Explore new trading methods and opportunities from popular trading products in today's market view from the Global Research Department at the trading center.
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
Note: Due to market fluctuations, prices may have moved past key levels, rendering strategies ineffective.
EUR/USD Intraday: Uptrend.
Pivot Point:
1.0690
Trading Strategy:
Bullish above 1.0690 with targets at 1.0730 followed by 1.0745.
Alternative Strategy:
Bearish below 1.0690 with targets at 1.0680 followed by 1.0665.
Technical Comment:
RSI is heading upwards.
![c7875c73baf14eaaa383ef235f9087e7364](https://production-app-asset.traderknows.com/images/14d50957dfbf48a8af6096d9fb60b87e.width-800.png?Expires=1724652269&Signature=pn8iEn1HGthnlFzEBz6aUYMMc199JwYtLlZOKP-EMsZ1wk0bn80MwnuqoeJOOiqnUQ~sowlhqHHYZGopUj~g3Wqrgkywa4EuhQTCimFRdDzohaWbIOY6j0zO55NvGLcjzrkoggsMVyziZBmE5gp0qAvXHXslGCB0ycF-beVqxnTLR6Z0L002UZUu0LXWaDwYKvalpE~ZPcUHCK79Odeb-nx6agbc-xLmU5ofvqjOpJHi2XyfNpMl0bMCHDNy9YUKTK2ybwoeApPLfpySZugduM5SZ1Xuwl~UqIaueSHbJ5qBoASM~KDH9qoVwOUeS79fQNdhVRoTqRGEPGeL1SZRFA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Spot Gold Intraday: Short-term key resistance at 2322.00.
Pivot Point:
2322.00
Trading Strategy:
Bearish below 2322.00 with targets at 2300.00 followed by 2291.00.
Alternative Strategy:
Bullish above 2322.00 with targets at 2330.00 followed by 2337.00.
Technical Comment:
As long as the resistance at 2322.00 holds, the price fluctuation trend is bearish.
![c7875c73baf14eaaa383ef235f9087e7564](https://production-app-asset.traderknows.com/images/3522d94dfe174c999448d6f4fa8bdf50.width-800.png?Expires=1724652269&Signature=PPmovN9sjDp~WTQRGvjkcZdD~kWx~taVAIc7PpDq2Mr0Q-9RuKujcOVPETQ0P1HcqEV5DCBr~ZPFGzqJ6jJ6CKAkDpv7WXIVfZtABnyQWqhqs9abDWxUGNulK-EuCZ-Dk0HTD6vMmkI5OpISjKyP~AWUYUQw8c32Ml3iBB8B8F4gHltsC-EmqZl~hfCq72gmw~7-F299Ysdt-VsNlXVN2w~NnnaNa2bmy-sgMO2WZKH-twlMeF-alACgcD-2AEwfxUrJWembC79gjfLcw3w8KCbBlL4Bp8cQr0a5Ms1m6bcDCoPW2dRE~JJvStnbPC3vy9940DZnmdMtXgDoqI8X1w__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Intraday: Bullish.
Pivot Point:
1.2440
Trading Strategy:
Bullish above 1.2440 with targets at 1.2480 followed by 1.2510.
Alternative Strategy:
Bearish below 1.2440 with targets at 1.2420 followed by 1.2390.
Technical Comment:
The RSI indicator shows a complex trend leaning towards an uptrend.
![c7875c73baf14eaaa383ef235f9087e7736](https://production-app-asset.traderknows.com/images/21afc106c7e74927b88e1f5c2330aebb.width-800.png?Expires=1724652269&Signature=w~QgCAF9HgL0VvENpIcTDw-V0zQWi7Vtx23otWqh6i9xGELuC9Ps6Z-SLHQ9CBybUK8eZ2VRfPVMeNFbygwPVaTrCHLsvaYGdNo2Tl28sF9uvpsFX6gXQCZX-X-TJ1~gRGY4LQV8fuL4z5HMRlYhCx9PGHQpWdRcGfEgFZbrRJFURc9mfjKiE~f61BQBKfCn5iKSDPKDEcDuHL08XuDcUzaBCj3fdAXgqkmpbeZ0oY18aE836nycYgilrJ5ODvOhl--SaWDxBdIo6bA1OilgBhicdLhaBZguZm4YI0WwnjTa75Sc11VqYhDMBDPGgjSb2~ANuqkQa3E5c08w9uAL6w__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Intraday: Bullish with 166.11 as support.
