Explore the latest market perspectives from the Global Research Department of the Trading Center. Discover new trading methods and opportunities from popular trading products.
EUR/USD Spot Gold GBP/USD EUR/JPY EUR/GBP USD/CHF Germany DAX Index Futures (Eurex) Brent Crude Oil (ICE) UK FTSE 100 Index Futures
Kind reminder: Due to market fluctuations, prices may have crossed key levels, rendering strategies ineffective.
Spot Gold Trending: Facing resistance.
Pivot Point:
2322.00
Trading Strategy:
Bearish below 2322.00, with target prices at 2306.00, then 2292.00.
Alternative Strategy:
Bullish above 2322.00, with target prices at 2332.00, then 2346.00.
Technical Commentary:
As long as resistance at 2322.00 holds, expect a bearish trend in price fluctuation.
![b40b74177674487189d016d168684f2a390](https://production-app-asset.traderknows.com/images/5062b980272d44f8bbcdd14a40da467f.width-800.png?Expires=1724651068&Signature=YFZolV5GcmwcHpTU8EaZ3IfF-0gTZf0TqMuH-7vpx6cjMh2y0br9DqfRgmolC6-597AQezVpxREvZLTj5s8rksFHgJGI-i1npS6tTbn5G3AJa492JYBDdAa3QEzBpxjlYm~Ha4uksbbsm8MVi4MqOWtlVOpG1DUYmsHL5W~niGPSDGDpYv7hU9m5HIv3YSgty3VCkP-xCntfL57ghbIWJuBCC3IWwro2mE1QWRl5vepgMd977cyQ~LIMJX10o7L3Oa9ZMA5hSPXod~WunX3NfpvxeId91UnoPSQ6V0Ejae3VB~e8Sqbg4ipUjgIVOTMz2aYQXvOQ~GTQu6c9A97Smw__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Trending: Downward.
Pivot Point:
1.2520
Trading Strategy:
Bearish below 1.2520, with target prices at 1.2460, then 1.2440.
Alternative Strategy:
Bullish above 1.2520, with target prices at 1.2545, then 1.2565.
Technical Commentary:
RSI technical indicator has fallen below the 30 level.
![b40b74177674487189d016d168684f2a561](https://production-app-asset.traderknows.com/images/88c98ba8c5cc40c3bfca0ff19496067d.width-800.png?Expires=1724651068&Signature=k~gf6hjMa0wTH6aHG-0Y3Q~I88jh8kGyET-wgF3g64VnrnjYI9dCAWsVRdTBusNUtWaDyWdDVF8VJiDwI3SX2SYykORnbwAZ50I7ajw8hUL2OGB35sqJnFLetcJzAfOZ-VYB1tREW3wjLj2kMlKgl1ROa9~GJIeHxRvIhZJRSIHKBk-Ne6z51Jd6cRkZdtLIKeRfCEzwho-APWMedAVNnJNi-PVYKLUAl9Ts1C78GyKyeC9~-n2tvsuDqbtmO9QevvDisBH4SLcYCWO7EtHIeg58hbRitQfJZZsGMVF7mBqTGEMqxUWZco38vQhHgm8vn1Tw244YrQoxD~sIVCwQWA__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/USD Trending: Targeting 1.0730.
Pivot Point:
1.0760
Trading Strategy:
Bearish below 1.0760, with target prices at 1.0730, then 1.0715.
Alternative Strategy:
Bullish above 1.0760, with target prices at 1.0775, then 1.0790.
Technical Commentary:
Breaking below 1.0730 could trigger a further drop to 1.0715.
![b40b74177674487189d016d168684f2a743](https://production-app-asset.traderknows.com/images/3f22a1b559a54b6fad6501eb5ed21127.width-800.png?Expires=1724651068&Signature=BXZc6it4IbS28hHukTyJZP4kglynZF2AETR0AhVGI7ngWHIuitdAdxQcG8FBXYLS6IAPosS9wN~U~3WhCJFuDIc2QKq1jZs-M9gS1Ku9vaoLLTkJVOTD~U4Jp2PQBk3nayUyOAJ1t~HgsSdyz14myct2QGp3P4Cf4X421cd59FI7dWJ0VXOCjKpF4ridRsLiZaM9xNRWal96x5FgxaV-O~~M-EFWsFf0ht-KA-M9iFxcpKm6LF9FACAPG6Jn7rIFk8C1ncApuCmPZEU8oYag3Im56TXjicTIWs6oIixK7UhTzSK0wVvmWkmRIEt4hOaueGFWhM2GctunOKOj3YSLQA__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Trending: Bullish with support at 166.09.
