[Careative View]:
Judging from the current situation, the US dollar index seems to have begun to show signs of a pullback - starting from the early trading today, the US dollar index has shown a downward trend, with a relatively rapid speed and a little amplitude, giving people the feeling that the US dollar index will fall. But is this feeling correct? How should we deal with it?
First of all, from a technical perspective, the US dollar index does have some downward trends in the hourly chart, and it has also set a new low. Therefore, from this action, the US dollar index has some downward demand at the short-term level, and can wait for an opportunity to short. However, from a larger cycle perspective, the US dollar index has only just experienced some pullbacks, and the price decline is not large and cannot constitute a clear guide. Therefore, from a larger cycle perspective, the US dollar index cannot short at will because it cannot provide support for the medium and long term.
However, why did the US dollar index emerge from a downward trend? The XI believes that the market is in a stalemate, and the key is that there is no clear guidance. Although the US dollar index has been hitting a new high since last Thursday, if you look at the market in the past few days, you can find that its rise is not strong and the amplitude is not large. It slowly climbs up in a slow bull posture. This state is obviously not stimulating enough and the endurance will not last too long. Therefore, it is not surprising that when the market reaches some key levels, it is not surprising that the price shows some pullbacks. After all, this is a normal reaction of the market. As long as the pullback is not exaggerated, it will not have a substantial impact on the future trend. What's more, yesterday evening, Fed officials made another speech, emphasizing that they supported the 50 basis points interest rate hike, and even 75 basis points interest rate hike was not ruled out. The purpose of these remarks is to provide support to the US dollar and keep the market paying attention and pursuit of the US dollar. Therefore, if the US dollar index shows a slight correction and decline in a short period of time, it will promote more capital to flow into the US dollar. Therefore, it cannot be simply regarded as a market reversal in the morning of today's trading, because it has not yet taken any step, so it can only be regarded as a pullback. Since
is a callback market, the next operation idea will be easy to determine. Faced with a market pullback, we can choose to wait and see, and then wait until the pullback power is exhausted, then enter the market to buy US dollars and continue to push up the US dollar. Of course, the idea of this operation is suitable for a larger cycle range. If the cycle is reduced and placed in the hourly chart or the time-sharing chart, the market actually has some short-term short-term opportunities. For these opportunities, friends who are interested can seize one or two. After all, the current market fluctuations are not severe. Since the market has given these opportunities, we should not refuse and accept it with a smile.
operation level, you can consider waiting for an opportunity to short the US dollar index (short term only) at the short term level today. For non-US currencies, you should choose a low-cost option. Try to choose a valuable point layout for reference!
[Trading Strategy]:
Euro/USD:
To sum up, today the US dollar can wait for an opportunity to short-term at the short-term level, and corresponding to European and American currencies, it can wait for a low-cost. Combined with the following suggestions on the market, refer to the operation as appropriate, and light positions:
EUR/USD
GBP/USD:
Today's second currency pair can continue to choose pound-to-US trading. In terms of operation, it is similar to Europe and the United States. Just buy on dips. Give the following suggestions and refer to the operation as appropriate. Light position:
GPB/USD
Gold:
No doubt, gold is currently in a slight pullback market, with the purpose of finding valuable support. Therefore, today's gold trend will fluctuate, and there is an opportunity to overestimate and low scum, but the key lies in the choice of points.
Consider a little bit, today I consider shorting at the right time and give the following suggestions. If the market gives opportunities, do it, wait and see if it is not given opportunities. Light position:
XAU/USD
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