Pivot Set At:
166.11
Trading Strategy:
Bullish with 166.11 as support.
Alternative Strategy:
A break below 166.11 would indicate a continuing bearish trend, with targets at 165.69 followed by 165.44.
Technical Comment :
The RSI above 70 could indicate a sustained upward trend or an overbought condition needing technical adjustment. We can determine the presence of a technical divergence by comparing the trend between the RSI and price levels. The MACD indicator is bullish and above its signal line. Additionally, the price is above its 20-day and 50-day moving averages (currently at 166.21 and 165.90, respectively).
![c7875c73baf14eaaa383ef235f9087e71061](https://production-app-asset.traderknows.com/images/abe3d56c4fe24970b887f721a2ca8064.width-800.png?Expires=1724652269&Signature=GhKjq~S6hIrP7bcroDO4IFd-qXVFJQKFes187nA0Tmhn7WCUaD4cIKSEV7skZvuNFiELA1HJvR7R6dP4ssIIjIUzBvTUl3dDu~GW5mfnpeTXP6MnUMqknz0pSNP12VX9WSkKqkK6JmIRzaa7K3-aZhBHQqOZrHuw3QaNTk6vQ3ypPl1AHTeL0f8yzmI8INIAyb0AtNmgDVyl6LifbFHmi01bXixhv8908Pl16Mz45KKDOhanMM-tHjRY592vLiJhOmmlDNDyj1uvNvpOsI6L8RjhPVJqfznTKh8suQZjKghturiVWF27OEvxU-0HP9dSG3-P-RUHwVB5snUOeHxksg__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Intraday: Bullish.
Pivot point at 0.8582.
Trading Strategy:
Bullish.
Alternative Strategy:
If it falls below 0.8582, the target direction for EUR/GBP is at 0.8571 and then 0.8564.
Technical Comment :
The RSI indicator exceeds 50. The MACD indicator shows a bearish trend and is above its signal line. Additionally, the price is below its 50-day moving average (0.8591) but above its 20-day moving average (0.8587).
![c7875c73baf14eaaa383ef235f9087e71273](https://production-app-asset.traderknows.com/images/0cb11d7402424236a8252efbddb8d175.width-800.png?Expires=1724652269&Signature=yL4wTFaZXWOO6vi-kadKkZ8mGzPPcKjLNakLBBhSh0Gvr9h6KHtSm7H8xhMFC-MVV55grjKaJ9zplvvh4Tk6l7G-PZDFefAQo~hjS9~N03E2Xuo85CB~oQKrZmZH0KGNXwEpkonWqYJncGZfspsBYn61L-EcaKpMMBtv0fsXsZ9PM0-3b1df-9im9p-InLlzKRnEMhEeqkHY19qLmNCzGXfQsQJYlW5j302vsG1kZcmU5HZlXc2rSMmFy3LLexQ-FC-Y9vsPxiHDYANyFrzJ2sQ1X-~k0KW~nSSruShhQEQyq3lLlxBL~w3F3jFuSrCy5zd-E8VQNkXHzBK9bxE1aA__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Intraday: Bullish above 0.9130.
Pivot Point:
0.9130
Trading Strategy:
Bullish above 0.9130 with targets at 0.9160 followed by 0.9175.
Alternative Strategy:
Bearish below 0.9130 with targets at 0.9120 followed by 0.9105.
Technical Comment:
The RSI lacks downward momentum
![c7875c73baf14eaaa383ef235f9087e71448](https://production-app-asset.traderknows.com/images/081e92304c6943c4bb7b3b90c36de620.width-800.png?Expires=1724652269&Signature=QVOrGnbB~Mflc7htox~a~lz5KWYiQZ5kb~2oPhvLZMjKqPCHdGMEL9EGiylQ3sAZLoPJ~lZnWvrjRzbQwjrAGc2aX~alsEVPez7SyTe6LqjEmq5eJG2nxzczzf5CQLhFDmyUnfkHo~cs8VFfO39ejY~zozN5iJtzg4sdl8h1-94JoHI4PGwkDN8Rq8yJnHbtsJbLJxM1yX4n2ekam6eJz8wVZcWTE1GbJZZx~kXUDGCLtEkK4RbOIIWVpr7uTqgqUqXSpWFwNsmAiV0AtgO~YEc6ZFc09nZHDR1WM28~tolVHcHtSbzLX2geZxZ-Dmpndo4kRuArGLyGMHWVODfsxw__&Key-Pair-Id=K3LHBTUA5A7KEY)
Germany DAX Index Futures (Eurex) (M4) Intraday: Uptrend.
