The Upward Trend Of US Dollar Is Still Effective, And The Trend Of Foreign Exchange In Technology Analysis

In yesterday's foreign exchange market On the other hand, the US dollar dropped sharply after the jump in the US dollar. The US dollar index fell to 80.97, the highest rebounding to 81.31, closing at 81.45. The euro / dollar rose to 1.3386, the lowest to 1.3329, closing at 1.3331.

Former finance minister Summers quit Federal Reserve The presidential election led the market to cool the market expectations of the Fed's further reduction in the size of the existing debt purchase scale, and to suppress the decline in the US dollar index. Summers is believed to be hawk in monetary policy. If he takes office, he will probably withdraw monetary easing measures faster. Now Summers's withdrawal from office has greatly increased the possibility of Yellen, vice chairman of the Federal Reserve. Yellen is relative to doves, and the market expects monetary policy or loosely accommodative after taking office. Of course, some analysts believe that Summers's withdrawal from the election is more profitable than the US dollar in the long run. UBS group analysts said in a report on Monday that they maintain a view of more dollars. As Summers withdrew from the market to reduce the expectations of the Fed tightening policy, the necessity of FOMC on Wednesday to try to suppress the market's anticipation of its interest rate rise in advance was also reduced. Beijing time on Thursday (September 19th) 02:00 in the morning, the Federal Open Market Committee (FOMC) will announce interest rate decisions and issue policy statements. Bernanke, chairman of the Federal Reserve, will chair the media briefing at 02:30. Foreign media survey shows that 71% of the surveyed analysts expect the US Federal Reserve to announce this month that it will begin to cut its current easing of $85 billion. {page_break}

From a technical point of view, dollar Yesterday, the jump fell, but the support of the weekly trend line upward trend line support 81 remained valid. If it falls below 81, the US dollar index will fall to a target of 80.75 or even 80.50. Today, the US dollar index's short-term resistance is between 81.40 and 81.45, and the short-term resistance is between 81.50 and 81.55. Today, the US dollar index is supported by 81.05 to 81.10, and the short-term support is between 80.85 and 80.90.

Today, the short line is mainly based on the lower dollar, the break stop, the profit is more than 30 points, and the best way to win is to withdraw all the outstanding transactions before the opening of the US market. This strategy is suitable for margin and can be taken as a reference. {page_break}

The US dollar index: it can buy at the lower limit of the 81.55----81.05 interval, effectively break 20 points, stop the loss, and aim at the upper limit of the interval.

EUR / USD: it can be sold at the upper limit of the 1.3370----1.3290 interval, effectively breaking 40 point stops, and the target is at the lower limit of the interval.

GBP / USD: it can be sold at the upper limit of the 1.5950----1.5850 interval, effectively breaking 50 point stops, and the target is at the lower limit of the interval.

USD / CHF: you can buy at the lower limit of the 0.9310----0.9240 interval, effectively break 40 points, stop the loss, and aim at the upper limit of the interval.

USD / JPY: it can be bought at the lower limit of the 99.70----98.70 interval, effectively breaking 40 point stops, and the target is at the upper limit of the interval.

Australian dollar / US dollar: it can be sold at the upper limit of the 0.9360----0.9270 interval, effectively breaking 40 point stops, and the target is at the lower limit of the interval.

Gold: it can be purchased at around 1300, with a stop loss below 1290 and a target of 1320.

Silver: it can be bought at around 21.50, the stop loss is below 21.20, and the target is 22.