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Practical foreign exchange strategy on September 23
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Practical Foreign Exchange Strategy on September 23". Hope it will be helpful to you! The original content is as follows:
Dollar Index: The US dollar index rose below 97.85 on Monday and the decline above 97.30 was supported, which means that the US dollar may maintain a downward trend after a short-term rise. If the US dollar index rises below 97.70 today and encounters obstacles, the target of future market decline will be between 97.15 and 96.95. Today, the short-term resistance of the US dollar index is 97.50--97.55, and the important short-term resistance is 97.65--97.70. Today, the US dollar index has short-term support at 97.15--97.20, and the short-term important support is at 96.95--97.00.
Euro/USD: The European and American decline above 1.1725 on Monday was supported, and the rise was blocked below 1.1805, 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 1.1750, the target of future market rise will be between 1.1825 and 1.1855. Today, the short-term resistance of Europe and the United States is 1.1820--1.1825, and the important short-term resistance is 1.1850--1.1855. Today, the short-term support for Europe and the United States is 1.1770--1.1775, and the important short-term support is 1.1745--1.1750.
Gold: Gold fell above 3683.00 on Monday and was supported by the rise, and the resistance was encountered below 3749.00, which means that gold may maintain an upward trend after a short-term decline. If gold falls above 3604.00 today and stabilizes, the target of future market growth will be between 3770.00 and 3792.00. Today, gold's short-term resistance is 3769.00--3770.00, and the important short-term resistance is 3791.00--3792.00. Gold short-term stock todayIt is maintained at 3726.00--3727.00, and the important short-term support is 3704.00--3705.00.
Euro/USD operation strategy: If it falls between 1.1750 and 1.1760, you can buy it, with a stop loss below 1.1695, and the target is 1.1820--1.1825, 1.1845--1.1850.
British pound/USD operation strategy: If it falls between 1.3475 and 1.3485, you can buy it, with a stop loss below 1.3430, and the target is 1.3535--1.3540, 1.3560--1.3565.
U.S./JPY operation strategy: If it rises to between 148.10 and 148.20, you can sell, with a stop loss above 148.65, and the target is 147.45--147.50, 147.20--147.25.
Australia/USD operation strategy: If it falls between 0.6580 and 0.6590, you can buy it, with a stop loss below 0.6565, and the target is 0.6605--0.6610, 0.6615--0.6620.
Summary of orders on September 22: Euro/USD was shorted between 1.1775 and 1.1785 and successfully built positions, with a minimum drop of 1.1763, and the short-term profit margin was 10-20 points. The GBP/USD was successfully shorted between 1.3520 and 1.3530, and the lowest fell to 1.3505, with a short-term profit margin of less than 20 points. However, this order can continue to hold, break through the stop loss above 1.3560, or close the position by pulling back to around 1.3495. The euro/USD requires long between 1.1710 and 1.1720, and the exchange rate fell to 1.1726 at the lowest, 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 reach 1.1802, with the short-term profit margin of 65-75 points. The euro/Japanese yen was successfully shorted between 174.30 and 174.40, and the short-term profit margin was less than 20 points. However, this order can continue to hold, break through the stop loss above 174.75, or close the position by pulling back to around 173.90. The euro/AUD was successfully shorted between 1.7840 and 1.7850, and the lowest fell to 1.7827, with a short-term profit margin of 10-20 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.
Standard for building a position: risk tolerance is below 20%, USD per 2,000It is enough to make 0.1 lots of orders for yuan; the risk tolerance is between 20% and 50%, and it is enough to make 0.1 lots of orders for every 1,000 US dollars; the risk tolerance is more than 50%, and the orders for every 1,000 US dollars is enough to make 0.2-0.3 lots of orders for every 1,000 US dollars.
The above content is all about "[XM Foreign Exchange Market Review]: The Practical Foreign Exchange Strategy on September 23rd". It was carefully www.xmtraders.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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