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.
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.
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.
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).
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).
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.
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.
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.
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.
