In yesterday's foreign exchange market, the US dollar hit a new high and then fell sharply. The dollar index rose to a maximum of 88.45, the lowest fell to 87.78, closing at 87.95. The euro/dollar rose to a high of 1.2507, the lowest fell to 1.2419, closing at 1.2473.
Yesterday's US Markit Manufacturing Purchasing Managers Index for November recorded 54.8, which was less than expected 55.0, but better than the previous value of 54.7. The subsequent November ISM manufacturing index was better than expected at 58.0, recording 58.7, slightly worse than expected. 59.0. The US dollar index closed below the intraday low of 87.78 and remained steady at around 88.00. The euro/dollar rebound hit a slight increase in the day's high of 1.2506. GBP/USD climbed slightly to an intraday high of 1.5762 and retreated some of the gains. As Moody's downgraded Japan's sovereign debt credit rating, the USD/JPY retraced after hitting an intraday high of 119.10. After the intraday low of 117.88, it stabilized to rise above 118.00.
Foreign media reports pointed out that the US dollar has fallen from a high level in five years, and investors speculated that the US dollar may rise too much and too fast. The US dollar fell against most of the G16 currencies. The relative strength of the well-known foreign media Bloomberg dollar spot exchange rate index exceeded 70 on November 28, reaching a level that some traders believe will be reversed. Market analysts believe that the foreign exchange market will maintain a range of shocks until some events can change our view of the US, Europe or Asia. The current mainstream trend in the market remains unchanged, and the dollar is still expected to continue to strengthen. â€
From a technical point of view, the US dollar index fell sharply after hitting a new high yesterday, and continued to fall below the support of the 5 and 10 day moving averages. However, the 20-day moving average was temporarily stabilized, and the market may turn into a high shock. If the US dollar index continues to fall below the support of the 20-day moving average, the target of the decline will point to 87.50-87.60, and in extreme cases it will fall to around 87.20. Despite this, we still believe that the US dollar is a normal fallback in the bullish trend. Unless the US dollar index closes below 87.00 on the weekly basis, we will think that the US dollar is more likely to enter the mid-line. Today, the short-term resistance of the US dollar index is at 88.05-88.10, and the short-term important resistance is at 88.30-88.35. The short-term correction of the US dollar index is supported at 87.75-87.80, and the important support is at 87.65-87.70.
On December 1st, our "Intelligent Trading" members shorted at 1.2442 and the euro/dollar fell to a minimum of 1.2419. The short-term profit margin was less than 30 points, not a qualified trading strategy. However, this order can continue to be held and executed according to the trading plan. The above single cases are truthfully summarized, and our member customers can track.
In the short-term, the US dollar is mainly short-selling. It breaks the stop loss. If there is a profit of more than 30 points, it will set a good stop to win. Before the US market opens, all pending orders withdrawn will be withdrawn. This strategy is suitable for margin, and the firm can be used as a reference.
US dollar index: You can sell at the upper limit of 88.35-----87.65, effectively break the 30-point stop loss and target the lower limit of the range.
EUR/USD: You can buy at the lower limit of the range of 1.2515--1.2425, effectively break the 40-point stop loss and target the upper limit of the range.
GBP/USD: You can sell at the upper limit of 1.5800----1.5690, effectively break the 40-point stop loss and target the lower limit of the range.
USD/CHF: You can buy at the lower limit of 0.9680----0.9610, effectively break the 30-point stop loss and target the upper limit of the range.
USD/JPY: You can buy at the lower limit of the range of 119.00----117.70, effectively break the 40-point stop loss and target the upper limit of the range.
AUD/USD: You can buy at the lower limit of 0.8550----0.8440, effectively break the 40-point stop loss and target the upper limit of the range.
USD/CAD: You can sell at the upper limit of 1.1370----1.1260, effectively break the 40-point stop loss and target the lower limit of the range.
Gold: You can buy at the lower limit of the range of 1221.00-1200.00, effectively break the $10 stop loss and target the upper limit of the range.
Silver: You can buy at the lower limit of 16.80-16.000, effectively break the stop loss of 0.25 USD, and target the upper limit of the range.
The above strategy is calculated by my intelligent trading system. Investors are advised to adjust accordingly according to the specific market conditions.
4 Inch Floor Trap,4 Inches Floor Drain,Stainless Steel 4 Inch Floor Trap,4 Inches Square Shower Drain
Kaiping City Jinqiang Hardware Products Co.,Ltd , https://www.jqfloordrain.com