Check out today's market insights from the Global Research Department at the Trading Center. Explore new trading methods and opportunities among popular trading products.
EUR/USD Spot Gold GBP/USD 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 crossed key levels, rendering strategies ineffective.
EUR/USD Intraday: Aiming for 1.0760.
Pivot Point:
1.0790
Trading Strategy:
Below 1.0790, bearish with target levels at 1.0760, then 1.0745.
Alternative Strategy:
Above 1.0790, bullish with target levels at 1.0805, then 1.0820.
Technical Commentary:
A break below 1.0760 could trigger a fall to 1.0745.
Spot Gold Intraday: Downtrend.
Pivot Point:
2371.00
Trading Strategy:
Below 2371.00, bearish with target levels at 2347.00, then 2339.00.
Alternative Strategy:
Above 2371.00, bullish with target levels at 2378.00, then 2384.00.
Technical Commentary:
RSI indicator is bearish, indicating further downside potential.
GBP/USD Intraday: Short-term key resistance at 1.2540.
Pivot Point:
1.2540
Trading Strategy:
Below 1.2540, bearish with target levels at 1.2500, then 1.2480.
Alternative Strategy:
Above 1.2540, bullish with target levels at 1.2560, then 1.2580.
Technical Commentary:
The upside may be capped by resistance at 1.2540.
EUR/JPY Intraday: Bearish, below 168.27.
Pivot Point: 168.27.
Trading Strategy:
Bearish, below 168.27.
Alternative Strategy:
If it breaks above 168.27, EUR/JPY targets 168.91 and then 169.29.
Technical Commentary:
The RSI is below the 50 neutral zone. The MACD is bearish and below its signal line. Moreover, the price is below its 20-day and 50-day moving averages (both located at 167.82).
EUR/GBP Intraday: Possibly bullish with a target at 0.8624.
Pivot Point set at:
0.8587
Trading Strategy:
Possibly bullish with a target at 0.8624.
Alternative Strategy:
A break below 0.8587 could lead to a downward trend, with targets at 0.8576 and then 0.8569.
Technical Commentary:
The RSI is below the 50 neutral zone. The MACD is bearish and above its signal line. Additionally, the price is below its 20-day and 50-day moving averages (located at 0.8600 and 0.8603 respectively).
USD/CHF Intraday: No significant change in trend.
Pivot Point:
0.9080
Trading Strategy:
Below 0.9080, bearish with target levels at 0.9050, then 0.9035.
Alternative Strategy:
Above 0.9080, bullish with target levels at 0.9095, then 0.9110.
Technical Commentary:
As long as the resistance at 0.9080 persists, there's a bearish trend in price fluctuations.
Germany DAX Index Futures (Eurex) (M4): Intraday: Bullish.
Pivot Point:
18830.00
Trading Strategy:
Above 18830.00, bullish with target levels at 18965.00, then 19038.00.
Alternative Strategy:
Below 18830.00, bearish with target levels at 18760.00, then 18690.00.
Technical Commentary:
Investors should remain cautious as these support or resistance levels may trigger profit-taking.
Brent Crude (ICE) (N4): Intraday: Under Pressure.
Pivot Point:
83.05
Trading Strategy:
Below 83.05, bearish with target levels at 82.10, then 81.70.
Alternative Strategy:
Above 83.05, bullish with target levels at 83.50, then 84.00.
Technical Commentary:
The RSI indicator is moving downwards.
UK FTSE 100 Index Futures Intraday: Bullish above 8400.00.
Pivot Point:
8400.00
Trading Strategy:
Above 8400.00, bullish with target levels at 8455.00, then 8470.00.
Alternative Strategy:
Below 8400.00, bearish with target levels at 8364.00, then 8323.00.
Technical Commentary:
Investors should remain cautious as these support or resistance levels may trigger profit-taking.
