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Practical foreign exchange strategy on September 3
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: September 3rd Foreign Exchange Practical Strategies". Hope it will be helpful to you! The original content is as follows:
Dollar Index: The US dollar index rose below 98.60 on Tuesday and the decline above 97.60 is supported, which means that the US dollar may maintain an upward trend after a short-term decline. If the US dollar index falls above 98.15 today and stabilizes, the target of future market rise will be between 98.80 and 99.20. Today, the short-term resistance of the US dollar index is 98.75--98.80, and the important short-term resistance is 99.15--99.20. Today, the US dollar index has short-term support at 98.20--98.25, and the important short-term support is at 97.80--97.85.
Euro/USD: The decline of Europe and the United States on Tuesday was supported by the decline above 1.1610, and the rise was blocked below 1.1720, which means that Europe and the United States may maintain a downward trend after a short-term rise. If the rise of Europe and the United States today is blocked below 1.1660, the target of the decline in the future market will be between 1.1590 and 1.1550. Today, the short-term resistance of Europe and the United States is 1.1655--1.1660, and the important short-term resistance is 1.1695--1.1700. Today, the short-term support for Europe and the United States is 1.1590-1.1595, and the important short-term support is 1.1550-1.1555.
Gold: Gold's decline on Tuesday was supported by above 3470.00, and its rise was blocked below 3540.00, which means that gold may maintain an upward trend after a short-term decline. If gold falls above 3500.00 today and stabilizes, the target of future market growth will be between 3556.00 and 3583.00. Today, gold's short-term resistance is 3555.00--3556.00, and the important short-term resistance is 3582.00--3583.00. Today, gold short-term support is 3500.00--3501.00, and the short-term important support is 3485.00--3486.00.
Euro/USD operation strategy: If it rises to between 1.1655 and 1.1665, you can sell, with a stop loss above 1.1700, and the target is 1.1590--1.1595, 1.1550--1.1555.
British pound/USD operation strategy: If it rises to between 1.3420 and 1.3430, you can sell, with a stop loss above 1.3510 and a target of 1.3295-1.3300, 1.3215-1.3220.
Australia/USD operation strategy: If it rises to between 0.6545 and 0.6555, you can sell, with a stop loss above 0.6600, and the target is 0.6480-0.6485, 0.6445-0.6450.
U.S./JPY operation strategy: If it falls between 148.05 and 148.15, you can buy it, with a stop loss below 147.35, and the target is 149.25--149.30, 149.95--150.00.
Summary of orders on September 2: AUD/USD is required to short between 0.6560 and 0.6570, and the exchange rate rises to 0.6558, 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 sellers, the lowest drop will reach 0.6484, and the short-term profit margin is 60-70 points. The US dollar/Canada dollar requires long between 1.3730 and 1.3740, and the exchange rate fell to 1.3744 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 1.3814, and the short-term profit margin is 60-70 points. The US dollar/Japanese yen is required to go long between 146.85 and 146.95, and the exchange rate falls to 147.05, 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 148.93, and the short-term profit margin is 170-180 points. The direction of shorting in EUR/USD and GBP/USD is correct, but it has not reached the opening price range.
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%, and 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 exceeds 50%, 0.2-0.3 lots are allowed for every 1,000 US dollars.
The above content is all about "[XM Foreign Exchange Market Review]: September 3rd Foreign Exchange Practical Strategy" and is carefully xmspot.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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