Trading Tips today
The dollar continued to fall overnight, and the non-US general rebounded. The U.S. S&P 500 closed higher as the fed's January policy meeting minutes were seen as more dovish than some aggressive tightening expectations. In the early hours of this morning, the Fed released the minutes of its January 25-26 policy meeting, showing that policymakers agreed last month that it was time to tighten monetary policy as inflation's impact on the economy grew and the job market grew stronger, but they also believed that the decision would depend on the analysis of data at each meeting. There is still a possibility of a pullback in the SHORT-term US dollar.
In addition, the U.S. side said there was no clear evidence that Russia had withdrawn its troops. Gold strengthened again, approaching its previous highs. If the geopolitical situation does not show significant relief, the short-term gold price is expected to remain supported, and the idea of low multi-line can be continued.
Crude oil continued to dive sharply yesterday, and the easing of the situation in Russia and Ukraine once caused oil prices to fall. The International Energy Agency (IEA) has again urged OPEC+ to ramp up production, arguing that OPEC+ needs to close the gap between its oil production targets and actual production. Bullish and bearish factors are caught in the same time, and crude oil short-term or maintain high volatility.
DOLLAR INDEX
The dollar has stepped back on the 10-day moving average, and the short-term moving average is still on a golden cross, but the bulls have slowed down somewhat. The daily RSI returns to around 50, and if it continues to be under pressure at the 96 mark, it can be seen down to the 95.5 line.
Gold/Gold TD
Gold is still standing at the 5-day moving average, the short-term moving average golden cross has not yet shown significant signs of shrinking, and the daily line maintains a high shock pattern. Above 1880 (gold TD: 382) is still facing strong pressure, the gold long orders in the Asian session have reached the first target of 1875, such as stepping on 1850, 1865 (gold TD: 376, 380) can continue to do long.
U.S. crude oil
Crude oil lost the 10-day moving average, 90 is still the key support below, and the daily RSI continues to fall. If you stand at the 90 mark, the possibility of high volatility in the future is higher. The prudent can wait and see for the time being.
EURUSD
Europe and the United States rebounded for 2 consecutive days, back to the 5th, near the 10-day moving average, is still in the 1.1280-1.14 range shock pattern, the daily RSI is located near 50, such as standing on the 1.14 mark, can be seen up to 1.1420.
GBPUSD
Pound U.S. closed again, standing on the 5-day moving average, the short-term moving average began to show a golden cross, the future market is expected to further strengthen, but still not get rid of the 1.3480-1.3640 shock pattern, more orders can continue to hold, above pay close attention to 1.36, 1.3630-40 pressure.
AUDUSD
Australia and the United States continue to rise, still in the daily upward channel, 0.7180-0.72 there is still a strong support, the support level above the continuation of the low multi-idea, the future market is expected to further challenge 0.7220-30.
USDJPY
The United States and Japan fell slightly yesterday, hovering near the short-term moving average, and have now touched the lower boundary of the upward channel, 115-115..3 is the first key support, such as maintaining stability above the support level, the future market is still expected to go higher, and the prudent can temporarily wait and see.
Silver/Silver TD
Silver turned upward yesterday, the short-term moving average is still rising in a bullish arrangement, but the bullish momentum is still limited, 23, 23.4 (silver TD: 4750, 4800) there is support on the line, such as stabilization near the support level can enter more.
CHINA 50
A50 extended rally, once again stood on the 5-day moving average, and the short-term moving average began to turn upward, the short-term is expected to continue to rebound, long orders can continue to hold, above the focus on 15300, 15500 first-line pressure.
BTC Bitcoin
Bitcoin closed out the doji, below is still supported by the short-term moving average, above 40000 is still bullish, such as standing on 45000, can continue to look up to 50000.