Pivot Point:
166.09
Trading Strategy:
Bullish with support at 166.09.
Alternative Strategy:
If it falls below 166.09, EUR/JPY targets are at 165.46 and 165.08.
Technical Commentary:
RSI technical indicator is above the neutral 50 area. MACD technical indicator is above its signal line, indicating a bullish outlook. Additionally, the price is above its 20-day and 50-day moving averages (located at 166.43 and 166.35 respectively).
![b40b74177674487189d016d168684f2a976](https://production-app-asset.traderknows.com/images/3d6e11ff5fac4276a27c13fafc345d45.width-800.png?Expires=1724651068&Signature=Wah0FujNE4NlET0rllSbLI6Z6yAEFK87D3ylP4PnGeV-dBX-FRVwZOUg2qR~qJAksGIBBmPEZb4Jw-qo~rcwhXoU9tCe9s1-bFTEctxNNd2dwnOI1pFvE5LKp6ew6Q-4vtUq-Irq160LFj87AuYWbl84uSDv2x9yX8~XASYpogGMQVECIukfJKcTxl-5MMm~eHuE1Es~7dVtRfR-jmR3bOaDgf4mbLO3gbwhN-8R~4wktnxzGnYhYHpt3olKikEcM-hbrya-ry9npz6WRdtktXjAi~Eou0EWznVarTfW9w3fVPrXrRKgcxasO1aRzGXDOjzwej3SPj3dWhf2Ls7BlQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Trending: Bullish with support at 0.8591, targeting 0.8622.
Pivot Point:
0.8591
Trading Strategy:
Bullish with support at 0.8591, targeting 0.8622.
Alternative Strategy:
Breaking below 0.8591 may lead to a continuation of the downward trend, with targets at 0.8579 then 0.8572.
Technical Commentary:
RSI technical indicator is above 50. MACD technical indicator is below its signal line but indicates a bullish outlook. Additionally, the price is above its 20-day and 50-day moving averages (located at 0.8599 and 0.8590 respectively).
![b40b74177674487189d016d168684f2a1230](https://production-app-asset.traderknows.com/images/7122ce2f48fd41e2bb878cd96e4d5091.width-800.png?Expires=1724651068&Signature=AoSH4dnAL~uhwgmZicSdHjcR4Y7nGS-r-bBpe7CVYJibC26UCIJqUu0vC7LT2XlF8GgkZiXz7r9isIWHRgKO2dUhKbxhZxPtRyNX3kUTTq5G54-5gfoDRaA8P4~Y92Qh0JGfnCxIeZ5wbacFtK0uhuFJjnGYGU1jUslIbdevKT-XVEksJYJYq97JpIuXh8OReT5IGeZJgePcZfmsYBYrcYsNQ02sHqup5mWZV~kmIPt5ad6o1yjOBf7lxYAhlv95nGVxr8ZNdieSYdsiHzoC~-zIjYDwpq3TAnvghCROe8Cj-n9QYpNNH-vngzm5oFVEq8lYd7kwPnJJHiYKpX7h2A__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Trending: Aiming for 0.9100.
Pivot Point:
0.9070
Trading Strategy:
Bullish above 0.9070, with target prices at 0.9100, then 0.9115.
Alternative Strategy:
Bearish below 0.9070, with target prices at 0.9055, then 0.9040.
Technical Commentary:
Above 0.9070 signals a bullish trend, with upward targets at 0.9100.
![b40b74177674487189d016d168684f2a1416](https://production-app-asset.traderknows.com/images/72bc2c3ab9414a6cbbdd7c46125b1739.width-800.png?Expires=1724651068&Signature=n3Qxaf5jKfD9nyGG8rvbKbN5HJqYhyxlRVDGE6g8k1n7KX13UBXvlZwj8G~JcyXsA5~XtXTSYLl6qBMSJsCcoDENfEb-n7p~pbF~8l127jWD7erNU-XHhwqNgxyAHzyHgcXpuSOuEe-tR6kB0N8vzXWg-Ltx7SyWuXM3QfmBtaT47PR3wBSFxzsFW64ZMV-NRnE1PEzq8RzNsUm7AOD8N-MyKegg9teFSSSseH0wxdNRB6kEwS7JMjRoOMVd7W-~EcxG5sFrnmy0RBfHGkJDuDW788iHToAAqnchIBhNzSeT8x6SfcP9P~JA4xT0bm-7zKNwUq3NEAOAzMVxCpJbHQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
Germany DAX Index Futures (Eurex) (M4): Trending upwards.
