Check out today's market insights from the Global Research Department of the Trading Center. Explore new trading methods and opportunities from 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 volatility, prices may have already moved past key points, rendering strategies ineffective.
Spot Gold Within the day: Bullish.
Pivot Point:
2319.00
Trading Strategy:
Above 2319.00, target levels at 2344.00, then 2355.00.
Alternative Strategy:
Below 2319.00, bearish with target levels at 2313.00, then 2305.00.
Technical Comment:
The RSI indicator shows a further upward trend.
![87cbadef79924af09a9bdf6e991b3037375](https://production-app-asset.traderknows.com/images/5d0eb0d1e023476b88fdab252430b8d5.width-800.png?Expires=1724601036&Signature=VdwCUaxHHdGO0tAHgN-3ssCEG~fQ9tiNU24AM08tIDHWbBIwbWn~cHkYsd5fUTMkuoYbhdZJ9ShVWCrUQaVeTs-B-yiaYe3TrFMaJcY~cA0LXegyEIHMUfauMnyTRLTtUQWtqmfwEcPT8nVAIi8h2wWujPs2oDKr~Vj80PVVOyp5RQcg~CJbtQIvt3WN7ZOygsF4YMtsAjMXVUV2okDoqK-4OdGkLCiecMurVj4~HoBRLvpVD-O70vyv8x46wXVFEFLE1wWlvtGIfTS-zpqWSlHCU4JuDCu9odGuYgRVXzSILiZ2op-4QNpeKgryfd6SSl6kNzRgXp6YVBLJ7IWoFw__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Within the day: Ascending trend.
Pivot Point:
1.2475
Trading Strategy:
Above 1.2475, bullish, with a target at 1.2530, then 1.2555.
Alternative Strategy:
Below 1.2475, bearish, with target levels set at 1.2450, then 1.2420.
Technical Comment:
Even though a continued adjustment is not ruled out, it should be limited in time.
![87cbadef79924af09a9bdf6e991b3037561](https://production-app-asset.traderknows.com/images/32e951cb1b9a45c4b95c75d9bb3da9eb.width-800.png?Expires=1724601036&Signature=n7ReKLPsca6aHnaCMivE8rIUr5drsOeG45P5i2SFFVw~NGkbQvmHkCE8ZyG6KLKSJzCmv2ciSinweHNelhlI9q1S1NbEbXVq4tZsNsDswy8LOJ5VvYl267SQB6Xa-WoCRkoB9yiDLQaEjecqXznrkCoGp3D47N9-YNdT~LVBK8PWI3rj6Uy7ykp5xkr9Oa5zIeqqb0bCdkmuK-DpnAVbfYIDSl8KM4961k0FX9W0IOkP9hiNCi96PWK4oCfvSuDvWJsCv3Kk4rEpyDGC1PIFcShtqmtgOM7mjw5ANlO6esKL5CbRbKKenIrICHnTB9bo7p1UeMQxZ-5aKcd9yJ6-Dg__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/USD Within the day: Ascending trend.
Pivot Point:
1.0710
Trading Strategy:
Above 1.0710, bullish, target levels at 1.0740, then 1.0755.
Alternative Strategy:
Below 1.0710, bearish, target levels at 1.0695, then 1.0675.
Technical Comment:
The RSI indicator is trending upwards.
![87cbadef79924af09a9bdf6e991b3037728](https://production-app-asset.traderknows.com/images/a107e9c157c74b03bb6f91e5ef63435c.width-800.png?Expires=1724601036&Signature=YAIui~p0HkEY0P3i7GtWd6QNWDUrO2as0IoHW8u4A~m4DwVLnbvl17wALa~74fGZgLdxAGHeKaikk453iN5hy5O6GndU45pPxclBsSNpzeMrsBak-NhYb591wo7j3MNO5g7FRdaNB2uYCZEWwpvoTDkS6344l3nJgRw1ffKr~7h4DKW3ztDzqMHzBn4bE9k2wVzO8jGXUH3~puWDhcpYKhLur9QS4hLueebbeR7CYPg~UVhSW75X-ANW-qWVM68byBvQb1I6Du6EEEYkhvFWbFJsRpQS02CEblxKBJ9lIeM3AYUz5So7hm0MHu3NJ-sSi7v2I0zsXEe0GHKP2MApIw__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Within the day: Bullish with 166.87 as the support level.
