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Practical foreign exchange strategy on July 11
Wonderful introduction:
Walk out of the thorns, there is a bright road covered with flowers; when you reach the top of the mountain, you will see the cloudy mountain scenery like green clouds. In this world, a star falls and cannot dim the starry sky, a flower withers and cannot desolate the whole spring.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Practical Foreign Exchange Strategy on July 11". Hope it will be helpful to you! The original content is as follows:
Dollar Index: The US dollar index rose below 97.95 on Thursday and the decline above 97.25 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 98.00 today and encounters obstacles, the target of future market decline will be between 97.30 and 96.95. Today, the short-term resistance of the US dollar index is 97.95--98.00, and the important short-term resistance is 98.20--98.25. Today, the US dollar index has short-term support at 97.30--97.35, and the short-term important support is at 96.95--97.00.
Euro/USD: The decline of Europe and the United States on Thursday was supported by the decline above 1.1660, and the rise was blocked below 1.1750, 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 1.1650, the target of future market rise will be between 1.1740 and 1.1785. Today, the short-term resistance of Europe and the United States is 1.1735--1.1740, and the important short-term resistance is 1.1780--1.1785. Today, the short-term support for Europe and the United States is 1.1650-1.1655, and the important short-term support is 1.1615-1.1620.
Gold: Gold's decline above 3310.00 on Thursday was supported, and its rise was blocked below 3331.00, which means that gold may maintain an upward trend after a short-term decline. If gold falls above 3310.00 today and stabilizes, the target of future market growth will be between 3332.00 and 3341.00. Today, gold's short-term resistance is 3331.00--3332.00, and the important short-term resistance is 3340.00--3341.00.Today, gold short-term support is 3310.00--3311.00, and the short-term important support is 3300.00--3301.00.
Euro/USD operation strategy: If it falls between 1.1650 and 1.1660, you can buy it, with a stop loss below 1.1610, and the target is 1.1735--1.1740, 1.1780--1.1785.
British pound/USD operation strategy: If it falls between 1.3530 and 1.3540, you can buy it, with a stop loss below 1.3490, and the target is 1.3615-1.3620, 1.3655-1.3660.
Australia/USD operation strategy: If it falls between 0.6545 and 0.6555, you can buy it, the stop loss is below 0.6505, and the target is 0.6605--0.6610, 0.6620--0.6625.
U.S./Canadian operating strategy: If it rises to between 1.3690 and 1.3700, you can sell, with a stop loss above 1.3730, and the target is 1.3650-1.3655, 1.3635-1.3640.
U.S./JPY operation strategy: If it rises to between 146.65 and 146.75, you can sell, with a stop loss above 147.30, and the target is 145.75-145.80, 145.25-145.30.
Summary of orders on July 10: Euro/USD will rise first and then fall. You should not go too far as required. If investors continue to go long between 1.1690 and 1.1700, they will be stopped after falling below 1.1670. The pound/USD rises first and then falls. You should not go too far as required. If investors continue to go long between 1.3560 and 1.3570, the highest rise will be 1.3585, and the short-term profit margin will be 15-25 points. The Australian dollar/USD is required to go long between 0.6515 and 0.6525, and the exchange rate falls to 0.6531 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 0.6590, and the short-term profit margin is 50-60 points. The US dollar/Canada dollar requires short selling between 1.3710 and 1.3720, and the exchange rate rises to 1.3708, which meets the scope of my requirement to enter the market at 5-10 points in advance. If investors enter the market in advance and short sellers, they will fall to 1.3650 at the lowest level, with a short-term profit margin of 45-55 points. The US dollar/JPY is required to short between 146.85 and 146.95, and the exchange rate rises to 146.78, which meets the scope of my requirement to enter the market at 5-10 points in advance. If investors enter the market early and short sell, the lowest drop will reach 146.17, with the short-term profit margin of 50-60 points.
Remind everyone to pay attention, If the strategy of the day first meets 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 position building: Risk tolerance is below 20%, 0.1 lots are allowed for every 2,000 US dollars; risk tolerance is between 20%-50%, 0.1 lots are allowed for every 1,000 US dollars; risk tolerance is above 50%, 0.2-0.3 lots are allowed for every 1,000 US dollars.
The above content is all about "[XM Foreign Exchange Decision Analysis]: Practical Foreign Exchange Strategy on July 11", which was carefully www.xmhouses.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your transactions! Thanks for the support!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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