FxPro: Daily Technical Analysis before the European market opens on March 11, 2024.

Explore the latest market insights from the Global Research Department of the Trading Center. Discover new trading methods and opportunities among popular trading products.

EUR/USD   GBP/USD   Spot Gold   EUR/JPY   EUR/GBP   USD/CHF   Germany DAX Index Futures (Eurex)   Brent Crude (ICE)   UK FTSE 100 Index Futures  

Kind Reminder: Due to market fluctuations, prices may have surpassed key levels, rendering strategies ineffective.

Spot Gold Today: Anticipated at 2205.00.

Pivot Point:

2168.00

Trading Strategy:

Above 2168.00, bullish, with target prices at 2195.00 and then 2205.00.

Alternative Strategy:

Below 2168.00, bearish, targeting 2162.00, followed by 2155.00.

Technical Commentary:

The RSI indicator shows a complex trend, leaning towards an uptrend.

GBP/USD Today: Adjustments.

Pivot Point:

1.2870

Trading Strategy:

Below 1.2870, bearish, with target prices at 1.2835 and then 1.2815.

Alternative Strategy:

Above 1.2870, bullish, targeting 1.2895, followed by 1.2920.

Technical Commentary:

The RSI indicator shows a complex trend, leaning towards a downtrend.

EUR/USD Today: Short-term key resistance at 1.0960.

Pivot Point:

1.0960

Trading Strategy:

Below 1.0960, bearish, with target prices at 1.0920 and then 1.0900.

Alternative Strategy:

Above 1.0960, bullish, targeting 1.0980, followed by 1.1000.

Technical Commentary:

As long as the 1.0960 resistance is not breached, the risk of falling below 1.0920 is high.

EUR/JPY Today: Potential for an uptrend, targeting 161.61.

Pivot Point:

160.48

Trading Strategy:

Possible uptrend, with a target at 161.61.

Alternative Strategy:

A fall below 160.48 could indicate a continuing downtrend, targeting 160.09 and then 159.85.

Technical Commentary:

The RSI is below the neutral 50 zone. The MACD is in a bearish state above its signal line. Prices are below their 50-day moving average (161) but above their 20-day moving average (160.75).

EUR/GBP Today: Potential for an uptrend, targeting 0.8533.

Pivot Point:

0.8505

Trading Strategy:

Possible uptrend, with a target at 0.8533.

Alternative Strategy:

A fall below 0.8505 could indicate a continuing downtrend, targeting 0.8495 and then 0.8489.

Technical Commentary:

The RSI is below 50. The MACD is in a bearish state above its signal line. Prices are below their 50-day moving average (0.8518) but above their 20-day moving average (0.8512).

USD/CHF Today: Bullish above 0.8755.

Pivot Point:

0.8755

Trading Strategy:

Above 0.8755, bullish, with target prices at 0.8785 and then 0.8805.

Alternative Strategy:

Below 0.8755, bearish, targeting 0.8740, followed by 0.8725.

Technical Commentary:

The RSI indicator is trending upward.

Germany DAX Index Futures (Eurex)‎ (H4)‎ Today: Very short-term (intraday) support around 17800.00.

Pivot Point:

17800.00

Trading Strategy:

Above 17800.00, bullish, with target prices at 17880.00 and then 17920.00.

Alternative Strategy:

Below 17800.00, bearish, targeting 17760.00, followed by 17730.00.

Technical Commentary:

The RSI indicator shows a complex trend.

Brent Crude (ICE)‎ (K4)‎ Today: Under pressure.

Pivot Point:

82.10

Trading Strategy:

Below 82.10, bearish, with target prices at 81.00 and then 80.65.

Alternative Strategy:

Above 82.10, bullish, targeting 82.80, followed by 83.20.

Technical Commentary:

The RSI indicator is below the neutral 50% zone.

UK FTSE 100 Index Futures Today: Bullish above 7649.00.

Pivot Point:

7649.00

Trading Strategy:

Above 7649.00, bullish, with target prices at 7700.00 and then 7725.00.

Alternative Strategy:

Below 7649.00, bearish, targeting 7630.00, followed by 7610.00.

Technical Commentary:

The RSI indicator shows a complex trend.