Pivot Point set at:
166.87
Trading Strategy:
Bullish with 166.87 as the support level.
Alternative Strategy:
If it falls below 166.87, target EUR/JPY direction at 166.44 and 166.19.
Technical Comment :
The RSI indicator is above the neutral zone of 50. The MACD indicator is bullish and above its signal line. Moreover, the price is above its 20-day and 50-day moving averages (currently at 166.96 and 166.84). Finally, the stock price is currently above the upper Bollinger band (positioned at 167.18).
![87cbadef79924af09a9bdf6e991b3037998](https://production-app-asset.traderknows.com/images/d05ec0a59700483da576948196269a87.width-800.png?Expires=1724601036&Signature=UDWCJwkfQ476S5QS67OwG2jcVKv9rJC5OerZqqMU4IeI4FoK~5lAzRJZGXXUCCSLwvX6Iy1XO6hKdMkNEOMQujM1yyCexbqzkK8yvpYgQuuwNKWkf8t-KFSGzjz7UZ4i6yu~oAPo18JBHv9-slNFpUHmE9rGbcqoRjw4MTd4yQ65CBBQJyfH8t04QX0Nr6dq2LHDXWMVJIg5kAdQIqiZIrtFlbIhA9lDvuC-SNiHNDiQwOhgv4gelduERh5Bly67MK2a8vUFivMrWdqRfkHAunUJtT-p3ayNDNmsPbAEXMSp89kqXPBqIHgJYJjJp39jl29ieJP-gqs3Wgs89xFYFg__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Within the day: Bullish with 0.8569 as the support level.
Pivot point at:
0.8569
Trading Strategy:
Bullish with 0.8569 as the support level.
Alternative Strategy:
If it falls below 0.8569, target EUR/GBP direction at 0.8558 and 0.8552.
Technical Comment :
The RSI indicator is above the neutral zone of 50. The MACD indicator is bullish and above its signal line. Moreover, the price is above its 20-day and 50-day moving averages (currently at 0.8576 and 0.8576).
![87cbadef79924af09a9bdf6e991b30371232](https://production-app-asset.traderknows.com/images/2982961d8b1a43f3bf7a2a3d9e478ede.width-800.png?Expires=1724601036&Signature=J-Hs-cPDBr~7k6FYcAAKKPQwSgKEBjRlkSdYsSFkWx5opt47~vej6dt0IEyPwivjC-AAMOy3mjWdvO3mx~af2Cz0wpUEcx5AAjMXkEuhie5RXVT2MFHkIaJX8pDwZf1KpGUYFVjk6P7Mu-cdYsugohAahaYoEUcCX0hesNu04mz6BJqbixckhKQ~AJhm7OrBY6VP3IG5w9lIXjxPPjpGQkGTJ~D7Eu~cjuFRrmobRuoB6sDQ6Y-ymYm2Iqn41kZM1wHpA3snoJ-hXnIj5-6zrQ9VvCJQOa--QAvIIlIy-ZFBxmgFBiwq5tp~FZc5j7khIUp-H28XmfoX9LQg~JzZSw__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Within the day: Short-term key resistance at 0.9140.
Pivot Point:
0.9140
Trading Strategy:
Below 0.9140, bearish, target levels at 0.9115, then 0.9100.
Alternative Strategy:
Above 0.9140, bullish, target levels at 0.9155, then 0.9170.
Technical Comment:
As long as the 0.9140 resistance level is not breached, the risk of falling below 0.9115 is high.
![87cbadef79924af09a9bdf6e991b30371428](https://production-app-asset.traderknows.com/images/95379a6b4fef43daa72559d123ee5f36.width-800.png?Expires=1724601036&Signature=rLUeCERt88qxT4uNsuJ3A-cSC92QdWmEqC4wB0DfdhKwhZYNV~jb0SuwY3DzO7~-g3L4kkg2G~tuS65SJ50E2TNCfJ5~25vI~DcmWe9YPKh9qwZKmOFCEo0FRFrnV5RkjbETtEPs5~TwsbNjtxzq7Ds46iSqoL0Mkl88w6rE3u2hQv42A44dO9INAMDXNLY5~o5qIjt5xyAQof3jZT0Uh5Z8ApnWXzmR01CG9mXNOItJ9BtAn-6Zn3eL2rTEBkZDo8vtdVWlY0HU9R1-xWV1LKegDVaXns4i1kc0zc1ovkXn1hG2NAtj1tuHc2yKcxSVTIt3DSuZHVN0miQ0~8JdBA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Germany DAX Index Futures (Eurex) (M4) Within the day: Adjustment.
