View today's market perspectives from the Global Research Department of the Trading Center. Explore new trading methods and opportunities from popular trading products.
EUR/USD Gold Spot GBP/USD EUR/JPY EUR/GBP USD/CHF German DAX Index Futures (Eurex) Brent Crude Oil (ICE) UK FTSE 100 Index Futures
Friendly reminder: Due to market volatility, prices may have surpassed key levels, rendering strategies ineffective.
EUR/USD Intraday: Uptrend.
Pivot point:
1.0860
Trading strategy:
Above 1.0860, bullish, target price at 1.0910, then 1.0930.
Alternative strategy:
Below 1.0860, bearish, target price set at 1.0840, then 1.0820.
Technical commentary:
The RSI technical indicator shows a complex trend, tending to rise.
![ae2d9a96c0c64a3fbb252a7b59085439373](https://production-app-asset.traderknows.com/images/198df82877994f28b01ac5188d5d3db1.width-800.png?Expires=1724588233&Signature=lxUGbGNPas6mUBYd1wiz725d60AUyPRuN6hGq0t-KPh3PiN~0ww5FP6huV-FaWfATO37AcNpwPJilEJ1sd92t0-wK6c1o4pPhUveJUNLt2nIx3WkdtLEO6UNPtYlWozZSP6n8PeXqf4e81v4pxcxLQEnxmNS8RtehcFiSchsM29RLhK-lzbbioA2osKlI8-E71RULbNBr~CaKdK1F~OZ01dGJVpr5qFNtd4SlbuhYBZj5fiBD2Jled2uDiciWQIURlW8bWo-2CYoYk1hBCjTw3nryaVNLcASBfXvm4uK7cyUp0DEEYQxBiR9ubiil85YaJ5-SCZyFITvML~gy~q4nA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Gold Spot Intraday: New momentum up.
Pivot point:
2378.00
Trading strategy:
Above 2378.00, bullish, target price at 2400.00, then 2410.00.
Alternative strategy:
Below 2378.00, bearish, target price set at 2365.00, then 2354.00.
Technical commentary:
The RSI technical indicator shows a complex trend, tending to rise.
![ae2d9a96c0c64a3fbb252a7b59085439556](https://production-app-asset.traderknows.com/images/82fb33a818ef4612976ceb69756af338.width-800.png?Expires=1724588233&Signature=bH8bHLoIztjCisbZ0qLN14pLWemL01Ay~2-8Fm4zF68CChNRsWETpZ2KU9UJd3Z~HKVB0y4Po9Y3xH1qyVSM6SHAnsra9j2KefWa2X4XUvcF4Fa~UydxTtyKcqjPzNDjYfIEUy7TfRePgyTHFM2POaam~dr9nneN6e0gkArYmeD-JPovrrMM1YWU4-~oV2bh0EotLCKpf4mZaDaHw97MZ7mOZ0VcjKen3FwINM3zJRfSN8pfDCJipEQ3Hbh0ycwVc0ui136s2Mvr8KMey4MvxwEVwAN7xFkqhx7YejxW~lRKDfwfAYVK8i~VmYdMile75K0LsF3oeN2ZgFF-BN3bLg__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Intraday: Uptrend.
Pivot point:
1.2650
Trading strategy:
Above 1.2650, bullish, target price at 1.2710, then 1.2735.
Alternative strategy:
Below 1.2650, bearish, target price set at 1.2630, then 1.2610.
Technical commentary:
The RSI technical indicator shows a complex trend, tending to rise.
![ae2d9a96c0c64a3fbb252a7b59085439725](https://production-app-asset.traderknows.com/images/6a8038b8362946f5989b022b16d019c6.width-800.png?Expires=1724588233&Signature=jNhXg1fFYxI4glhnqLcl~FsaudmrC2WcvF3KUrRNxH0nJivr3ySq7iWjWKRpCXjvDVOb99og0mVe56prhCeT7igdPm22uYgvP3Dkkv4rdZGESIa5iPooalMAyOPGddYAfKRDa~BKL2N2Aqvvu4ETZgYYu2RLEXpDPT0mrZOcW7ofuWvy6J8OvY9wcxXckRqMAeNJsuQD0HfgN67OW26fZdnkKUijnb5v4z8rxjQHzraB8oXLeq73dxBNscptpqp1zrj3c6C1~IhyWldrf7o4gzpaa5NKLBhBsvqfUwPn~5dcmO0zmObDVjUM1bdNlN~BoPyK~rDsFO0TAAzBv9g-BA__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Intraday: Bearish below 168.19.
