296.00. The important short-term support is between 3271.00 and 3272.00

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 99.65-98.95 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 1.1415-1.1335, effectively breaking the 40 point stop loss and targeting the lower limit of the range.

GBP/USD: You can buy at the lower limit of the range from 1.3440 to 1.3370, 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 0.8270 to 0.8205, with an effective break of 35 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 141.90, with an effective break of 40 points and a stop loss at the lower limit of the range.

AUD/USD: You can sell within the upper limit of the range of 0.6430-0.6330, with an effective break of 40 points and a stop loss at the lower limit of the range.

USD/CAD: You can buy at the lower limit of the range from 1.3905 to 1.3810, with an effective break of 40 points and a stop loss at the upper limit of the range.

Gold: You can buy at the lower limit of the range from 3348.00 to 3295.00, with an effective stop loss of $20 and a target at the upper limit of the range.

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