Pivot Point:
18065.00
Trading Strategy:
Above 18065.00, bullish, target levels at 18300.00, then 18389.00.
Alternative Strategy:
Below 18065.00, bearish, target levels at 17965.00, then 17870.00.
Technical Comment:
The RSI indicator lacks downward momentum
![87cbadef79924af09a9bdf6e991b30371629](https://production-app-asset.traderknows.com/images/727667728983425f9844f5159d0912cf.width-800.png?Expires=1724601036&Signature=DgbcXEzB7NMBlvYgUz2TNL7F30qxga9ScwBKLWm5y6KGsk3uRny6GNcf5uJEiRoD25nDd27iCuDDtgsFbSwTCpNUtUL8md~yEtzRq~ETjXzBA~bziNP5Fi7Rh2ZsUgg6563eMTzJLo44WcOl3R0UzCzPsMQgI0EHEyX3IhrGGD1NY-BcJAD96eJocvR7hc376Ikxx7ERAv7~m~oKZz6l~bwatUN-6Rz~GKmHxsQcFcCv4HO7vLYhxV42tOOmR09qkTeVn6UBW-BTgFdlAyoUGH6MYZwM~VMSCCIfbyYCrCc5JcWnoC0KfZlpWdHaOl4AUGTsFGrwua5W1uN5T~NhCQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude (ICE) (M4) Within the day: Heading towards 90.70.
Pivot Point:
88.30
Trading Strategy:
Above 88.30, bullish, target levels at 89.80, then 90.70.
Alternative Strategy:
Below 88.30, bearish, target levels at 87.80, then 87.30.
Technical Comment:
The RSI indicator shows a continuing upward trend.
![87cbadef79924af09a9bdf6e991b30371809](https://production-app-asset.traderknows.com/images/d08a5cbe315f466295ccc4a8f50af407.width-800.png?Expires=1724601036&Signature=kFY~r-2eqZ5F0I1KiiQyV0vEqu9gxyJWRMwd9aEfLGoOM9HHyj84j6QA1YU73O1S8iWxz8-9W6SHjwxWWhddY-077XF9gM02T9EU7yYNgIbl3zioh1W6z0IFEfvLn5RcUkxcQ9ONxyd8XYhMWcqnV1OPh4EsnfymC1VSqltwTQMoLdTPpnKGKC6Zbix-HAxbM9UHlHQ1veusom5KhQEKTUXF~NZhNxMHwLp28la2FqPG8K-St91me6BHD0gpxFOQwcrdrT7TvfyErzm6xLg9379qhcV1t~ysx4OZQQgMHATXW91Q~O-vO4-vb4Zr-PlO3PPZZY~GA2JWOGnTTZ8Akg__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Within the day: Bullish.
Pivot Point:
8028.00
Trading Strategy:
Above 8028.00, bullish, target levels at 8135.00, then 8190.00.
Alternative Strategy:
Below 8028.00, bearish, target levels at 7985.00, then 7944.00.
Technical Comment:
The RSI indicator is bullish with a further upward trend.
![87cbadef79924af09a9bdf6e991b30371986](https://production-app-asset.traderknows.com/images/4faf47596aec46f48c29cb912ab2324a.width-800.png?Expires=1724601036&Signature=x9TBaDj8b47RkY-d9dKi760wjo~dIZwn8po65hHd9rEAqi5IhEnWzNsKG2sZQmgI-8dI69AXhRm12QHIDjEZUkLDnEfTgnryHz5qSKJgIXZU~0JLLVd-QwrzzgPgoMMLuTJA40H87DfyAFEcfuoXFRZn-ihYGzmY2Cw31vca23cyPXkCaHfRgp3~FSvXh3GFHOhmS0XJp~c3bSNpPgcn5czs-ea4hntTeXB54UHmekCzj3hOgwW-s2PFmChIyjXAUKCQaE80drby82Z6~~3fEqmuC3pWLwLMEm75fifryDbWMYUnJdNuVxBhtyr~yTPZSwWCm8a5KH4p1j3W8IpDTA__&Key-Pair-Id=K3LHBTUA5A7KEY)