FX168 Financial News (Hong Kong) - The latest article on the foreign exchange information website Dailyfx on Monday (November 19) provided euro/dollar, dollar/yen, spot gold and the United States crude oil Short line operation suggestions.
EUR/USD: if it can break through 1.1435 or resume the downward trend
According to the article, the daily chart shows that the continuous rebound of the euro/dollar has approached the downward channel on track since October (currently at 1.1435), and short-term attention should be paid to whether this resistance can be broken.
If the breakthrough goes up, it may point to 1.1450 and the Brin Belt is on track 1.1470. If it continues to break through 1.1470, it will mean more room for growth.
However, once the euro/dollar fails to break through the channel on the track, it will face the risk of recovering the decline in the channel, with a short-term fall back or pointing to the middle track of 1.1360 in the Brin Belt.
(Daily trend chart of euro/dollar source: FX168 financial network)
USD/JPY: short-term stand at 112.60 or rebound correction
The article pointed out that the four hour chart showed that the short-term dollar/yen line stabilized at the 112.60 line of horizontal support, or ushered in a rebound correction. The initial target in line with expectations was 113.00, and after the breakthrough, it might point to 113.30.
If it falls below 112.60, it may point down to 112.20 and 112.00 and other potential support levels.
(4H trend chart of USD/JPY Source: FX168 Caijing)
Gold/USD: Focus on the breakthrough between 1205-1225
According to the article, Gold price Continue to take 1215 as the central axis and the horizontal plate. At present, the bulls on the short line are strong. Those who tend to be moderate continue to wait and see the 1205-1225 interval break and follow up, while those who are radical temporarily buy high and low in the interval.
(Source of 4H trend chart of spot gold: FX168 Caijing, Dailyfx)
US crude oil: pay attention to the wide range shock of 55.00-60.00
The article points out that US crude oil continues to trade sideways around 57.50, and it is advisable to wait for further development of the market. Those who tend to be prudent should continue to wait and see, while those who are radical should take a long position in 57.30-56.30 light positions, break 55.00 stop loss and look at 60.00.
(Source of 4H trend chart of US crude oil: FX168 Caijing, Dailyfx)
Checked by: becky