168.19 as the pivot point.
Trading strategy:
Bearish below 168.19.
Alternative strategy:
If it breaks above 168.19, EUR/JPY targets direction at 168.83 and 169.22.
Technical commentary:
The RSI technical indicator is below the neutral area of 50. The MACD technical indicator is below its signal line. Additionally, the price is below its 20-day and 50-day moving averages (located at 168 and 168.42, respectively).
![ae2d9a96c0c64a3fbb252a7b59085439951](https://production-app-asset.traderknows.com/images/bae7fcf9b4194d6fbe305407cab75b1d.width-800.png?Expires=1724588233&Signature=n9MyHNDVeebf20TwOof5MQc6XGL9131ZRhITLuCB94gmMHktembPK2qy557t9gQCY7CmKJh2eHZMk--Js~Q79rQBYSLqSD6RRkRa0LpYYRWJQ~Z-tZsO0jz36SmL440AZIpSO1rWv2lVH5n6Lc~QRLaKUpufLYvY4oDgjmtgX7W6D8m0E4lUmt6SzZI2L~iv4ppwenLLcUBWjavydNJRt1VOOjsHbTlRVTgvXbCeuvn9x9f696mx05-8Cmqr40yptlnp5mPV3DhyRhwdUsoQCfmbW91-8ab32sYRQpxKLqhRlqmRS1M9MKSVcFqUEjjdNxAQTVCdnfaWO-7CA9em~g__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Intraday: Potential for upside, target price set at 0.8600.
Pivot point set at:
0.8569
Trading strategy:
Potential for upside, target price set at 0.8600.
Alternative strategy:
If it falls below 0.8569, EUR/GBP targets direction at 0.8557 and 0.8550.
Technical commentary:
The RSI technical indicator is below the neutral area of 50. The MACD technical indicator is above its signal line. Additionally, the price is below its 20-day and 50-day moving averages (located at 0.8579 and 0.8583, respectively).
![ae2d9a96c0c64a3fbb252a7b590854391196](https://production-app-asset.traderknows.com/images/156c621980d94f1696039760b9ba4afb.width-800.png?Expires=1724588233&Signature=PadSwm~biK8HNlW24iYzLkxu~yDpXIFlnpAWs5AITmQdv~PKSrUPlUeLpRYYJjodlmx7LkTxWAOMYMDPJByksAg-4JTmOSpN8iT6jptvAq28n8w~IlksGRmZhu~lZs-YxQaT4unR4uVbrwvuwlffEAl5QWoy583DZgdwLZtXPP3lOGlyni-frxDj-1ixydXzOs9tu43aROz8qwqYAkRDwQivBYKtJQb3lzIeD8DCIsDxG5EPMlcxADpvbeI-da2pVe7mpk4Qeg9bVF56rT-JjSlTEa5flwC5g-~rTifdGWNBAIJUo-cJYNyXSSVdn4MKt92VTfUzY-3vlZuMDdq6rQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Intraday: Under pressure.
Pivot point:
0.9030
Trading strategy:
Below 0.9030, bearish, target price at 0.8985, then 0.8970.
Alternative strategy:
Above 0.9030, bullish, target price set at 0.9050, then 0.9070.
Technical commentary:
As long as the 0.9030 resistance level is not breached, the risk of a downward break below 0.8985 is high.
![ae2d9a96c0c64a3fbb252a7b590854391381](https://production-app-asset.traderknows.com/images/efd780b4d8af456486a76defda3f7606.width-800.png?Expires=1724588233&Signature=Wz5p2ghaPovUS2PcawgLRiVkrife0ty~0jqHHX-fyOskeNPfX0mwKUy4jVcqhcU2OdBeREilLNcfmmJ43RUF48ErbEWie-n2PvmqsxHe7b~rqscJyhmcb75uxH5mOPPQMbg93IYlDwH5dLeDlIY0MmThx2oUNQ1EMo46d-IRe33STapqBr5YZ0gq8e2TovU35F59GXMytn2lbJlH~nS9ejWxM1NNapn5WYNxKQ9E4SUuBY3EY4oR0skr6Q-NSYbg4vZ05sAVBp4GVbrIM0uKgtNz2iht4RHOUjfyRcZBjJdtuYm5~bjY3c9QdDscjn-Pszwci5F9EZA4Ie7jn9oHBw__&Key-Pair-Id=K3LHBTUA5A7KEY)
German DAX Index Futures (Eurex) (M4) Intraday: Bullish above 18930.00.
