FxPro Analysis: April 24, 2024, European Market Outlook Before Opening
Explore new trading methods and opportunities from popular trading products in the global research department's market outlook today.
EUR/USD Spot Gold GBP/USD EUR/JPY EUR/GBP USD/CHF German DAX Index Futures (Eurex) Brent Crude (ICE) UK FTSE 100 Index Futures
Friendly Reminder: Due to market volatility, prices may have passed key points, rendering strategies ineffective.
Spot Gold Today: Bullish.
Pivot Point:
2315.00
Trading Strategy:
Above 2315.00, bullish, with target prices at 2332.00 and then 2343.00.
Alternative Strategy:
Below 2315.00, bearish, with target prices at 2305.00 and then 2291.00.
Technical Commentary:
The RSI indicator shows a continuing upward trend.
![9333c51102e042e8989c857b9754f672378](https://production-app-asset.traderknows.com/images/ae4b2cc284a848648c724e44921d5184.width-800.png?Expires=1724635788&Signature=vh8rMAxJIjF11L-Av7Jp-rJj1aGeA7Kkls2Figa~6QwamrvCILZEUYHXZlGInnb13RZLpP2aMwnc-bT931oQV1vUfHqTmJx0EJuwyY1WfDrdlh8fLXLuWYCBGcWHy3Ql82fsCpC2~tqkk~YOucKZrQorJQL4G9MJOUm-uv8pxK5cm-i3cBVikq-XV7AlO1yUXsJH0CsMBNMCExzEXcieLiLRWEKDK8QeDz6qEsKx2jh8jp~epcix7VFos-AxpCW4uLxssO-CCGV3I9i7U4KbdiB54pLd9PfJ17RD8SdT2kbyB-W5hgUeyam16Btda8LECFu2xYvVD8XvRJR~0SXFTQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Today: Upward trend.
Pivot Point:
1.2420
Trading Strategy:
Above 1.2420, bullish, with target prices at 1.2480 and then 1.2510.
Alternative Strategy:
Below 1.2420, bearish, with target prices at 1.2390 and then 1.2360.
Technical Commentary:
The RSI indicator trend is complex, tending to rise.
![9333c51102e042e8989c857b9754f672550](https://production-app-asset.traderknows.com/images/e491a3dd636547f9859f234363a8a781.width-800.png?Expires=1724635788&Signature=ZIwvjDttQCGZagPxWStah1zwtI33vUhtxVFIETVy3R81WpaYu3TuD3zGbkHayqYzIjC5B2fI62MWy5Jy5wx5a47HkBDQBYyP7cIlOkkBNxNf5TFBUOpXW1aHyER9jNDIxisfnD3LzM5KbINZTnsFuWkK44tf5hB8j2mDuFm7ohmgYfAivrrHHHSbBGRQu9WcvITRjb3yIxI88GGv67sTHjipMu4kR23TRzu3JdwYBSO5lvguQK5QUFYKyTblEOR3yPPaUyXRnqd8jEE~9eb24vRjv5T4v9VlEB4FpkFvyRE1ndjB5KVx~nc6BAd2RsY9UIytjGNoQ6gq0TCmfnoEKA__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/USD Today: Upward trend.
Pivot Point:
1.0680
Trading Strategy:
Above 1.0680, bullish, with target prices at 1.0730 and then 1.0745.
Alternative Strategy:
Below 1.0680, bearish, with target prices at 1.0650 and then 1.0635.
Technical Commentary:
The RSI indicator trend is complex, tending to rise.
![9333c51102e042e8989c857b9754f672725](https://production-app-asset.traderknows.com/images/5c9cd4d8bfc0463dbea1522dd8c5d155.width-800.png?Expires=1724635788&Signature=gyuE0VjcpnHhVvQCZOCAN81BcSYBQYKbMOP2f6SrTA8pfZ9skYZt9LemB9dJ-dsucsZM183lv-DBee1BhsgvhIFhRSg1Y8GKGsuM~flPmoUelk2LnUMcPbNTF57xYv~~z~TQ6vNEcChN7~Y2fyD9OCk8avPcKjK4kfeNi8tsWK4xyAs9CMExSaoTJtnkx~E3Mq0OLbfiTEPNkAJ25qv~pK7pM0FJl6-5INBWBEf8HNCW5ohTzirR1aS7mf5iHEWP6gnFtVI-~oAT0UO839HK~jZwLZ1eTuQ25LNKxQ7D0pHj~9czi6rOYhlxf-D2hRWogJ6G0fYr69NQ3ufWJRztGw__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Today: Bullish, with support at 165.42 and target at 166.55.
