TeraFX · Tehui: Today\'s Strategy
  Source:TeraFX 2023-02-10 16:55:28
Description:

Europe and America


Key points: 1.1100


Suggested strategy: Tend to buy long on dips above 1.1100, targeting 1.1150 and 1.1220


Alternative strategy: Below 1.1100, the expected downward lows are at 1.1080 and 1.1030.


Comment: The United States will announce its third quarter GDP today. Technically speaking, EURUSD Europe and America yesterday suppressed the upward channel and is forming a triangular shape. It is expected that today's trading will respond upwards to trend resistance of 1.1140.


Pound beauty


Key points: 1.3250


Suggested strategy: Tend to short at highs below 1.3250, targeting 1.3100 and 1.3000.


Alternative strategy: Above 1.3250, with expected upward highs at 1.3310 and 1.3450.


Comment: The GBPUSD trading price is slightly higher than SMA200 (H4) at 1.3000. CCI and RSI are in the oversold area. We expect an upward reaction to reach 1.3050 today. The main trend for the day fell below 1.3200.


US and Japan


Key point: 108.900


Suggested strategy: Tend to buy long on dips above 108.900, targeting 109.250 and 109.80.


Alternative strategy: Above 108.900, with expected upward highs at 108.500 and 108.100.


Comment: Yesterday, USDJPY fell below the lower limit of the triangular pattern in the US and Japan, and USDJPY has already fallen back. Today we may see an upward reaction towards the 109.350-109.500 area.


crude oil


Key point position: 65.00


Suggested strategy: Tend to buy long on dips above 65.00, targeting 66.50 and 67.50.


Alternative strategy: Below 65.00, the expected downward lows are at 63.00 and 61.00.


Comment: Brent crude oil has been trading on the up channel for three months. The lower limit of the channel is 65.00. We believe that the trend may continue to rise above this level, with the next resistance level at 67.00.


gold


Key points: 1465


Suggested strategy: Tend to buy long on dips above 1465, targeting 1472 and 1485.


Alternative strategy: Below 1465, the expected upward highs are 1453 and 1444.


Comment: Gold has reached the upper limit of the triangular pattern in the chart. We may see today's products correcting downwards towards the 1473 average line support.