Logo

FxPro: Daily Technical Analysis for May 28, 2024, Before the European Market Opens

FxPro
FxPro
05-28

FxPro PuHui: Daily Technical Analysis Before the European Market Opens on May 28, 2024

Check the market views of the global research department at the trading center today. Explore new trading methods and opportunities among popular trading products.

EUR/USD    Gold    GBP/USD    EUR/JPY    EUR/GBP    USD/CHF    German DAX Futures (Eurex)    Brent Crude Oil (ICE)    UK FTSE 100 Futures  

Friendly reminder: Due to market volatility, prices may have crossed key points, rendering strategies ineffective.

EUR/USD Intraday: Further upward movement.

Pivot point:

1.0855

Trading strategy:

Above 1.0855, bullish, target price at 1.0885, then 1.0900.

Alternative strategy:

Below 1.0855, bearish, target price set at 1.0840, then 1.0825.

Technical comment:

Above 1.0855 is a bullish signal, with an upward target of 1.0885.

3916e7f362304d708c59dbb4b40c4e1f386

Gold Intraday: Bullish above 2338.00.

Pivot point:

2338.00

Trading strategy:

Above 2338.00, bullish, target price at 2358.00, then 2370.00.

Alternative strategy:

Below 2338.00, bearish, target price set at 2332.00, then 2325.00.

Technical comment:

Even though we cannot rule out the possibility of continued adjustments, their duration should be limited.

3916e7f362304d708c59dbb4b40c4e1f586

GBP/USD Intraday: Bullish above 1.2755.

Pivot point:

1.2755

Trading strategy:

Above 1.2755, bullish, target price at 1.2800, then 1.2815.

Alternative strategy:

Below 1.2755, bearish, target price set at 1.2730, then 1.2710.

Technical comment:

Above 1.2755 is a bullish signal, with an upward target of 1.2800.

3916e7f362304d708c59dbb4b40c4e1f779

EUR/JPY Intraday: Bullish with support at 169.88, target set at 171.59.

Pivot point set at:

169.88

Trading strategy:

Bullish with support at 169.88, target set at 171.59.

Alternative strategy:

If it breaks below 169.88, EUR/JPY target direction set at 169.23 and 168.84.

Technical comment :

RSI technical indicator is above the neutral area of 50. MACD technical indicator is bullish and below its signal line. Additionally, the price is above the 20-day and 50-day moving averages (currently at 170.39 and 170.31).

3916e7f362304d708c59dbb4b40c4e1f1040

EUR/GBP Intraday: Bullish with support at 0.8502.

Pivot point set at:

0.8502

Trading strategy:

Bullish with support at 0.8502.

Alternative strategy:

Breaking below 0.8502 will bring a continued downward trend, with targets at 0.8490 then 0.8483.

Technical comment :

RSI technical indicator is above the neutral area of 50. MACD technical indicator is bullish and above its signal line. Additionally, the price is above the 20-day and 50-day moving averages (currently at 0.8506 and 0.8508).

3916e7f362304d708c59dbb4b40c4e1f1284

USD/CHF Intraday: Headed towards 0.9090.

Pivot point:

0.9135

Trading strategy:

Below 0.9135, bearish, target price at 0.9105, then 0.9090.

Alternative strategy:

Above 0.9135, bullish, target price set at 0.9155, then 0.9170.

Technical comment:

Breaking below 0.9135 is a bearish signal, with a downward target of 0.9105.

3916e7f362304d708c59dbb4b40c4e1f1473

German DAX Futures (Eurex) (M4) Intraday: Short-term key resistance at 18905.00.

Pivot point:

18905.00

Trading strategy:

Below 18905.00, bearish, target price at 18805.00, then 18755.00.

Alternative strategy:

Above 18905.00, bullish, target price set at 18965.00, then 19018.00.

Technical comment:

RSI technical indicator trend is complex, operate with caution.

3916e7f362304d708c59dbb4b40c4e1f1692

Brent Crude Oil (ICE) (Q4) Intraday: Uptrend.

Pivot point:

82.35

Trading strategy:

Above 82.35, bullish, target price at 83.50, then 84.15.

Alternative strategy:

Below 82.35, bearish, target price set at 81.80, then 81.30.

Technical comment:

RSI technical indicator is trending upwards.

3916e7f362304d708c59dbb4b40c4e1f1864

UK FTSE 100 Futures Intraday: Short-term key resistance at 8365.00.

Pivot point:

8365.00

Trading strategy:

Below 8365.00, bearish, target price at 8310.00, then 8286.00.

Alternative strategy:

Above 8365.00, bullish, target price set at 8400.00, then 8427.00.

Technical comment:

As long as the resistance at 8365.00 remains, price volatility has a bearish trend.

3916e7f362304d708c59dbb4b40c4e1f2065

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

Wiki

Foreign Exchange Trading

Foreign exchange trading is a financial trading activity that seeks profit through the exchange rate differences between different countries' currencies. It is characterized by globalization, high liquidity, and leveraged trading. Participants include central banks, commercial banks, investment institutions, enterprises, and individual investors. However, it also involves potential risks such as market fluctuations and leverage risks.

Organization

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Logo

Contact Us

Social Media

footer1