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 Spot Gold GBP/USD EUR/JPY EUR/GBP USD/CHF German DAX Futures (Eurex) Brent Crude (ICE) UK FTSE 100 Futures
Friendly reminder: Due to market fluctuations, prices may have crossed key levels, rendering strategies ineffective.
EUR/USD Intra-Session: Under Pressure.
Pivot Point:
1.0880
Trading Strategy:
Bearish below 1.0880, target prices at 1.0845, then 1.0835.
Alternative Strategy:
Bullish above 1.0880, target prices at 1.0895, then 1.0910.
Technical Analysis:
The RSI indicator runs a complex trend, inclined to fall.
Spot Gold Intra-Session: Downtrend.
Pivot Point:
2386.00
Trading Strategy:
Bearish below 2386.00, target prices at 2365.00, then 2354.00.
Alternative Strategy:
Bullish above 2386.00, target prices at 2395.00, then 2410.00.
Technical Analysis:
The RSI indicator is below the 50% neutral zone.
GBP/USD Intra-Session: Under Pressure.
Pivot Point:
1.2680
Trading Strategy:
Bearish below 1.2680, target prices at 1.2640, then 1.2625.
Alternative Strategy:
Bullish above 1.2680, target prices at 1.2700, then 1.2720.
Technical Analysis:
The RSI indicator runs a complex trend, inclined to fall.
EUR/JPY Intra-Session: Bullish, Supported at 168.67.
Pivot Point:
168.67
Trading Strategy:
Bullish as long as 168.67 holds as a support.
Alternative Strategy:
A downward break of 168.67 will signal further decline, targeting 168.02, then 167.64.
Technical Analysis:
With the RSI above 70, it indicates a continued upward trend or an overbought condition requiring technical adjustment. Compare the RSI and price trend for potential divergence. The MACD shows a bullish state above its signal line. Additionally, the price is above both its 20-day and 50-day moving averages (currently at 168.91 and 168.47).
EUR/GBP Intra-Session: Bullish unless 0.8568 is breached.
Pivot Point:
0.8568
Trading Strategy:
Bullish as long as 0.8568 is not breached.
Alternative Strategy:
A downward break of 0.8568 will signal further decline, targeting 0.8556, then 0.8549.
Technical Analysis:
The RSI exceeds 50. The MACD is above its signal line, indicating bullishness. Additionally, the price is above both its 20-day and 50-day moving averages (currently at 0.8577 and 0.8578).
USD/CHF Intra-Session: Uptrend.
Pivot Point:
0.9040
Trading Strategy:
Bullish above 0.9040, target prices at 0.9090, then 0.9105.
Alternative Strategy:
Bearish below 0.9040, target prices at 0.9020, then 0.8995.
Technical Analysis:
The RSI indicator is trending upwards.
German DAX Futures (Eurex) Intra-Session: Under Pressure.
Pivot Point:
18875.00
Trading Strategy:
Bearish below 18875.00, target prices at 18736.00, then 18630.00.
Alternative Strategy:
Bullish above 18875.00, target prices at 18955.00, then 19018.00.
Technical Analysis:
RSI indicator falls below its 30 level.
Brent Crude (ICE) Intra-Session: Uptrend.
Pivot Point:
82.75
Trading Strategy:
Bullish above 82.75, target prices at 84.00, then 84.50.
Alternative Strategy:
Bearish below 82.75, target prices at 82.25, then 81.80.
Technical Analysis:
The RSI indicator is above the 50% neutral zone.
UK FTSE 100 Futures Intra-Session: No Significant Change.
Pivot Point:
8463.00
Trading Strategy:
Bearish below 8463.00, target prices at 8423.00, then 8400.00.
Alternative Strategy:
Bullish above 8463.00, target prices at 8478.00, then 8490.00.
Technical Analysis:
As long as resistance at 8463.00 persists, the price movement tends to be bearish.
