The stalemate market has been opened, and we will pay attention to whether there are new changes today!

July. 27,2021
The stalemate market has been opened, and we will pay attention to whether there are new changes today!

It's a dull day, but it's hard to say whether it will turn into a dull market.

The current trend of the U.S. dollar index is indeed a bit unsightly. The daily chart is volatile, and the price has been unable to produce effective breakthroughs for a long time. This has caused the whole trend to fall into a strange state of shock, and it will become more and more stalemate; if this state continues If it goes on, it will inevitably cause a substantial blow to the dollar index bulls. Therefore, the longer the time delay, the more disadvantaged it will be for the dollar index bulls.

In fact, on Friday, the trend of the U.S. dollar index began to show signs of weakness. From the daily chart, it can be seen that the volatility of the entire trading day can be described as small and small, and there is no major market. In the hourly chart, the trend of the U.S. dollar index It was even more stalemate, the price swept back and forth, and produced two upward heuristics, but in the end it ended in failure, the price returned to near the opening price, and finally closed in a shape similar to a small propeller, conveying a stalemate mood.

Obviously, this sentiment is not beneficial to the market, and can only be regarded as a transition, a time-consuming behavior; however, if you look at it together with the previous day's trend, the interpretation will be completely different. The sentiment shown the day before yesterday was very obvious and positive. The first declining and then rising market can clearly convey the intention to be bullish, and the long shadow at the daily level also declares to everyone the sentiment of bullish the US dollar index, but what is interesting is that, On the second trading day, the U.S. dollar index immediately died down, and there was no ideology of continuing to rise. Instead, it fell into a narrow range, a typical incoherent performance.

As the market price gradually shows a short position, it is actually a little bit of confirmation that the US dollar will gradually reverse the idea, but it should be noted that even if the US dollar index reverses, it will not (and impossible) happen overnight, but it will take time to brew slowly. , As for when it will eventually erupt, it can only be determined based on the situation! However, judging from the situation today, it seems that there are no stimulus factors in the market for the time being. Therefore, it is also difficult to get out of the larger market today. At present, we can only say that we can only take one step at a time.

At the operational level, today the market as a whole is likely to remain stalemate and volatile, and the market has not (and will not) be opened immediately. Therefore, today's operations can be more cautious and try to find valuable points for layout. Do it if you have a chance, wait and see without a chance, for reference!

Trading straregy:

EUR/USD:

In summary, Europe and the United States can operate today with overestimation and low slag. From the perspective of the market, the most suitable option is to buy on dips. Therefore, the following suggestions are given. The market will do if the opportunity is given, and wait and see if it is not given. :

Buy in the 1.1745-1.1755 range, stop loss 20 points, and target 1.1775, 1.1795, 1.1815.

GBP/USD:

The second operation currency pair today is to choose the pound and the U.S. transaction, which is the same European currency. The operation idea is still to buy on the bargain. Try to choose the layout of valuable points. Combine the disk and give the following suggestions. Refer to the operation as appropriate. Weak position:

Buy in the range of 1.3695-1.3705, stop loss 20 points, target 1.3725, 1.3745, 1.3765.

gold:

From the perspective of the trend, although gold has fallen into turbulence, it is actually brewing some higher sentiment. Therefore, the operation can be found to be much lower. The key lies in the choice of entry point, which will directly determine the final result.

Combined with the board, give the following suggestions, refer to the operation as appropriate, and wet warehouse:

Buy in the range of 1800-1801, stop loss 3 dollars, target 1804, 1808, 1813.