Check the market insights from the Global Research Department of the Trading Centre today. Explore new trading methods and opportunities from popular trading products.
EUR/USD Spot Gold GBP/USD EUR/JPY EUR/GBP USD/CHF German DAX Index Futures (Eurex) Brent Crude Oil (ICE) UK FTSE 100 Index Futures
Friendly reminder: Due to market fluctuations, prices may have crossed key levels, making strategies ineffective.
EUR/USD Intraday: Short-term key resistance at 1.0870.
Pivot point:
1.0870
Trading strategy:
Bearish below 1.0870 with targets at 1.0845 and 1.0835.
Alternative strategy:
Bullish above 1.0870 with targets at 1.0885 and 1.0900.
Technical commentary:
As long as the resistance at 1.0870 holds, the price trend remains bearish.
![b2a74427ad5d4a089ce60f1d696169ee395](https://production-app-asset.traderknows.com/images/78b2b16b1eee4cc784191ca8d78042b9.width-800.png?Expires=1724637186&Signature=hSE~Nku0eFGnxK~8c9DoLbuUMY5o~1S5YcBMlpuWTSu5D8b9r4ST-ujGV5rwh13l1AmPEuBf-Mu1iZHTVUtDqlF7ICg1T8gHVOeSzY67gaIOvlG9OcdDWlfciBh2Zv6heoEl5xbNZJIOE439xlbiZPmMuZ3YAuJxgV3crB9rnyWI-NPfQgLiF42cRzg0~9vNUzbYuDYqWbyRVx1PU4Tb0W1PBPpkOoxvS0fnL5Fi8J~~tO6rOAv4zF-YSN5PjyRg663mzOEV6uD8ppIydCYQvhNE~nB2BhlBAVMZz9O8b986VLukpAIzilb9CPUS-tbd8KiGVGk7mXL7ouN2-4ibKw__&Key-Pair-Id=K3LHBTUA5A7KEY)
Spot Gold Intraday: Downward trend.
Pivot point:
2432.00
Trading strategy:
Bearish below 2432.00 with targets at 2395.00 and 2381.00.
Alternative strategy:
Bullish above 2432.00 with targets at 2450.00 and 2460.00.
Technical commentary:
The RSI technical indicator is moving downwards.
![b2a74427ad5d4a089ce60f1d696169ee569](https://production-app-asset.traderknows.com/images/7cb6e54ad3a24e2fb8aea2723064d419.width-800.png?Expires=1724637186&Signature=flZzbpecTRUXFGx7nBNqQwpg6nSGktxTfo3vXtZchFUd5OrfPTuMtaagfNqVZ5OBHQ0P8o2W61WVgT5xi6ViNFCLKNSPfUtjT~eWeB9SvYv7VDCfMtoju8EBTXBIhIw64rg1Z~prL55uEKPZwdk~I6IdJU83KII1Uk45oUGmCd7TdAGWgqJJe-yjmqTFuJSq~-o68SmCLQfUJa2hx3TTb~d1o38Tig9EDMG-5CxgfS8sdSJYCxTU79d7BRPpXGBMt0hePBhXQ6xHJ3dX1OqqbpkhK8DMGalF5K6HW3B5c06xMm616cStWTSV81BjDdN2BAtsJbLnO2B6zOeqru-84Q__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Intraday: Bullish.
Pivot point:
1.2690
Trading strategy:
Bullish above 1.2690 with targets at 1.2725 and 1.2740.
Alternative strategy:
Bearish below 1.2690 with targets at 1.2675 and 1.2660.
Technical commentary:
The RSI technical indicator is moving upwards.
![b2a74427ad5d4a089ce60f1d696169ee729](https://production-app-asset.traderknows.com/images/288ad3b6867d4b398a7493c3d9ec4a9b.width-800.png?Expires=1724637186&Signature=1H7Q46bf8TNTdR4qOUcS~TGCIIpA~4IZ13NfN25t6EHuKjlsW91zLIfjRMiqQxIt4uVF1HOH30DFrenfZC91mCKA2zJ7ak3inx~CszrSMMzhZBf6RDbkZK1tq-P-kKCe8MnYYQAzOT3fpiqV5qv3-PN82WIzTXNlyNEbQpo7dI91tuNdqX2BOsFUJsqYVdJd3G2-fCWsvNzjBjj~tsDq5Oi-lJv1mVkYG4E9enSHUcg-huvz9GIV-ukDoXL~d6hOfZq-5YoDXnt1Vbszbax7MGEmzaRLi4WWtio3diLLcGxn6wkXkfxC0j6CMKlMw58838A~qZZVVc6wqYs-MrOjpg__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Intraday: Bullish with support at 169.32, targeting 171.08.
