Ausforex August 14 short-term operation guide for major currencies
From a technical point of view, the US index rose below 102.95 last Friday and fell above 102.40 to be supported, which means that the US dollar may continue to decline after its short-term rise. If the US index rises below 103.05 today and is blocked, the target for the future market decline will point to between 102.50--102.25. Today, the US index's short-term resistance is at 103.00--103.05, and the short-term important resistance is at 103.20--103.25. Today, the US index's short-term support is at 102.50--102.55, and the short-term important support is at 102.20--102.25. The decline in Europe and the United States last Friday was supported above 1.0940, and the rise was blocked below 1.1005, which means that it is possible to maintain the upward trend after the short-term decline in Europe and the United States. If the decline in Europe and the United States today is supported above 1.0925, the target for the future market rise will point to between 1.0990--1.1030. Today, the short-term resistance in Europe and the United States is 1.0985--1.0990, and the short-term important resistance is 1.1025--1.1030. Today, the short-term support in Europe and the United States is 1.0925--1.0930, and the short-term important support is 1.0900--1.0905. Gold fell above 1910.00 last Friday to be supported, and the rise is blocked below 1921.00, which means that gold is likely to maintain a rising trend after the short-term decline. If gold falls above 1909.00 today to be supported, the target of the market outlook rise will point to between 1919.00--1925.00. Today, the short-term resistance in gold is 1919.00--1920.00, and the short-term important resistance is 1924.00--1925.00. Today, the short-term support in gold is 1909.00--1910.00, and the short-term important support is 1904.00--1905.00.
The US dollar is mainly short-selling on highs today. Break and stop losses. If there is a profit of more than 30 points, set a stop-win. Withdraw all pending orders without transactions before the opening of the US market. This strategy is suitable for margin, and real orders can be used as a reference.
Dollar Index: Can be sold at the upper limit of the range of 103.05---102.55, effectively breaking 20 points to stop loss, with the target at the lower limit of the range.
EUR/USD: You can buy at the lower limit of the range of 1.0990---1.0930, effectively breaking 30 points to stop loss, and the target is at the upper limit of the range.
GBP/USD: You can buy at the lower limit of the range from 1.2735---1.2665, effectively breaking 35 points to stop loss, and the target is at the upper limit of the range.
USD/CHF: You can sell at the upper limit of the range of 0.8785-0.8735, effectively breaking 30 points to stop loss, and the target is at the lower limit of the range.
USD/JPY: You can sell at the upper limit of the range of 145.15---144.55, effectively breaking 30 points to stop loss, and the target is at the lower limit of the range.
AUD/USD: You can sell at the upper limit of the range of 0.6525---0.6475, effectively breaking 30 points to stop loss, and the target is at the lower limit of the range.
USD/CAD: You can sell at the upper limit of the range from 1.3470---1.3415, effectively breaking 35 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 between 1925.00---1909.00, effectively breaking the $9 stop loss, and the target is at the upper limit of the range.
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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.
