Explore today's market views from our Global Research Department at the Trading Center. Discover new trading strategies and opportunities among popular trading products.
EUR/USD, Spot Gold, GBP/USD, EUR/JPY, EUR/GBP, USD/CHF, Germany DAX Futures (Eurex), Brent Crude (ICE), UK FTSE 100 Futures
Note: Due to market volatility, prices may have crossed key levels, rendering some strategies ineffective.
GBP/USD Intraday: Under Pressure.
Pivot:
1.2790
Trading Strategy:
Bearish below 1.2790 with targets at 1.2755 and 1.2740.
Alternative Strategy:
Bullish above 1.2790 with targets at 1.2815 and 1.2835.
Technical Commentary:
As long as 1.2790 resistance holds, there is a bearish bias.
USD/CHF Intraday: Continuation of the Uptrend.
Pivot:
0.8880
Trading Strategy:
Bullish above 0.8880 with targets at 0.8920 and 0.8940.
Alternative Strategy:
Bearish below 0.8880 with targets at 0.8865 and 0.8850.
Technical Commentary:
The RSI is complex but trends upward.
EUR/USD Intraday: Short-term Key Resistance at 1.0890.
Pivot:
1.0890
Trading Strategy:
Bearish below 1.0890 with targets at 1.0870 and 1.0860.
Alternative Strategy:
Bullish above 1.0890 with targets at 1.0905 and 1.0915.
Technical Commentary:
As long as 1.0890 resistance is intact, there's a high risk of breaking below 1.0870.
Spot Gold Intraday: Targeting 2355.00.
Pivot:
2324.00
Trading Strategy:
Bullish above 2324.00 with targets at 2345.00 and 2355.00.
Alternative Strategy:
Bearish below 2324.00 with targets at 2314.00 and 2306.00.
Technical Commentary:
RSI indicators are bullish.
EUR/JPY Intraday: Bullish, with Support at 168.73.
Pivot:
168.73
Trading Strategy:
Bullish above 168.73.
Alternative Strategy:
If below 168.73, target 168.08 and 167.69.
Technical Commentary:
RSI above 50, MACD is bullish and above its signal line. Price is above the 20 and 50-day moving averages (168.84 and 168.83, respectively).
EUR/GBP Intraday: Gradually Declining, Targeting 0.8501 if 0.8524 Resists.
Pivot:
0.8524
Trading Strategy:
Gradually declining, targeting 0.8501 if 0.8524 resists.
Alternative Strategy:
If above 0.8524, target 0.8533 and 0.8538.
Technical Commentary:
RSI below 50, MACD is bearish and below its signal line. The price is below the 20-day moving average (0.8518) but above the 50-day moving average (0.8515).
Germany DAX Futures (Eurex) Intraday: Short-term Key Resistance at 18755.00.
Pivot:
18755.00
Trading Strategy:
Bearish below 18755.00 with targets at 18423.00 and 18319.00.
Alternative Strategy:
Bullish above 18755.00 with targets at 18830.00 and 18915.00.
Technical Commentary:
As long as 18755.00 resistance holds, there is a bearish bias.
Brent Crude (ICE) Intraday: Under Pressure.
Pivot:
78.05
Trading Strategy:
Bearish below 78.05 with targets at 76.80 and 76.10.
Alternative Strategy:
Bullish above 78.05 with targets at 78.75 and 79.60.
Technical Commentary:
Immediate trend remains downwards but lacks momentum.
UK FTSE 100 Futures Intraday: No Clear Trend.
Pivot:
8250.00
Trading Strategy:
Bullish above 8250.00 with targets at 8327.00 and 8356.00.
Alternative Strategy:
Bearish below 8250.00 with targets at 8222.00 and 8195.00.
Technical Commentary:
Immediate trend remains upwards but lacks momentum.
