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.
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.
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.
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).
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).
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.
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.
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.
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.
