Explore today's market outlook from the Global Research Department at the Trading Center. Discover new trading methods and opportunities among popular trading products.
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 passed key points, rendering strategies ineffective.
Spot Gold Today: Short-term key resistance at 2341.00.
Pivot point:
2341.00
Trading strategy:
Below 2341.00, bearish with target prices at 2324.00 and then 2315.00.
Alternative strategy:
Above 2341.00, bullish with target prices at 2352.00 and then 2359.00.
Technical comment:
Even though a continued technical rebound is possible, it is expected to be limited in duration.
GBP/USD Today: Upward trend.
Pivot point:
1.2500
Trading strategy:
Above 1.2500, bullish with target prices at 1.2560 and then 1.2580.
Alternative strategy:
Below 1.2500, bearish with target prices at 1.2485 and then 1.2470.
Technical comment:
RSI indicator shows a further upward trend.
EUR/USD Today: Upward trend.
Pivot point:
1.0705
Trading strategy:
Above 1.0705, bullish with target prices at 1.0735 and then 1.0750.
Alternative strategy:
Below 1.0705, bearish with target prices at 1.0690 and then 1.0675.
Technical comment:
RSI indicator is moving upwards.
EUR/JPY Today: Bearish with resistance at 168.01.
Pivot point:
168.01
Trading strategy:
Bearish with 168.01 as resistance.
Alternative strategy:
If it breaks above 168.01, EUR/JPY's target directions are 168.43 and 168.69.
Technical comment:
RSI indicator is below the neutral zone of 50. MACD indicator is below its signal line, bullish. Moreover, price is below its 20 and 50-day moving average (situated at 169.41 and 168.62 respectively).
EUR/GBP Today: Possible rise, with a target price at 0.8574.
Pivot point:
0.8544
Trading strategy:
Possible rise, with a target price at 0.8574.
Alternative strategy:
If it falls below 0.8544, EUR/GBP's target directions are 0.8533 and 0.8527.
Technical comment:
RSI indicator is below 50. MACD indicator is above its signal line, bearish. Moreover, price is below its 20 and 50-day moving average (situated at 0.8558 and 0.8566 respectively).
USD/CHF Today: Under pressure.
Pivot point:
0.9130
Trading strategy:
Below 0.9130, bearish with target prices at 0.9090 and then 0.9085.
Alternative strategy:
Above 0.9130, bullish with target prices at 0.9145 and then 0.9155.
Technical comment:
RSI indicator is trending downwards.
Germany DAX Index Futures (Eurex) (M4) Today: No clear trend.
Pivot point:
18051.00
Trading strategy:
Above 18051.00, bullish with target prices at 18275.00 and then 18339.00.
Alternative strategy:
Below 18051.00, bearish with target prices at 17965.00 and then 17870.00.
Technical comment:
RSI indicator is near the 50% neutral area.
Brent Crude (ICE) (N4) Today: Under pressure.
Pivot point:
88.15
Trading strategy:
Below 88.15, bearish with target prices at 86.90 and then 86.25.
Alternative strategy:
Above 88.15, bullish with target prices at 88.65 and then 89.10.
Technical comment:
RSI indicator has broken below its level of 30.
UK FTSE 100 Index Futures Today: Upward trend.
Pivot point:
8028.00
Trading strategy:
Above 8028.00, bullish with target prices at 8165.00 and then 8219.00.
Alternative strategy:
Below 8028.00, bearish with target prices at 7985.00 and then 7944.00.
Technical comment:
RSI indicator shows a complex trend.
