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 GBP/USD Spot Gold EUR/JPY EUR/GBP USD/CHF Germany DAX Index Futures (Eurex) Brent Crude (ICE) UK FTSE 100 Index Futures
Kindly note: Due to market fluctuations, prices may have moved past key points, rendering strategies ineffective.
Spot Gold Throughout the day: Bullish above 2236.00.
Pivot point:
2236.00
Trading strategy:
Bullish above 2236.00, with target prices at 2265.00, followed by 2275.00.
Alternative strategy:
Bearish below 2236.00, with target prices at 2228.00, then 2219.00.
Technical comments:
RSI indicator signals bullishness.
![553dddc0-c710-4d47-9b28-e2c7287c49ff](https://production-app-asset.traderknows.com/images/8ca32fcfc7cf4327a217f7ffb6e0443b.width-800.jpg?Expires=1724618438&Signature=DBOtT9WQ~ZPoV-I4jel4vqbArpcx3QVTKWO3iWYvFEIFDoF3dcij~LyI0wLM9PCNfjZJPsJ1vCzb7dmr9AwDJNAtRE1OmR65in2eXx-cCJEXrgh~3BvBRPQ1~bNjfVs6RJcuzAcRNCc1Pq0yivn6AcXUH5kWM0KLjL7OyMCs6jcDbAIQAerqbK2PocsmHHc0BHTK8jhubb-tEqkjYEcBlxKjL1IZGYyHXZ5A42MBQd96cJWhmUsmifWteR-XBJGnsPybEMf3TZSQzxIFk4UnFzKrlaii8wOoNg7YhWcznWy-TfiBzqO80I5kvSzs5MFw37jsvvqWh7Ahw8m7-6udfg__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Throughout the day: Immediate resistance at 1.2575.
Pivot point:
1.2575
Trading strategy:
Bearish below 1.2575, with target prices at 1.2525, then 1.2500.
Alternative strategy:
Bullish above 1.2575, with target prices at 1.2600, followed by 1.2625.
Technical comments:
As long as the resistance of 1.2575 is not breached, there's a high chance of breaking below 1.2525.
![img_v3_029i_efc22e23-cb28-431c-8b48-166f5f7cb1eg](https://production-app-asset.traderknows.com/images/108c533d42174f03bec6824a0b5b8840.width-800.jpg?Expires=1724618438&Signature=BbzN3YhPAPU93Vwriv6gQ6btULwn5UU9mi64HIiRsvZ~-JUSPpov~JkzJTatRH2futdImAM98LzEiVEWuzs9oGn38qpHgAtt59OQ5MrZRDQYs2n6GCDO018CIWvhtkaRzCMy5bcVeQDwGlN40fjVQhTNe97-SA5~9pgIUn0khj85Vq3t2kJgu2flsEvMuxd8WYflvBK9lZgvrEvhmTHkicwb~SmQGnt4LJAx8n89jGkzDl7O-ucON1tajADlZha-~tGfrp1Gzq4idJjWCPOGeHwWCATu1X3uZiZlYldHunVRvmcDY5LEI7sIIiF11a~Et3~ZgqUgiEJ7gc5tk4jpgQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/USD Throughout the day: Under pressure.
Pivot point:
1.0760
Trading strategy:
Bearish below 1.0760, with target prices at 1.0720, then 1.0700.
Alternative strategy:
Bullish above 1.0760, with target prices at 1.0785, followed by 1.0805.
Technical comments:
The RSI indicator's trend is complex, leaning towards a decline.
![99f60467-ebbf-43e2-85ec-714f5a292fda](https://production-app-asset.traderknows.com/images/59e235212dbb49dfb78a342d5345b42c.width-800.jpg?Expires=1724618438&Signature=tGA~nbcLISIQx~inh5zELWBvxD-lYF5YLWbD8mGvexuJSZ1riczHex5nAj5VjH7HGM2JdjB6BwRQlJtKL5KWRGzBvNe1nMvsmlmnP80LAVHe8Fa2cxuEFlbIvsKPuerkMjAe1r3QoFPpSBNJdwdvWXKjHgZ7XA0bdNkyCgxq8KyA0HQS4fcweG9cmBiz2pXbL7owCbgqDFsgiQFv44w6Jk14837~Nm5ybHhDy9~zKFW48P07AomP0eJerrtNfwn9P5EWbcUXlT5YAuvEsWcEnIyMZik8RbP1-p4qhdNFhFRKD6H27hCT8GgWnQjMesaKbiKN6N0RZijJRttekiy-UA__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Throughout the day: Potential for a rise, with targets at 163.65.