Pivot point at 165.42.
Trading Strategy:
Bullish, with support at 165.42 and target at 166.55.
Alternative Strategy:
If falling below 165.42, target directions set at 165 and 164.75.
Technical Commentary:
The RSI is above the neutral zone of 50. MACD is below its signal line but bullish. Moreover, prices are above their 20-day and 50-day moving averages (currently at 165.71 and 165.44).
![9333c51102e042e8989c857b9754f672977](https://production-app-asset.traderknows.com/images/31cc510c6d234bbe965621cfd6187942.width-800.png?Expires=1724635788&Signature=gwgsPLB7nFsr1n4ydVoPl-CHrU2WnQTkxkrGoOpXv~xthWO2jNkS~T7aV1x1D3mGtftg795oS0ekA9HjNV4DS7YN~2FLBDLMx9pzud11MFj4RA00LukLLYiGktFRLtKFqZDuV9vARP66kSJmPlEUCi4ZUn~CmIvUxbY2U1MwZcdrFjUSedG3JA4xe7XvTJ6nkZQv9eZqercJ5QymKQ8D7bpxy2DhoiY70mYTGU0QO9sa5sn6MzDg2wFaauYUvpSQxZqhTRZWc0lSQuXyD-3IdqxOskxOD5kfUnIEDoYNcgMurbdpUA3V-AB0sIpJw8NtKP6VrTdvFDN2o4tjIvnwXw__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Today: Possible rise, target price set at 0.8616.
Pivot point at 0.8586.
Trading Strategy:
Possible rise, target price set at 0.8616.
Alternative Strategy:
If breaking below 0.8586, a continuing downward trend is expected, with targets at 0.8575 and then 0.8568.
Technical Commentary:
RSI is below the neutral zone of 50. MACD is above its signal line, indicating bearishness. Additionally, the price is below its 50-day moving average (0.8607) but above the 20-day moving average (0.8595).
![9333c51102e042e8989c857b9754f6721229](https://production-app-asset.traderknows.com/images/2c3ff04cb57044618ed478b5966028ad.width-800.png?Expires=1724635788&Signature=KXgLdETuoli5j54w~D87sHbp70hELKXUPE-EjsEkxtrt-3KCQjLW0V~1q-cAuhbO8k2ULRFNx2Po9l3wbnpaoqjZSl-I9A5Oso4Uq-a1UbmHsEd6-ejE6X8YnEAtfRAYtq-IQS2fTNSAaB~TYZlkz2sTyj~BFu8XkDG9hxq9n1L25qgNisnG01O3fdw40lOyYYY9ZGX3zfGXpcp1q2B0EpJ6FxVRXKq1A~epcDP9RmRorv44H2IbW6QE4gvj2VfbJMLBBZpMGC~k4dwGagiyAcBBkj8Ujp7yEyVornj98bu3HtKyLW1ZTZkELEOQdwNEiNrugsBnmubYCCEkxi6tOg__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Today: Bullish above 0.9100.
Pivot Point:
0.9100
Trading Strategy:
Above 0.9100, bullish, with target prices at 0.9130 and then 0.9150.
Alternative Strategy:
Below 0.9100, bearish, with target prices at 0.9085 and then 0.9070.
Technical Commentary:
The RSI indicator is on an upward trend.
![9333c51102e042e8989c857b9754f6721404](https://production-app-asset.traderknows.com/images/c2bf125a41224e3b97b1fca0f20a1b44.width-800.png?Expires=1724635788&Signature=ofaq2A~501b9bu-TuA2v2De9BvpEdSBD8EJEoxVW0mIA4f9w5vFF19P0Xq-PD0GnO-mc3Ih~mNZAU868toRezFryAJfwX-BsjQLq~vsHHSPhOozLLW7CTyQcjLPgBjpADc7VZIabxtWuoBVGiYT-aKeZ233ZJd7qKSD4tLUPDbXQIoRFANz3PYYqo~tAOVfBH5obQJNgQH-mICxYH2SuWSXYLUWM~4WBHQ6n0H1rQLjSWJBHTMlYA-mTDqJBbVkTdkZI7goYFjUV6KUWh4ilbeW9Zyeg7IsfytJnXcQtfYEZ8-i423OLt0vYPTHoRfGGO2OYjCXoKy7jk80nhcClvQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
German DAX Index Futures (Eurex) (M4): Upward trend.