Pivot point:
169.32
Trading strategy:
Bullish with support at 169.32, targeting 171.08.
Alternative strategy:
A break below 169.32 would bring a continued downtrend towards 168.67 and 168.28.
Technical commentary:
The RSI technical indicator is above 50. The MACD technical indicator is below its signal line, indicating a bullish outlook. Additionally, the price is above its 20-day and 50-day moving averages (currently at 169.78 and 169.58).
![b2a74427ad5d4a089ce60f1d696169ee985](https://production-app-asset.traderknows.com/images/589c1c6f94d349fd938ae4ed6f164334.width-800.png?Expires=1724637186&Signature=UA-PEZwIRcDtAy1ThYcCrLtZEeyx3nOzw-6P8rR-MGN0rQxbwEBuJHdDTTk21-wOy89W18mLZK7NqHqdrLAYLrKMSrkYNn8diKdMoKPGkgP4snhZxvSmh5zOrqVfQ8hv8VzNKSekP7H5MpkqenaY8JVxYKcVQNBS0XQvioKGiIyjAX~IZd5CtjRm3gGDzp4WAT11m5dt6Ve7RGb~Y8IsjUuNq0WOeIk4OGrD764dn6IWu9W1VOwQvznSR3syrr6s5Z6kjutudh-lYZS5~WKVu01fcjg~ymXNeVOTFOvXT7oevKu-jSxydiIec1uA4gSt-Wg86XGKl7lebyk4eh0GVA__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Intraday: Potential for rise, targeting 0.8565.
Pivot point:
0.8533
Trading strategy:
Potential for rise, targeting 0.8565.
Alternative strategy:
A break below 0.8533 would bring a continued downtrend towards 0.8521 and 0.8514.
Technical commentary:
The RSI technical indicator is below the neutral 50 region. The MACD technical indicator shows a bearish state and is above its signal line. Additionally, the price is below its 20-day and 50-day moving averages (located at 0.8544 and 0.8550, respectively).
![b2a74427ad5d4a089ce60f1d696169ee1235](https://production-app-asset.traderknows.com/images/6962ff1648d248bd95b3e33a191458e9.width-800.png?Expires=1724637186&Signature=gYgnKukix~eNjdiL3N9Vxh7y9CRE4CtZYnE5ei9sdVWyiDF0LIsyBqk7qUkkYLDsRNjts2F6wqESuow04I4qA5FEIfhr1rj4Ta3k7FLx3GSLlQgGoYyPavGdDa7SLnYwHvjj0okWmUWJwQ9ySK1Q2vLmpH7xtb2LJSvz7FdOTMAQ2VF-zw2FXHOn8XzyQFOiaLzoiDcnmxRbdlzJyEbP-0dMjuvZ7pkJoOMjVf7YUhTl8EG9~eDeCFp7EN3o0Fzv8OX4AdeNVe1n4g9GrnRPYeBNzc3usf6EBVeS48pfAgdrbqjzmIumkWRtjQDw2BB48pOYoHCS5LnrKF-YEHX8jQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Intraday: Upward trend.
Pivot point:
0.9090
Trading strategy:
Bullish above 0.9090 with targets at 0.9115 and 0.9130.
Alternative strategy:
Bearish below 0.9090 with targets at 0.9075 and 0.9060.
Technical commentary:
The RSI technical indicator is moving upwards.
![b2a74427ad5d4a089ce60f1d696169ee1402](https://production-app-asset.traderknows.com/images/150d454eec294b709f03d3443af5cc49.width-800.png?Expires=1724637186&Signature=L6wWJn73YYFNRTRkc1IOiLtPX8ZvOSN3byjdioh4joPvAT6z~ROUgGtvIEQfad5eQ64bsXpB9UBYbLVp0NIOn1JmoRJi6~BUO-6bq~9gyCYX7zASpjDDY6pqp4VGRAjCZ5vXJa1oJWFBGFvJoMniWAgCu0A1t2Nb71s2OdQU3H0lyLt5EEanmcreB4AVcxHkbqseSLpfUoLKAzV0yyXmWQfK7EwFXApw5bTHukVvbb29Q7aW5yg~zEqwqoMyZdkhCM86QZZefX4IUR~CIZ8jKKhNK32h3dW3MYBVqhCxHAYtEiRzBot4Y0Xf2n~StIqqCmaxP4rZLVmaug79RmKT6Q__&Key-Pair-Id=K3LHBTUA5A7KEY)
German DAX Index Futures (Eurex) Intraday: Short-term key resistance at 18887.00.
