Foreign exchange expert: Due to the continuous negative news from Goldman Sachs and Greece, the market's risk-aversion sentiment has sharply increased. Moreover, without any supportive fundamental news from the Eurozone, after a jump in the Euro against the US dollar last Monday, it has been declining all the way without consolidating its gains. The Euro against the US dollar will mainly be bearish this week. (04-19 10:37) Hexun netizen: Hello teacher, what should I do with my gold bought at 1145? Is there an opportunity to break even today? Should I exit first? Foreign exchange expert: It is relatively difficult to break even on the long position of USD/CAD at 1.07 in the short term, or even mid-term. The medium-term downtrend of USD/CAD remains unchanged currently, and a short-term rebound may present an opportunity to go short. (04-19 10:55)
Foreign exchange expert: Hello! If GBP/USD continues to be constrained below 1.5312-1.5300 after the gap opening today, then the support below would be around 1.5180 and 1.5138. From the hourly chart today, the GBP remains biased downward in the short term. (04-19 10:33)
Hexun netizen: Why is the yen depreciating while the USD index is rising, but USD/JPY is still falling?
Foreign exchange expert: For buying USD/JPY, you can consider entering lightly as my strategy is to find the best possible entry point, making it easier to set stop losses. If you are shorting GBP/USD at the current price, then the stop loss needs to be placed above 1.5312-1.5300, and profit-taking can be considered at 1.5138. (04-19 10:52)
Hexun netizen: Are the double top of the USD index and the double bottom of EUR/USD invalid?
Foreign exchange expert: The support level of gold at 1144.8 was broken last Friday. Currently, gold is experiencing a narrow fluctuation after a slight recovery from last Friday's low. You can consider the following: 1. If gold breaks below last Friday's low, then resolutely cut your losses; 2. If gold recovers, then 1144.8 remains an important resistance level. (04-19 10:42)
Hexun netizen: Hello teacher, how should I handle my long position on USD/CAD at 1.07? When can I break even?
Hexun netizen: Hello! Is it time to switch to CAD? Urgent! Thanks for your guidance!
Foreign exchange expert: AUD/USD remains in an uptrend in the medium term, so a short-term correction may present an entry opportunity. The first entry point can be considered at the 200-day moving average on the 4-hour chart; if it continues to decline, then 0.9085 is an important support, so this point can also be used as an entry point. (04-19 10:40)
Foreign exchange expert: You can check the 4-hour chart for USD/CAD. If it fails to break through the 200-day moving average, consider going short; if it breaks through, then 1.0200 should be a relatively ideal short position. (04-19 11:23)
Foreign exchange expert: After the jump in the Euro last Monday, it has been continuously eroding its gains. Combined with the continuous negative impact from Goldman Sachs and Greece, the trend for today is mainly bearish. (04-19 11:30)
Foreign exchange expert: In the short term, the USD index probed down to 80.04 last Wednesday and has since shown a volatile upward trend, indicating that the short-term upward trend of the USD index is relatively intact. (04-19 11:10)
Foreign exchange expert: The market's risk-aversion sentiment has sharply increased, with Asian stock markets opening lower. The yen is being favored, and the risk of USD/JPY falling is very high, requiring cautious operation. (04-19 10:55)
Due to the continuous negative impact from Goldman Sachs and Greece, the prices of gold and commodities have fallen, causing a sharp increase in market risk-aversion sentiment, thus pushing up the safe-haven currency, the yen, leading to a decline in USD/JPY. (04-19 11:31)
Hexun netizen: Can I short GBP/USD now? Thank you, teacher.
Hexun netizen: What currency do you recommend trading today?
Non-US currencies overall continue to face downward pressure today. However, relative to European currencies, AUD/USD remains stronger. EUR/USD may continue to face pressure and decline, and this pressure may increase continuously. (04-19 10:49)
Hexun netizen: Hello teacher, can I hold my long position on USD/JPY at 92.80? Where is the key support below 9200? Where should I set my stop-loss?
Hexun netizen: Hello teacher! Please talk about gold. Can I buy now? What is the appropriate entry point? (Spot trade) Thank you!
Foreign exchange expert: The market's risk-aversion sentiment has sharply increased, with Asian stock markets opening lower. The yen is being favored, and the risk of USD/JPY falling is very high, requiring cautious operation. (04-19 10:40)
Foreign exchange expert: The first support for AUD/USD is at the 200-day moving average on the 4-hour chart. If it breaks below this average, then 0.9085 will constitute an important support level. If it holds above 0.9221, then the resistance level can be seen at 0.9300. (04-19 11:01)
Foreign exchange expert: GBP/USD is short-term biased downward. The first support below is at 1.5180, and further down, 1.5138 will be an important support level; the resistance level is at 1.5312-1.5300. (04-19 10:45)
Hexun netizen: Will non-US currencies fall today? Have the strong trends of GBP/USD and AUD/USD changed?
Foreign exchange expert: If the exchange rate falls below 92.00 for the long position on JPY at 92.80, the support below is near 91.25. Therefore, if the exchange rate falls below 92.00, please operate cautiously. (04-19 11:22)
Hexun netizen: Teacher, should I keep my long position on USD/JPY at 92.25?
Hexun netizen: Teacher, how will GBP/USD move today? What are the supports and resistances? Thank you.
Foreign exchange expert: Among the current pairs, I am more inclined to trade USD/CAD. One option is to go short when the 200-day moving average on the 4-hour chart is not broken; another option is to go short around 1.0200. Stop losses should be set above the 200-day moving average or above 1.0200 respectively. Profit-taking can be considered at 1.0010. (04-19 10:57)
Hexun netizen: The exchange rate of EUR/USD has approached filling the gap from last Monday's high open. How will it move today?
Hexun netizen: Teacher, please explain the trend of EUR/USD today and the direction for this week.
Hexun netizen: Teacher, hello! Where are the supports and resistances for AUD/USD?
Hexun netizen: Teacher, how do you see AUD/USD? Can I buy long?
Hexun netizen: Has the USD index returned to the ascending trend line?
Foreign exchange expert: The foreign exchange market is divided into fundamentals and technicals. In the recent foreign exchange market, the market's risk sentiment and fundamental influences are relatively large, so the double top of the Euro and the USD index has little support for the exchange rates, easily being penetrated by fundamental factors. (04-19 11:26)
Foreign exchange expert: Gold is currently in a narrow range fluctuation, suggesting to wait and see. (04-19 11:22)
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