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.
![632bfc6b797741b695cd372e8107158a382](https://production-app-asset.traderknows.com/images/af8601418e84432c97adf609ecdea163.width-800.png?Expires=1724648862&Signature=JaMru2HsH7tB2xgO6vLjgWLvTHoUwFe~-cqv5mTFyEcd-lwokl6qfyXcHNggtsZDqYeimh48leTEcBU-Qchvp1JkN~df8-dsSYr4~lB-N7If05eA44Ms~OFp2-giBVObFKMTVWJIv5KyT2vqvyKVqOGxBw345ZUW4T0v6LGbAKzcpsZOLVAxT-pPaUB2E6hSOEXdVV8lhUbK9IORVG~NLkpTxNvCPiWLCRwSxe7omfQtqcMgDsY-TLZzu2oHUNQ0R0CicXUvd45dICBIRyi8P~JqFoQn9paxEJ7IFo9PSnqP9A8LcmQceI8NGt5Q9bGouWBzLgi4mI9ft9q4BCTdPQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
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.
![632bfc6b797741b695cd372e8107158a561](https://production-app-asset.traderknows.com/images/83e0c1a08f344cf3a7c28a35734665d1.width-800.png?Expires=1724648862&Signature=EAtMRFJy4AQ8g70jdHApZpIJumYstCy9JT8OgoQMsxBrUQAbFQe9Rgkr9mQQ4C3VSAjsaME-BvktxsSQdR18QP5bLvPCfQpW0CN1~TbqE1r-TAy4aFJZ15RAOSZoU~t3Fh~qCxQnm5J3s-ZyLRPgmHZfiPjiTGoofyGffIX0bYvzuj9SlRNtXdcKQUTxhvOI1ACO-cSJXiR-0PsHnwMse5ciMeK2JNuWua9sH7wflfvlv5wZjdKspan-MRwltYp2NDx4V2fuPJxTdHmRZxTnEmh17tAmvXu5HgUWVI0-cv3zTkXYQsq5GHkW6merQ9oI2axLlZHFJo7vb5gr6SaSjw__&Key-Pair-Id=K3LHBTUA5A7KEY)
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.
![632bfc6b797741b695cd372e8107158a746](https://production-app-asset.traderknows.com/images/6d391d14923c447b8d1704741df02174.width-800.png?Expires=1724648862&Signature=ern8JoaqkOHx~2mWAUcZA138RuP5EmN9p7NZAk-8gjxloN1Dsja6QDEgkFOwbAzOpt9Bq3AoLEAcCl~tXremmG961ItZn22XODWjVGPWgJ7CSmtsLEbkNU39pisTMoX02z60PdteNug~ZKP~LxSQVvTWm3zpHjchKbNNNr3oINN5Qxuk5D9KdeHfGFqRbQBfS7g6YP7pfut1tsVAcPhX7AWP-Di9gsWKr67wEDjEzhSOgkJf5t1k722cBLR83hITVu5c4gOEtU8Whw-ustwIYcAJ3d0I9NddYtcPCCuNZ1rCMXBPUzXdW20u3gto-fQKekmINoeHbbbYhhvS4vAn6g__&Key-Pair-Id=K3LHBTUA5A7KEY)
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).
![632bfc6b797741b695cd372e8107158a980](https://production-app-asset.traderknows.com/images/1257f38259774060937a49aa97f976c2.width-800.png?Expires=1724648862&Signature=TNGD8vRweH6M4bQN12CP69Z7lYxu88FL9GhQRfcQBQ06rKS4ZaB9a2OhZ90O2Mn9Oy82O48DGtDmWOUG6wa4u6zsrFcNgxhhJXkFIWrqmNxjjiswXsix87gpml~OgpuhxdFS26h5iJ3i16uTTdIQl4YjDH-LtSlNinfO1URKmv3fHfxI~N1ZMKTS3Vn0Av6hkKZupFX4NDA-BC~nsOvEdcDWqI7p~9ApzxYbrhrFrrukS9koXlaC4Bw8zl9vEHWWd4F7gyH8NS7c7eGCbL6psFkKFb07oav51vhuVjDDgmqVfUvDi1S2zOkSuVb7nV8PFSz2vr7gpArMs2bOwCY~Og__&Key-Pair-Id=K3LHBTUA5A7KEY)
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).
![632bfc6b797741b695cd372e8107158a1227](https://production-app-asset.traderknows.com/images/848710691178462cb3ef928bdd5b0248.width-800.png?Expires=1724648862&Signature=KAIaFcf~khRjnlWRSFte~keq4wzLsacM~i6PNJDRlaabmJUmdKaWBvxLGwIdATvFwjEjS4lLhhGYVgHRAJmXoaXm4QKGG5BvBhtiLeFSlSDsPn1AEnau3btubleoBUO5KR-9TPCoRMRdlCpVFgNbp7pHxgpCRP~kxQNvbjECEdjp~Wfp~Xc1vMPIH0MZ5dfNhcsoeFap8lL-9riYk48Xiu-vGPCZEfUPHI3zR-EbXo-uj8x~lAo-YLpbq1tAxKf~hHVO4psWkmjzflcNI7KU4y4X4dOay5D0Va8fyeWyFV2yArsDMD-B-CWXc1p~V6IM3NTosQDh-5CtoTHYyhOQeQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
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.