Pivot Point:
18279.00
Trading Strategy:
Bullish above 18279.00 with targets at 18478.00 followed by 18570.00.
Alternative Strategy:
Bearish below 18279.00 with targets at 18180.00 followed by 18115.00.
Technical Comment:
Investors should operate cautiously as these support or resistance levels may trigger profit-taking.
![c7875c73baf14eaaa383ef235f9087e71663](https://production-app-asset.traderknows.com/images/72db32d101e1446e9ae7b7fe9ff91e22.width-800.png?Expires=1724652269&Signature=yqDk3rSoIZXwn-J-d0tU5edUlrf1EaYvFrUJm2TddQcYpI4Gn76unCXJKP3YL-K4ILdB~siGTBQXlnVsHsamxIlolPW5DTixnBFPS8D7qVU7fZb2-o5iy8boHE8UCk2bqAHe0GQOmq1YLTNUeUb0zlYsA0ek7vHd2iuIr8flrPcyVurk5YxLCWKfvdJ71iB-n-53fPIJ8jIKQNbLibh8iDYFadsj6aExS-4eKrTAGz6NC4RETNX1k2l5cNuXMUO1aR5yMdnCFNdPpsNPj1a5kGOrLs-VnG1D6x66FvCPBMp5MRLbhgPvlBMpYf0SFAHsRqlRJFlaC8AjUbYRGMFFWw__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude (ICE) (M4) Intraday: Bullish.
Pivot Point:
87.60
Trading Strategy:
Bullish above 87.60 with targets at 88.40 followed by 88.85.
Alternative Strategy:
Bearish below 87.60 with targets at 87.10 followed by 86.60.
Technical Comment:
Even though we cannot exclude the possibility of ongoing adjustments, they are likely to be short-lived.
![c7875c73baf14eaaa383ef235f9087e71854](https://production-app-asset.traderknows.com/images/f8e22de6122e42d68ca3f678780991e6.width-800.png?Expires=1724652269&Signature=rJQBVtn7RcrwHU1iUz6OVRQvf6JjY12a8VTG1ptvhsgEnGHH81FJr34jo1GEQRZOBQGakFJR5WGwkOorFYjdbnbxVFoS7nXduEggdWaJWlLBwgV-LKmkxMPEsJTTHctjQy8xcEiULLC-WYYkP7NX1JCGp~O6Bi5YRd0lG8rJDx2t1oxyiFU0JoJldgjSAQgGPY49EkOwmfEDiJE2SXFka0TKd-hLDdJnhAtpTi~OMl4iV7ZHpqpUQDhgBbGVU8AMQL9FlGU51ROfF8yjVTGW-HQCCsVP3He8pqfGDcK0mI0mup9Gwof4t0ncOixQIieM53hYIFUqD1gfpojBC7IjVA__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Intraday: Ultra-short-term (intraday) support around 8028.00.
Pivot Point:
8028.00
Trading Strategy:
Bullish above 8028.00 with targets at 8135.00 followed by 8205.00.
Alternative Strategy:
Bearish below 8028.00 with targets at 7985.00 followed by 7944.00.
Technical Comment:
The RSI indicator shows a complex trend leaning towards an uptrend.
![c7875c73baf14eaaa383ef235f9087e72052](https://production-app-asset.traderknows.com/images/d9140514997340219ddb3f97cb912ecc.width-800.png?Expires=1724652269&Signature=0sEKCRd72f3YO9ViC49eNo1smid01epS92ienw8wlXFnFK2WQwnpz1yRWWu6IJrZPRmenGWLr2mA9m2PlII9Cdr5lYeopTWBs9Nv-2oqXOZoIgasWn0mCMy72N2gMKclpyLlKNFReW28xKaC~iDJff977tyJrAlpYiGSSr93NzgFm4PEXRHQGl545bgk1KPz32IK83~PxQfK6fFYmY~qyJDQT5URPGihPrDZBbX0Eb05uYfMeBjNtIGcYXUddP473NzHeFdYAlvYd4ULb6eNwelj-C6NCmAivpeSEdzc2Ash3xg74ICpBgf279tlHpAWJ9iFQ1q-PyCQ7BVBso4SBw__&Key-Pair-Id=K3LHBTUA5A7KEY)