View the market perspectives today from the global research department of the Trading Center. Explore new trading methods and opportunities from popular trading products.
EUR/USD GBP/USD Spot gold EUR/JPY EUR/GBP USD/CHF Germany DAX Futures (Eurex) Brent crude (ICE) UK FTSE 100 Index Futures
Please note: Due to market volatility, prices may have crossed key positions, rendering strategies ineffective.
EUR/USD Today: Further rise.
Pivot point:
1.0805
Trading strategy:
Above 1.0805, bullish, target prices at 1.0860 and then 1.0880.
Alternative strategy:
Below 1.0805, bearish, target prices at 1.0785 and then 1.0760.
Technical commentary:
RSI indicator shows an ongoing upward trend.
Spot gold Today: Target at 2332.00.
Pivot point:
2277.00
Trading strategy:
Above 2277.00, bullish, target prices at 2320.00 and then 2332.00.
Alternative strategy:
Below 2277.00, bearish, target prices at 2265.00 and then 2252.00.
Technical commentary:
RSI indicator has a complicated running trend, leaning towards an uptrend.
GBP/USD Today: Upward trend.
Pivot point:
1.2620
Trading strategy:
Above 1.2620, bullish, target prices at 1.2670 and then 1.2690.
Alternative strategy:
Below 1.2620, bearish, target prices at 1.2600 and then 1.2580.
Technical commentary:
RSI indicator trending upwards.
EUR/JPY Today: Bullish, with 164.08 as the support, targeting 165.30.
Pivot point:
164.08
Trading strategy:
Bullish, with 164.08 as the support, targeting 165.30.
Alternative strategy:
If it falls below 164.08, EUR/JPY targets are set at 163.62 and 163.34.
Technical commentary:
The RSI indicator above 70 may indicate a sustained upward trend or an overbought condition needing technical adjustment. By comparing the trends between RSI and price positions, one can observe if there's a technical divergence. The MACD indicator is above its signal line indicating bullish sentiment. Moreover, prices are above their 20-day and 50-day moving averages (currently at 164.35 and 163.94).
EUR/GBP Today: Bullish, with 0.8560 as the support.
Pivot point:
0.8560
Trading strategy:
Bullish, with 0.8560 as the support.
Alternative strategy:
A downward break of 0.8560 will indicate a continuing downtrend, with target prices at 0.8550 and then 0.8544.
Technical commentary:
The RSI indicator is above the neutral 50 area. The MACD indicator is above its signal line indicating bullish sentiment. Additionally, prices are higher than their 20-day and 50-day moving averages (at 0.8566 and 0.8567 respectively).
USD/CHF Today: Under pressure.
Pivot point:
0.9050
Trading strategy:
Below 0.9050, bearish, target prices at 0.9015 and then 0.9000.
Alternative strategy:
Above 0.9050, bullish, target prices at 0.9065 and then 0.9080.
Technical commentary:
As long as the resistance at 0.9050 is not breached, there's a high risk of falling below 0.9015.
Germany DAX Futures (Eurex) (M4) Today: No clear trend.
Pivot point:
18625.00
Trading strategy:
Below 18625.00, bearish, target prices at 18460.00 and then 18400.00.
Alternative strategy:
Above 18625.00, bullish, target prices at 18675.00 and then 18730.00.
Technical commentary:
The RSI indicator has a complicated running trend.
Brent crude (ICE) (M4) Today: Bullish above 89.15.
Pivot point:
89.15
Trading strategy:
Above 89.15, bullish, target prices at 90.00 and then 90.60.
Alternative strategy:
Below 89.15, bearish, target prices at 88.65 and then 88.10.
Technical commentary:
From a technical perspective, the RSI indicator is above the neutral 50% area.
UK FTSE 100 Index Futures Today: Short-term key resistance at 7949.00.
Pivot point:
7949.00
Trading strategy:
Below 7949.00, bearish, target prices at 7895.00 and then 7870.00.
Alternative strategy:
Above 7949.00, bullish, target prices at 7969.00 and then 7987.00.
Technical commentary:
The RSI indicator is bearish with further downside potential.
