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FxPro: Daily Technical Analysis before the European Market Opens on March 22, 2024.

FxPro
FxPro
03-22

FxPro: Daily Technical Analysis before the European Market Opens on March 22, 2024

See the market view of the Global Research Department at the trade center today. Explore new trading methods and opportunities from popular trading products.

Euro/US Dollar British Pound/US Dollar Spot Gold Euro/Japanese Yen Euro/British Pound US Dollar/Swiss Franc Germany DAX Index Futures (Eurex) Brent Crude (ICE) UK FTSE 100 Index Futures

Warm reminder: Due to market fluctuations, prices may have passed the key point, making the strategy invalid.

Spot Gold Within the day: Short-term key resistance is at 2187.00.

Pivot Point:

2187.00

Trading Strategy:

Below 2187.00, bearish, with target prices at 2167.00, and then 2160.00.

Alternative Strategy:

Above 2187.00, bullish, with target prices at 2198.00, and then 2211.00.

Technical Commentary:

The RSI technical indicator is below the 50% neutral area.

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British Pound/US Dollar Within the day: Downtrend.

Pivot Point:

1.2680

Trading Strategy:

Below 1.2680, bearish, with target prices at 1.2610, and then 1.2580.

Alternative Strategy:

Above 1.2680, bullish, with target prices at 1.2710, and then 1.2740.

Technical Commentary:

The RSI technical indicator has a complex trend, leaning towards a decline.

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Euro/US Dollar Within the day: Downtrend.

Pivot Point:

1.0875

Trading Strategy:

Below 1.0875, bearish, with target prices at 1.0810, and then 1.0790.

Alternative Strategy:

Above 1.0875, bullish, with target prices at 1.0895, and then 1.0920.

Technical Commentary:

The RSI technical indicator is trending downwards.

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Euro/Japanese Yen Within the day: Bearish, below 164.57.

Pivot Point:

164.57

Trading Strategy:

Bearish, below 164.57.

Alternative Strategy:

If breaking above 164.57, EUR/JPY targets 164.97 and 165.22.

Technical Commentary:

The RSI indicato

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Technical Analysis

Technical Analysis is a financial market analysis method that predicts future price trends by statistically and graphically analyzing historical data such as prices, trading volumes, and indicators.

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