Pivot Point:
17965.00
Trading Strategy:
Above 17965.00, bullish, with target prices at 18250.00 and then 18370.00.
Alternative Strategy:
Below 17965.00, bearish, with target prices at 17870.00 and then 17770.00.
Technical Commentary:
Even though a continuation of the adjustment is not excluded, it should be limited in time.
![9333c51102e042e8989c857b9754f6721624](https://production-app-asset.traderknows.com/images/bf36644dc357485c871e6d256de79de3.width-800.png?Expires=1724635788&Signature=hxzdrObS~jdTpBm0L8fQSXqBnYo713uCaKpU508-C~HxJE~NGGDa8TTRabJng2kkiRAq~WuJJnfSZ1OwMkOLi1vuqYA~Wd0cBvsTOMFsshFta8codxC7rZ7r4OoYabUYj2NMnczhtxZBHsAnwQkZGpWbxQQzZaW-CSvPtv~QoewHIpwkRpqBaAp448pj--Bvq7aedoFBaC56PU6cEhL81mZ3cexZl0TebpS-Ge23W825L-BHdWI6Scedzris-uxRRQ~X70gGYPRsr1pfVD3ZEYWb8k0aZ41ViZbYrW5w7hV2~nGGDJH5btHZYZPTTTFa04IhbKiChGWgPiywxs~yeA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude (ICE) (M4): Further increase.
Pivot Point:
87.50
Trading Strategy:
Above 87.50, bullish, with target prices at 89.50 and then 90.30.
Alternative Strategy:
Below 87.50, bearish, with target prices at 86.90 and then 86.10.
Technical Commentary:
The RSI indicator is bullish, with room for further rise.
![9333c51102e042e8989c857b9754f6721802](https://production-app-asset.traderknows.com/images/28cd6fa596414186811bcc42216e788c.width-800.png?Expires=1724635788&Signature=CRqh31FwFORWlVYPGL8GGhU9iqVBg9aD5GYg1AbF649fWIr7tT~sws5C8ZEAS3AfmuMsAfEsFehSviAe4ZHP5K4F8MeCzPWSwjGJRf-ljy7o34CBmpEfm73vLme2xbRU5uMsTg6FI0KZylbE89IjF-1j4ClyQL1Lv7xji7QSfpdLAVSeoNtDjramw~kvJDpIKt8wxCBL3fjHKvBCxdHGOlfwWbUtVMvwS0VbBx3bb2rII1X~Ygu3~zse0aHsc2duPyFMSe4727fMkTQLl3sbPIb2exECj1xqKSwX1~HrM587rWnLvxrp9NCtgI4mHP8l5mYztk1CbyDBowyKRmpG1w__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Today: Bullish above 7965.00.
Pivot Point:
7965.00
Trading Strategy:
Above 7965.00, bullish, with target prices at 8135.00 and then 8205.00.
Alternative Strategy:
Below 7965.00, bearish, with target prices at 7907.00 and then 7841.00.
Technical Commentary:
Even though a continuation of the adjustment is not excluded, it should be limited in time.
![9333c51102e042e8989c857b9754f6722004](https://production-app-asset.traderknows.com/images/eb678972628b42a9ba7b166e8ec110f9.width-800.png?Expires=1724635788&Signature=uQ9vgSkuWvOwm8k6N59dkEYspER29h8Yefb7oq3hi8Pn9T7plfkJ9rNN2AQkZV-Bgx-rX5f7rgbJnc9t30fRDaqY8OCXczAoA7gVDe0C1SmyBOorG~IXBvYEuMJio76ce5EaK0UXkeauYYgjEgE-Zu-Qlf-R3Hsje286ae5vRrg5I74v-Utm00gDFwHz2vNBe3BuvNhzC0~l7jcPxst1T7D7uA4h33Pp--WpFAbtFgWc7lFHP55rqghHx6owl3-WqQ79YPkHEeyDOTEw4YhMFAdI3JEmBILndIdVrbJ17-LEhwyZtJIaTpvjRXVjNHUfi9UZtIAKL3yOIyCzgtyTzA__&Key-Pair-Id=K3LHBTUA5A7KEY)