Pivot point:
18930.00
Trading strategy:
Above 18930.00, bullish, target price at 19045.00, then 19090.00.
Alternative strategy:
Below 18930.00, bearish, target price set at 18860.00, then 18798.00.
Technical commentary:
The RSI technical indicator shows a complex trend, tending to rise.
![ae2d9a96c0c64a3fbb252a7b590854391600](https://production-app-asset.traderknows.com/images/44ffeabcda3a4b21917a71c44020d6e5.width-800.png?Expires=1724588233&Signature=bjIQPHs3Y0Q7-rqHO6V1pqynLlsE57MBfn1WVFW-gWj-M0OmYLPf~phAsHbBL~QZlI3AIcAT~JZf3sjzqlF-a7Ul0H7e6vBsGiEJu4KwiDM8o6qYb6c0ykhlPa9j6j65FtSr0PEE~gmdfOKkcL8OC7cp2EdMHT3N~8qz-tvHNKZeVp~knn5OKGo-IAo8wiKZaW3phVIdqw6W7PrT52bBhfqxy8MO8G~9H6~ioFlezdnNdk4u6HpvB2QlxD8DctMV4xnY9N3bpOoDQZOJd95hZag5YucNPdzvoEgdgLT9eMmjjtxN1Sl6fIY8FJkF7GgXyL17QviSRxwFrLuHWKgZEQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude Oil (ICE) (N4) Intraday: Targeting 83.85.
Pivot point:
82.50
Trading strategy:
Above 82.50, bullish, target price at 83.50, then 83.85.
Alternative strategy:
Below 82.50, bearish, target price set at 82.10, then 81.60.
Technical commentary:
The RSI technical indicator is bullish, with further upside potential.
![ae2d9a96c0c64a3fbb252a7b590854391782](https://production-app-asset.traderknows.com/images/bd0d48105d4548bfa9b984de335b89ad.width-800.png?Expires=1724588233&Signature=mRwCLX8BpYHunyHtQLFO71xYH77U7HALfPK3z8o5DuRJdEBrXD-7KwcIBzfIUsxfIHr67uZO~ZjU-uNSuO-W4X88mJX3ODAAyN9wtF5HyZWnvJrTCfTC5uw2oKumQyNuSGWcHhhgTTa2ETPsWMboDjFhf4r5IsgleuDyXVbrsdbv~YgP8LciZu5sYtXnv-Qm01pBy6pbRGXAky08XvuizZyGFn1vyyqgjy7pfPQHehhNCUsz8Kay3uJTQlZTqNhCTsxAOVE40LxvUt2xHlRZvBt3ZOYk0o094trGyNYTrH~ohrn1UXUP7PrJ-sTARW-JdKPrgwh3Di6Z0CLFOH5-vg__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Intraday: Immediate short-term support around 8455.00.
Pivot point:
8455.00
Trading strategy:
Above 8455.00, bullish, target price at 8490.00, then 8504.00.
Alternative strategy:
Below 8455.00, bearish, target price set at 8440.00, then 8411.00.
Technical commentary:
The RSI technical indicator shows a complex trend, tending to rise.
![ae2d9a96c0c64a3fbb252a7b590854391982](https://production-app-asset.traderknows.com/images/b5acc2ecc27c44b1a0f0612af307ac7c.width-800.png?Expires=1724588233&Signature=BTbea34dbM7A8N1ftLuiUHF6HT8qK~Zyhbyt0FU54F1saFxLdTWEVC6Sf-E1hvxVuWvodJ1rvzm5RbrVCo-YCB1DfXf9CtMmFvOSBwPDXfV-Wpg~drJWoUpckuLWIwCb08xl1WvPYATOsdQ0DSfl9ax4DRK93Zjs52kstFBE33mci4y9n927TVQX0g55vBctlhP~f3mX2gkzu2qu8kM1wiRtLi4fvC9v06~E0MLPOOJIs~kq8LZPH01UTPJyqQZXo24VgGP0L8ep8dps6B8a3ywO7ZxD6D0JX5H4BzS41OkwuOrTG4Hq~QVGOmTCAOe5FgoVeLHgg18lBduJIs7WMA__&Key-Pair-Id=K3LHBTUA5A7KEY)