Pivot Point:
18279.00
Trading Strategy:
Bullish above 18279.00, with target prices at 18439.00, then 18495.00.
Alternative Strategy:
Bearish below 18279.00, with target prices at 18230.00, then 18160.00.
Technical Commentary:
The RSI technical indicator has just reached the 50% neutral zone, indicating a bullish reversal.
![b40b74177674487189d016d168684f2a1628](https://production-app-asset.traderknows.com/images/1b292fc6400b41429147635e8c647926.width-800.png?Expires=1724651068&Signature=M6ub~JF0FdruUn8UXyp3-Va6mJHBZQSwpB6HKNinGdSa6VIUIq5AOO-fg4a9vwoqmqWcqmp~64kDcFAioHsWzP7x4RHQMIsxUfPBKK6zj5sTSt9sjKAXxDSaN7zUvJXcK1I~AvGS4qcqQ7wK59nTmrzLgYARq41gn9CY9dkq5pZrOzT8dcfNQQ9024HGsz4OKiB~vRIRMa9vF1sV9w5xpPdPm81Y2yQAQM0cs5BqKrHBzyfvKhphv4qMiPLwDaIkUF~kKXxzDi2zxcx2TpYwtUZN2SBcnl2z6TjqnVnpy6pLjMVEUN8kACgPkeZTLnDbosYyS9lSdW~DPWYpLKh-Vw__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude Oil (ICE) (N4): Trending downward.
Pivot Point:
83.30
Trading Strategy:
Bearish below 83.30, with target prices at 82.40, then 82.00.
Alternative Strategy:
Bullish above 83.30, with target prices at 83.85, then 84.40.
Technical Commentary:
Breaking below 82.40 could lead to a further decline to 82.00.
![b40b74177674487189d016d168684f2a1808](https://production-app-asset.traderknows.com/images/cdd11dfef7a44363b68af7833bb9b995.width-800.png?Expires=1724651068&Signature=l0nzIvbvHIUbxj2-yjoOnRpf6gqXUz4MrOak6O1wU-FK1-TW3BrbXpavhJuanUh~4baQEw3r~ww8FllSu1XyCACZLag~FjDqUxNEzibtR8ojFN3dybWKaQVwzcoW3q3ga9Z58X2rylLZQJS~AhEu5AnoUmn4TluYGeFZ4N9XWqjzuZVjHBjk-8dBc4ws02Ywp3H-I1k~VN17OSdcQmcUeYs1Lzs8nEVC8z-c5xYdPTR1ViOp7-zvqJakwpQ0WTjhKL~zfhVsa0~S0lZt1MXW92BZKNljNGPsY355x5TP1frA~XJHA0-a3LAp96gsqTTG3bk2FF43RAGOcmBlijcrGg__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures: Trending upwards.
Pivot Point:
8262.00
Trading Strategy:
Bullish above 8262.00, with target prices at 8339.00, then 8374.00.
Alternative Strategy:
Bearish below 8262.00, with target prices at 8239.00, then 8207.00.
Technical Commentary:
Investors should exercise caution as these support or resistance levels may prompt profit-taking.
![b40b74177674487189d016d168684f2a1992](https://production-app-asset.traderknows.com/images/9b851da35978475894d96a4c7a696ba0.width-800.png?Expires=1724651068&Signature=QagWN6pHB4OC5NEoS84QR-oN3AOMZl4G6KBpj51HotGQz6lG2TcEuhFVkKVwD1dTglAgNzFWu~nBGqmqYMNmHS76o7q4WiYmZqgq~COhvMyznWeZT-1eyPCcI2sP6fUiK4nCUyGnwAZX06hsfi2oBcRcr9-O-in-fJg3NFr6JOsGHwtICJWsaynibyB-QoHNJU~hbKNmaoqOJ-H8fPvwoFdimisCyYhbMCYG-DVb1w7qufDEqp4AtqBoW1vW213aDxNp3aKP~pc-OV619AXE7stnVHGQ~CTgyBBrT1YZUMVfwEtulfmarHNVuSWhB5U~YqM~hR8WxxxwnnT-z8PMXg__&Key-Pair-Id=K3LHBTUA5A7KEY)