The pivot point is:
162.45
Trading strategy:
Potential for a rise, with targets at 163.65.
Alternative strategy:
If it falls below 162.45, EUR/JPY target directions are set at 162 and 161.73.
Technical comments :
The RSI indicator is below 50. MACD indicator is bearish and above its signal line. Moreover, prices are below their 20-day and 50-day moving averages (situated at 162.85 and 163.03, respectively).
![58616df0-35b9-48a1-9da5-65ed958d9e7c](https://production-app-asset.traderknows.com/images/ebc8dbccab054259b23bd8b49db73de2.width-800.jpg?Expires=1724618438&Signature=L~vZoBGjyuTW9P6y68Xb~HwfMeSAXodYJttX5ehXWuqJqriDJGPCiNVkOFtlTECuIn9sQs9aU8ludRG8HvBeCis6N7TrWjU4VqP~kLJb2qmIuNDBlprovlXpBR5mCu-K856DYLz~ZhzBX02dwWkZefmOPyVdyyTfm0rMjr5khnFh1VRfDTCjryWgH0x4Tw1yZDS-Mpa9QtWwevFJ2TFnO7Zu8c6LB-zpDRAH3MX7~Hus755Y~sCyeHOn8Chw1yaLw79QjVEw9GbKS1VJ4qWfyo4uYcovzh7WmQliSgY5ygkZoenKnNfUtr3OMkA~mGPGFybSHQ0dpw~95xrpf-ooGA__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Throughout the day: Gradual decline, if 0.8565 hinders upward movement, then aim for 0.8536.
0.8565 as the pivot point.
Trading strategy:
Gradual decline, if 0.8565 hinders upward movement, then target 0.8536.
Alternative strategy:
Breaking above 0.8565 will bring a continuing upward trend, with targets at 0.8575 and 0.8582.
Technical comments :
The RSI indicator is below the neutral zone 50. MACD is bullish and below its signal line. Besides, the price is below its 20-day moving average (0.8558) but above its 50-day moving average (0.8552).
![26e80e5f-282c-4413-bd04-751821cf334f](https://production-app-asset.traderknows.com/images/2c00e1bd165a44e38d3fcc4ec10c742c.width-800.jpg?Expires=1724618438&Signature=TgCAaiYUUPyxOsnP0DbB6uFHJysVgNTr3QbTa0EXbv5dm~kT04jJPnvXWuAxVePg5xQnOl1kdEKP2jxVG92feznUmwKhGEP23NQk8pXsVvCfEO2F-ukkIaIPuo65M2uz1pfZkxJlqn5zmYvlTQK0QU2pNbi9-opEQyfVsLRpJFIiSO9aGJZS37bmjBugVVmqhym8kWAV5gfb3aLF0pw3Zuy4l1b-m2AgoSZIUC-~atvZfj0SY0YhtidO7YUc4rj6qA0fidozzLOD4Q5GDVH0LlYaOKyFrqWnveSfcgK8nf-2rnksu5nJutqceZdzErrPAN~W8ykU1ghPbnmu0ahdhg__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Throughout the day: Further uptrend.
Pivot point:
0.9035
Trading strategy:
Bullish above 0.9035, with target prices at 0.9080, then 0.9095.
Alternative strategy:
Bearish below 0.9035, with target prices at 0.9015, then 0.9000.
Technical comments:
RSI indicator is bullish, indicating a potential for further uptrend.
![bf82b279-73ee-4c2c-b5e4-457fa06b1c60](https://production-app-asset.traderknows.com/images/df19f3f84b1e4d8ba6979a38204e5a29.width-800.jpg?Expires=1724618438&Signature=cL2LhrJ5d7MhoabjIl0IOO~64o7nSGModgsq~OjXSXrfAy2ezAs6XFlsSXj7gH74VpwkACrMNxc2jQ0nrg3IQmeFK1YpuxD7ILfaTeIVLIy7puxJsZLAAGy4S5PMnQBjIYRynuWmScM~aywkR-qFv~W8dVjarx78bKNpxH~Y5tfqN00hfJ8evZYtsIVnrXT3UdhSK~P3ohVfbSPO-8GffgVnarNgLmnNFnARUk8YyT-2nz9srhnC8uBz8aIG~BUH36JDR71qwnAz3Q6JF6Qlu-zJNvw5K9GGVqD~poDpSORRZVtAGZ1ivO-lFSWnh1JnUvupGEB9lvBw009pzHWnTw__&Key-Pair-Id=K3LHBTUA5A7KEY)
Germany DAX Index Futures (Eurex) (M4) Throughout the day: Bullish above 18725.00.
