US Dollar Index: The US dollar index encountered resistance below 107.05 on Thursday, and was supported above 106.35 when it fell, which means that the US dollar may maintain an upward trend after a short-term decline. If the US dollar index falls above 106.50 today and stabilizes, the target of the subsequent rise will be between 107.20 and 107.45. Today, the short-term resistance of the US dollar index is 107.15-107.20, and the short-term important resistance is 107.40-107.45. Today, the short-term support of the US dollar index is 106.75-106.80, and the short-term important support is 106.50-106.55.
EUR/USD: The decline of the European and American currencies on Thursday was supported above 1.0460, and the rise was blocked below 1.0530, which means that the European and American currencies may maintain a downward trend after a short-term rise. If the European and American currencies encounter resistance below 1.0515 today, the target of the subsequent decline will be between 1.0445 and 1.0420. Today, the short-term resistance of EUR/USD is 1.0490-1.0495, and the short-term important resistance is 1.0510-1.0515. Today, the short-term support of EUR/USD is 1.0445-1.0450, and the short-term important support is 1.0420-1.0425.
Gold: Gold fell on Thursday and was supported above 2675.00, and the rise was blocked below 2726.00, which means that gold may maintain a downward trend after a short-term rise. If gold rises below 2715.00 today, the target of the decline in the future market will be between 2663.00 and 2643.00. Today, the short-term resistance of gold is 2675.00-2696.00, and the short-term important resistance is 2714.00-2715.00. Today, the short-term support of gold is 2663.00--2664.00, and the short-term important support is 2643.00--2644.00.
Euro/US dollar operation strategy: If it rises to 1.0505--1.0515, it can be sold, the stop loss is above 1.0555, and the target is 1.0445--1.0450, 1.0420--1.0425.
GBP/US dollar operation strategy: If it rises to 1.2710--1.2720, it can be sold, the stop loss is above 1.2750, and the target is 1.2630--1.2635, 1.2590--1.2595.
USD/JPY operation strategy: If it rises to 152.85-152.95, you can sell it, stop loss above 153.35, target 151.95-152.00, 151.40-151.45.
EUR/GBP operation strategy: If it falls to 0.8235-0.8245, you can buy it, stop loss below 0.8205, target 0.8280-0.8285, 0.8295-0.8300.
Summary of December 12th: Short position was established successfully between 1.0520-1.0530 for EUR/USD, and the lowest price fell to 1.0464, with a short-term profit margin of 55-65 points. GBP/USD successfully established a short position between 1.2770-1.2780, and the lowest price fell to 1.2668, with a short-term profit margin of 100-110 points. AUD/USD successfully established a short position between 0.6385-0.6395, and was stopped out when it broke through 0.6420. The direction of shorting EUR/JPY was correct, but it did not reach the opening price range.
Please note that if the strategy first reaches the expected closing target on the day, investors seeking stability can abandon the operation plan for the day. When investors actually implement this strategy, they can start to arrange the corresponding positions 5-10 points in advance, but the stop loss price should be implemented without compromise.
When placing orders based on this strategy, please do a good job of parity protection when there is a profit of more than 30 points, or you can take profits. Never let profitable orders turn into loss orders.
Position opening criteria: If the risk tolerance is below 20%, 0.1 lot can be traded for every 2,000 USD; if the risk tolerance is between 20% and 50%, 0.1 lot can be traded for every 1,000 USD; if the risk tolerance is over 50%, 0.2 to 0.3 lot can be traded for every 1,000 USD.
*This article is a personal comment, please refer to it with caution. Foreign exchange and CFD trading may bring risks to your investment capital.