Announcement:
  • If you need to open an account, you can contact customer service to guide the operation.
  • Customer service WeChat: Jin-DaoCheng
    1. Home > News and Information

    Analysis of the foreign exchange market on May 9

    USDX

    Resistance position: 101.50, 101.60/80 (strong resistance during the day), 102.30 (strong resistance this week)

    Support location: 101.20/25, 101.00/05 (strong support within days), 100.60/80 (strong support this week)

    It is expected that the intraday 101.00/20-101.50/80 area will be dominated by fluctuations, and it will be slightly higher

    Expected this week range 100.60/101-102.00/50 regional shock

    Intraday advice: 101.00/10 - 101.60/80 both ends of the high sell low buy

    Robust:

    101.00/10 buy (below 100.90 is ready to buy at any time, and rebounds 101.30/50 settlement in batches), otherwise 101.50 reduce or change the stop loss 101.40, take profit 101.70/80

    101.70/80 sell (break 101.90 then fall back 101.60/70 out), take profit 101.40/50

    Aggressive: 101.05/20 - 101.60/80 both ends sell high and buy low, fast in and out, which is biased towards bargain buying

    Strategy tracking:

    EUR/USD :

    Resistance level: 1.1040/50 (strong resistance during the day)

    Support position: 1.0980/90, 1.0930/50 (strong daily support)

    Expected intraday 0950/80-1 1030/50 regional oscillation

    It is expected to be blocked this week and fluctuate repeatedly below 1.1100

    Strategy of the day: sell high and buy low, follow the stop loss and sell repeatedly

    policy tracking

    USDJPY

    Resistance position: 135.30/50 (the key to whether it can strengthen within the day), 135.80/136 (even if it strengthens within the day, it is expected to be blocked and fall back after arrival)

    Support location: 134.50/70 (strong support within days), 133.50/80

    It is expected that the 134.50/70-135.30/50 area will fluctuate within the day, and it will fall back again after slightly rising

    Maintain short-term relying on 133.00/50 support, and rebound again after repeated shocks 137/138

    Today's strategy: fall back before breaking 135.30 and buy on dips

    GBP/USD

    Resistance position: 2660/80 (strong resistance within the day, if it rises again within the day, it is expected to be blocked again and fall back), 1.2700, 1.2720/30

    Support position: 2600/10 (the day will weaken as a whole), 2550/70, 2500/30

    It is expected to fall further after the range was sorted out yesterday

    This week, focus on 2650/1.2730 regional resistance, biased to repeatedly raise the area blocked to fall back shock

    Today's strategy: sell high and buy low, fast in and out, and sell high

    EUR/JPY

    Resistance position: 148.80, 149.20/50

    Support Positions: 148.20 (Day Key Strong Support), 147.00 (Week Strong Support), 145/146 (Month Strong Support)

    It is expected that the range of shocks yesterday will be the main one in the day, and it is biased towards repeated shocks. After the support near 148.20 is not broken, it will fluctuate slightly again and rise to 148.80/149. 30 regional shocks

    It is expected to rise and fall this week, and the short-term repeated shocks still retain the shock expectation that the follow-up will hit more than 150 again and be blocked again

    Today's strategy: sell high and buy low, fast in and out

    GBP/JPY

    Resistance position: 170.50, 171.00/20

    Support position: 169.80/170 (strong day support), 169.50, 168.00/50

    Expected 169.70/170-171.00/30 within the day

    The key 169.70/90 of the day (169.70 does not break the expectation that it will always remain to rise again near 171), the support is effective after arrival, and it will rise again in yesterday's range shock

    Day strategy: Steady temporary wait-and-see, aggressive reduction of positions, high selling and low buying, fast in and out

    Click to inquire about transaction account opening

    Please indicate the source: https://www.daoctech.com/fxnews/282.html

    Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.