Pivot point:
18725.00
Trading strategy:
Bullish above 18725.00, with target prices at 18820.00, then 18866.00.
Alternative strategy:
Bearish below 18725.00, with target prices at 18660.00, then 18605.00.
Technical comments:
RSI indicator shows a complex trend, leaning towards an uptrend.
![2f6b55ba-62bf-419b-93c1-090ee51f3e06](https://production-app-asset.traderknows.com/images/e71f9fb92da14449a57e4d538cd646c1.width-800.jpg?Expires=1724618438&Signature=VZx2P1vr9HSQ57pmXsQnog8B80On3sSug-PlnjprmbzTs3y3E1ce-TJp4PvHBVwq01p7l-BoHQu8uCIWdL3mbUWlDQUcq82FhsEc-WBflHK3TF-CGQmtPcCPKVhOD66npyr3UKa24NrHeIt~iyXltdytFDo0uU7-qybNDxZti75cXuHDvKkl--bzl45odjMpWTmHlRRrnjTX~wzBdDZd5bEHQSMajm2iEtYrfowCy-eiF5oooNfZ8XU6wK6lEyD-BoRzo0fc5SdabJChGP-TAyusRi-g~FKfrihItQSfnM8ey7BzIsPYvU6IRHGsekdL7XWNaqIj3FyBeiLqJxWJiA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude (ICE) (M4) Throughout the day: Heading towards 89.00.
Pivot point:
87.00
Trading strategy:
Bullish above 87.00, with target prices at 88.30, then 89.00.
Alternative strategy:
Bearish below 87.00, with target prices at 86.50, then 86.00.
Technical comments:
RSI indicator displays a further uptrend.
![1e5e704f-76e0-4ba6-9fe7-b1a3c12e697c](https://production-app-asset.traderknows.com/images/26918efbbcc24e988f0f58b714586197.width-800.jpg?Expires=1724618438&Signature=O4KzVO39Xpyj70ARuEJmr16XPADQqVw1XcU0nA~cv8mNFXUbmeiyyGMc0Cm6BGpB4lLjCtAniWPoe-r~ame3I0F4Uraxs89gfScK3oIWe4RshntQ-c3YHBFvSuun0srJbKpwEb-7RQlTnVKY9vt~DAr6ZmThpVRThbdzTAImOHysrc45Oxe5RJiayfgP2dCAgDOr6awoDTn8fx44mIPifS~zX6zBl18xQ9azV6b3Lu4TzHyoUTGj9KzDzOSP-qrjafxvkSnVynJwPkxDXOi2-RM4f~DJIp4kGDykLZAYUBGaMYfY~saROon0konAXEHcPNjIcb1zBqzJa-eafBHvww__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Throughout the day: Bullish above 7973.00.
Pivot point:
7973.00
Trading strategy:
Bullish above 7973.00, with target prices at 8005.00, then 8019.00.
Alternative strategy:
Bearish below 7973.00, with target prices at 7958.00, then 7945.00.
Technical comments:
RSI indicator points to a new upward trend.
![099ccbe2-8e75-4ce6-b995-2ff661e4f8aa](https://production-app-asset.traderknows.com/images/e0cf3bbe32ff4cb6ab367c450c2a53ba.width-800.jpg?Expires=1724618438&Signature=kLlbtqkgQniUJIHpiRcydL4jFdkjm77fVprGejPnqUjlnvfGQImCkKVEwg7AuvKHYTbXExAXlc~Br3Z5tVFqZdKazskl5Lv8vlv9zVV0H4B0yu4jZ8Un2E82akK2ODoWcwfFdFE~opM8jD0Lfi148TzggMrpVXd4s4oa4dif2Zh66WctW7lZ7GYZ2Wr8kHpa4awV8EnCGDsD89Z1t-krFlP6VS6lqcziZane32dxe78YFdlnTrIPtUM0oNzKF6f4GNfQRCtO0sUz8J6rPmMvRjsjV1WpR1yEFLMzXCeriYXV3LjoMqP4pd7Chy7Mc103RSlAGuMkPXuTmicdSnDScA__&Key-Pair-Id=K3LHBTUA5A7KEY)