![632bfc6b797741b695cd372e8107158a1411](https://production-app-asset.traderknows.com/images/200a85ae5191487aa13117eed5da7b21.width-800.png?Expires=1724648862&Signature=rb-Qx78A8KU~pSSWwAWwSo51sPfsci51XaJA3nFruzQxVdh97pQ-vImLkHDv4W5Ck63JCP6zstrR9oLARZo7485wkBCZQxG1gmp1pEbVT80TfAWcxCpa~NJQvyLdtoyfF5jTC1jd2wuAPH58hiUlxWyEuEyM8nkwmtkbNoJ4K37yrIei7tKRdnku5t91iGDfXkQf44HDeX4SI2yeEkIcGw3klsOQLuqHuwbaghAo6DU8cC20zEJOOqiQA1jhV5sd7a9JBGJDESSSCHRegj8Dh~-9MQBokJPVGSs0i1af6rgpdtrX~hanjDnG12hqcUWoWF4LiAEPonh~tS1lp2In3A__&Key-Pair-Id=K3LHBTUA5A7KEY)
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.
![632bfc6b797741b695cd372e8107158a1626](https://production-app-asset.traderknows.com/images/cdf0165843744278921df72d317fab1e.width-800.png?Expires=1724648862&Signature=CFVaIdza2yXsgZjWDHfHBXnnJzcipRbgN539bg8~ZhdDSRtzIAHzkbZr4qnvRHU7yBlsmvd2f8SO0Hgg~e8domZMlzjtHfWxuzb~7H9ndGMY9rBzdHiXMv3q43N5YePlTYufFYfUb8KKsLFDzhJB78yUWg~tb3xA9KET4zl6tJWmrQ6vsQ9MOyLhw0fabGnq2ZB-Bo6A6wAoc1VVrrRCg0jv2QvHHITRWoJ1lQr4garACtNNi-uN~QVcJ0418wfAfA~tJ3IfbJrUCTeX826tEhJx1W42gMX9XO5dMAnHHL5OlnP1FdoOMo0V628Wqi9mK3y~FsmFIY9KmSMLDSoerw__&Key-Pair-Id=K3LHBTUA5A7KEY)
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.
![632bfc6b797741b695cd372e8107158a1797](https://production-app-asset.traderknows.com/images/c68be7e73c894373a88f25125c10dd30.width-800.png?Expires=1724648862&Signature=UyR2hS9IxLzsOtdyKS0T3Z46VfsVLeR4QMjcZP9brUXH7UpihJLv9f9HMQsX0tV5k67tA9n08~7ShUPHnJOtetHUpNfWhHSH~s85cyLR2o5k21zO8ragCLFMlNF6ybFqIR6vq9VnjXcK637QJbfYWgNZQBqLcNJk4fxdcp6vxsmJSsxi5ALP36V0M9DYaH6YwLUXv1yj4tGFEvJ4VWc8kl-uEYSxkx98Y4WTJw9TV5FJng9I56PdBZnHPSIRR6YcR-Q9czVjekUPvpabU~ig2Pn~OCNnbWn9a1Ne2TuxMnnkhtxyDNsMn--OzkqSPlvylSy~1uDbBpqLZk49vO3R7Q__&Key-Pair-Id=K3LHBTUA5A7KEY)
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.
![632bfc6b797741b695cd372e8107158a1996](https://production-app-asset.traderknows.com/images/bab09772d26c4d31b4dcdff1edfdeb13.width-800.png?Expires=1724648862&Signature=k9y7DTMVoeXEkIcdZ-QSboOy4v-alnwL704~dnKdfeOjC~9Sr1U~sM6FJjYnxl7bkGX4mVnTBxO1bupjcb61BTFTEeorFlxDLVjJNn20ysGlzobZy2DGn7IuFEsRip63n8q12bwdPogdyiH0IvCHcypRjrVE93AqzbkJiyGoFoVDZg2qj~BxFvTT4Em4xT9VCCYX4xBd2PNubGuKn53gCHrVnCUK90wpBE0c56~3yQmBgDocMS63~a393OWc6MrKoS1CcG6pLbDbhWmUjihX3bk9MEy8L3p~TUna1~-FtXNVStuRlXCicLAvPWURedTZwhEFvGXww-xcRmVRUw7X1w__&Key-Pair-Id=K3LHBTUA5A7KEY)