TeraFX · Tehui Today Strategy|
  Source:TeraFX 2023-02-10 16:52:26
Description:

Europe and America


Key points: 1.1125


Suggested strategy: Tend to buy long on dips below 1.1125, targeting 1.1150 and 1.1220


Alternative strategy: Below 1.1125, the expected downward lows are at 1.1090 and 1.1050.


Comment: After EURUSD broke the upper limit of the triangular pattern in Europe and America on Friday, this currency pair began to grow rapidly. CCI and RSI are in the overbought area. We can see a correction in the disc. When the next resistance level is 1.1230, above 1.1125, the main trend is upward.


Pound beauty


Key point: 1.2950


Suggested strategy: Tend to buy long on dips above 1.2950, targeting 1.3000 and 1.3200.


Alternative strategy: Below 1.2950, the expected downward lows are at 1.2870 and 1.2750.


Comment: GBPUSD has rebounded from trend support and traded below SMA100 (four hour chart). Today we expect to see a range of transactions for this currency pair.


US and Japan


Key point: 108.600


Suggested strategy: Tend to buy long on dips above 108.600, targeting 109.000 and 109.500.


Alternative strategy: Below 108.600, the expected downward lows are at 108.400 and 108.200.


Comment: After Friday's USDJPY fell below the lower limit of the triangular pattern, USDJPY has already fallen back. We expect to have a range of transactions today.


crude oil


Key points: 66.00


Suggested strategy: Tend to buy long on dips above 66.00, targeting 67.20 and 68.00.


Alternative strategy: Below 66.00, the expected downward lows are at 65.50 and 63.50.


Comment: Brent crude oil has been trading in the upward channel for three months. The lower limit of the channel is at 66.00. In the coming days, we believe that this product may test the upper limit of the channel.


gold


Key points: 1509


Suggested strategy: Tend to buy long on dips above 1509, targeting 1515 and 1530.


Alternative strategy: Below 1509, the expected downward lows are at 1500 and 1489.


Comment: The upward trend of gold will continue. On the four hour chart, MACD and PSAR mean buy in. We believe that any rebound can be seen as an opportunity to buy.