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Practical foreign exchange strategy on April 29
Wonderful introduction:
Let your sorrows be full of worries, and you can't sleep, and you can't sleep. The full moon hangs high, scattered all over the ground. I think that the bright moon will be ruthless, and the wind and frost will fade away for thousands of years, and the passion will fade away easily. If there is love, it should have grown old with the wind. Knowing that the moon is ruthless, why do you repeatedly express your love to the bright moon?
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Practical Foreign Exchange Strategy on April 29". Hope it will be helpful to you! The original content is as follows:
Dollar Index: The US dollar index rose below 99.85 on Monday and the decline above 98.90 is supported, which means that the US dollar may maintain a downward trend after a short-term rise. If the US dollar index rises below 99.60 today and encounters obstacles, the target of future market decline will be between 98.65 and 98.35. Today, the short-term resistance of the US dollar index is 99.25--99.30, and the important short-term resistance is 99.55--99.60. Today, the US dollar index has short-term support at 98.65--98.70, and the short-term important support is at 98.35--98.40.
Euro/USD: The European and American decline above 1.1330 on Monday was supported, and the rise was blocked below 1.1425, which means that Europe and the United States may maintain an upward trend after a short-term decline. If Europe and the United States fall today and stabilize above 1.1355, the target of future market rise will be between 1.1450 and 1.1485. Today, the short-term resistance of Europe and the United States is 1.1445--1.1450, and the important short-term resistance is 1.1480--1.1485. Today, the short-term support for Europe and the United States is 1.1385-1.1390, and the important short-term support is 1.1355-1.1360.
Gold: Gold fell above 3268.00 on Monday and was supported by the rise, and the rise was blocked below 3353.00, which means that Europe and the United States may maintain an upward trend after a short-term decline. If gold falls above 3293.00 today and stabilizes, the target of future market growth will be between 3379.00 and 3409.00. Today, the short-term resistance of Europe and the United States is 3378.00--3379.00, and the important short-term resistance is 3408.00--3409.00. Today, the short-term support for Europe and the United States is 3323.00--3324.00, and the important short-term support is 3293.00--3294.00.
Euro/USD operation strategy: If it falls between 1.1380 and 1.1390, you can buy it, with a stop loss below 1.1350, and the target is 1.1445--1.1450, 1.1480--1.1485.
British pound/USD operation strategy: If it falls between 1.3375 and 1.3385, you can buy it, the stop loss is below 1.3320, and the target is 1.3480--1.3485, 1.3540--1.3545.
U.S./JPY operation strategy: If it rises to between 142.65 and 142.75, you can sell, with a stop loss above 143.40, and the target is 141.45--141.50, 140.85--140.90.
Australia/USD operation strategy: If it rises to between 0.6440 and 0.6450, you can sell, with a stop loss above 0.6480 and a target of 0.6380-0.6385, 0.6345-0.6350.
Summary of orders on April 28: Euro/USD was successfully long between 1.1330 and 1.1340, and the highest rose to 1.1424, with a short-term profit margin of 85-95 points. The pound/USD was successfully long between 1.3280 and 1.3290, and the highest rose to 1.3442, with a short-term profit margin of 150-160 points. The US dollar/Canadian dollar successfully set up positions between 1.3880 and 1.3890, and fell to 1.3816 at the lowest, with a short-term profit margin of 65-75 points. Euro/GBP is long between 0.8510 and 0.8520 and successfully built a position. It was stopped after falling below 0.8490. The direction of shorting in the US dollar/JPY is correct, but it has not reached the opening price range.
Short positions between 1.3860 and 1.3870 were successfully established, and the lowest fell to 1.3845. The short-term profit margin is 15-25 points. The US dollar/Japanese yen is required to go long between 142.10 and 142.20, and the exchange rate falls to 142.28 at the lowest level, which meets the scope of my requirement to enter the market at 5-10 points in advance. If investors enter the market early and go long, the highest rise will be 142.83, and the short-term profit margin is 45-55 points.
Remind everyone to pay attention that if the strategy on the day first reaches the expected closing target, investors who seek stability can give up the operation plan of the day. When investors actually implement this strategy, they can start to arrange corresponding positions at 5-10 points in advance, but the price of stop loss should be executed without any discount.
Please orders according to this strategy. When there are more than 30 points of profit, please protect the parity, and you can also make a profit settlement. Never let the profit order become a loss order.
Standards for building positions: If the risk tolerance is below 20%, you can just make 0.1 lots for every 2,000 US dollars; if the risk tolerance is between 20%-50%, you can just make 0.1 lots for every 1,000 US dollars; if the risk tolerance is above 50%, you can just make 0.2-0.3 lots for every 1,000 US dollars.
The above content is all about "[XM Foreign Exchange Market Review]: The practical foreign exchange strategy on April 29". It was carefully xm-links.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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