Pivot point:
18887.00
Trading strategy:
Bearish below 18887.00 with targets at 18748.00 and 18706.00.
Alternative strategy:
Bullish above 18887.00 with targets at 18965.00 and 19018.00.
Technical commentary:
As long as the resistance at 18887.00 holds, the price trend remains bearish.
![b2a74427ad5d4a089ce60f1d696169ee1630](https://production-app-asset.traderknows.com/images/b7ebd4c7d8934e6e8ed0ce532849ccba.width-800.png?Expires=1724637186&Signature=XgAhTmgSu007DfdWZhcwixrQ9QgQMIP-nWFA5mZ79SJQFgko5d7xAWfa9nn1RaAXy2QzosIGP7ORug-4oTa0o~KwseFzXBU44peGVLrMfPRiUmNDLqPGYUHUP7GCHlUEDLUDeCOqfb8gHztjJL0TN6gVQljb-lxz8S4VfScpS03IoZWn5zzDUk0hKe4LXDSA7855v1ONPPKRms-t2tirzAbWebK0GjwkYT-AWkKRWcVq8A4mkrPZT1uuXPaAyjIRdlhagrNTy3LxrFZemtaQMmHOvc5HkwsbOzMy7qaDzey~n1Fni8v3sDNJxoqci0dbK-tojca9eNP73LgBZTAfKA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude Oil (ICE) Intraday: Under pressure.
Pivot point:
83.75
Trading strategy:
Bearish below 83.75 with targets at 83.00 and 82.40.
Alternative strategy:
Bullish above 83.75 with targets at 84.20 and 84.50.
Technical commentary:
The RSI technical indicator is showing a new downward trend.
![b2a74427ad5d4a089ce60f1d696169ee1807](https://production-app-asset.traderknows.com/images/c174f5e9017a426ba81f9c0e99a5a476.width-800.png?Expires=1724637186&Signature=lXxIjGqPEUCuTIxGz~7CWLYAeWRcAVq-7qSJpGxLWdfoiP~9VYXpLK-cY1Mz3s39p9zyKmYozI2aEIDYBzHb40U2fEUmMkPMQGM38iGGUnFQdgA8Cv11Y4xCAOLN5MeAMjRasJT5twVaRIoPTlFYWy3Lp6Uy0QCXg0a5M~Y5GNXo59p5s-P27zcLLBF20w1lIFlRd9tknLlrY1mEOxwj~UjoelT689mmC3Yy5hQGouiqJXYH2U5rnQQoYBCrSAjk~ja8WFLr45pPf9NwSGxpXVJQtAOWsZaS0cQBBlfnD2BpW~l-U~INUPDQuPfuve~PNS0W5kSNvlxy7Za6KMjFMQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Intraday: Under pressure.
Pivot point:
8446.00
Trading strategy:
Bearish below 8446.00 with targets at 8368.00 and 8340.00.
Alternative strategy:
Bullish above 8446.00 with targets at 8471.00 and 8489.00.
Technical commentary:
The RSI technical indicator has dropped below 30.
![b2a74427ad5d4a089ce60f1d696169ee1983](https://production-app-asset.traderknows.com/images/ff81ce3270844fea9650cea0bebc0636.width-800.png?Expires=1724637186&Signature=IiVtelZ7JVIwV-RpiiCNI2SoghysRbPHOFK-Nrk80dkbocrKkXjGCJ0rhabbnIIkPhVb2encUeXCwT5DH9uN6jKQ4NBxxDDsAQbYU291YInb9L2i7OkWvm675HGEtUdc3UU0PGArcQfmekcyNRCQTi5PTaf4uWYtNsMsD1NR4ZWovckJHPsK8AmaWjYTpMlNS9cWHLJqLpJCpKsoipTa2pfbPcIMM6H~8WtkCI5HkRF8DJrCHl~RN5aFd1nCK6iTTThiZVAHekEep-vuutlwIub2iS5Ih8bAw7H6AIRjdN~m80OEuB6wg4t1erNtSlwhuYRjoZXYIOVFP40UbOAvjw__&Key-Pair-Id=K3LHBTUA5A7KEY)