Industrial Investment: "Trump Market Reversal" The foreign exchange market is shaking, and the US dollar is walking on thin ice

Industrial Investment: "Trump Market Reversal" The foreign exchange market is shaking, and the US dollar is walking on thin ice
2017year1month12day
euro/dollar
Prior to Trump's press conference, after winning the US election, the Trump market was dominated by a strong rise in the US dollar, a decline in non US assets, and the euro/The US dollar fell more than100Point, lowest dip1.0453. However, Trump only talked about issues such as the Mexican border, Russia, and commercial conflicts, and did not provide more clues on market concerns about increased spending and tax cuts, which disappointed dollar bulls who were betting on Trump's policies. After the press conference, the US dollar plummeted and the euro fell sharply/The US dollar has fully recovered its lost ground on the same day and once again reached its recent high point of volatility 1.0622All day amplitude exceeds150Point. However, despite the overall decline of the US dollar after Trump's speech, it is still in a weak and volatile pattern of correction, with the euro/The US dollar has not effectively broken through resistance and opened up further upward space, lacking direction in the short term. Multiple Federal Reserve officials will be speaking within the day, but the market may be waiting for Friday's US retail sales data.
Daily chart collection with a long shadow line, still holding on1.0500Supported but still limited by resistance near last week's high, lacking direction before effectively breaking through.4The hourly chart fluctuates in a wide range, with strong support and resistance. The hourly chart first suppresses and then rises, but at key resistance points1.0620The rebound energy above is weak. The intraday trend is to sell high and buy low, with tight stop loss measures.
Support position:1.0565 1.0530 1.0490
Resistance level:1.0620 1.0650 1.0710
pound/dollar
The pound fluctuated and fell after weak trade data, reaching its lowest point1.2037Subsequently, driven by the sharp drop in the US dollar in Trump's speech, it quickly rose, reaching its highest point1.2270However, the overall weakness has not changed. Data shows that in the UK11Monthly trade deficit in goods121.63Billion pounds, including a trade deficit in goods with the European Union85.86Billion pounds, setting a record high. Additionally, the UK11Monthly industrial production growth2.1%Annual growth rate2.0%;11Monthly growth in manufacturing production1.3%Annual growth rate1.2%. The market ignored positive data and reacted strongly to weak data, indicating that the pound had been suppressed until the UK government came up with a convincing exit strategy. There is a lack of important news to drive today, and the overnight rapid rise may provide opportunities for short selling at high levels.
The daily chart includes a candlelight with a long downward shadow, but it is still blocked by the downward movement20Daily moving average, bearish pattern remains unchanged.4The hour chart shows a strong upward trend without follow-up, with a long upward shadow and a cross star indicating the possibility of a short-term decline. The hour chart corrects the short-term sharp increase and carries the risk of continuing the downward trend. It is recommended to short the rebound when encountering obstacles within the day and follow up with a lower break.
Support position:1.2150 1.2110 1.2040
Resistance level:1.2200 1.2270 1.2310
dollar/Japanese yen
Due to Trump's failure to provide more details on fiscal policy at his first press conference after winning the election, the US dollar has poured cold water on the market with high expectations that his policies will stimulate inflation and prompt the Federal Reserve to accelerate interest rate hikes/The Japanese yen rebounded to a high point on the same day after Trump's speech116.85Rapid decline, lowest dip114.24, with a recapture of the final session115Gateway. According to data released in the early trading session, Japan11Annual growth rate of monthly and quarterly adjustment of current account surplus28%But the Bank of Japan will10The policy expectation that the yield of the one-year treasury bond bond will remain near zero may keep the yen under pressure.
Daily chart continues testing115Yes, this file is also supported50The level of the daily moving average may continue to fluctuate even if it does not fall below this level.4Hourly chart breaks down, but from the long down shadow line included, bears still hesitate. Hourly chart tests again115The possibility of falling below again cannot be ruled out. Radicals within the day114.60Try more above, set a stop loss tightly, take a look first116And seek opportunities for backhand shorting.
Support position:114.60 114.20 113.70
Resistance level:116.10 116.60 117.00
AUD/dollar
Driven by the rise of commodities, the Australian dollar has recently shown strong performance, and overnight, driven by Trump's speech, it has surged significantly100Point, highest probe0.7470. Given that the recently released Australian data is not ideal, the strong upward trend of the Australian dollar may be a bit excessive. Although there is still some room for upward movement in technical data, it may soon experience a pullback.
The daily chart rises sharply, touching0.7780Falling waves since the high point50%Feibo returns to the level where the dense resistance area is located. However, the random indicator overbought but has not yet rebounded, indicating that there may be further upward movement in the short term, but the space may be limited.4The upward trend of the hourly chart remains intact, but there are signs of stagnation in the upward trend at high levels. The hourly chart fluctuates upwards, with bulls taking the upper hand. Within the day0.7420Continue to go long above,0.7500Seeking short selling opportunities on the front line.
Support position:0.7420 0.7395 0.7355
Resistance level:0.7485 0.7500 0.7525