Explore the latest market perspectives from the global research department at the Trading Center. Discover new trading strategies 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 Oil (ICE) UK FTSE 100 Index Futures
Kind reminder: Due to market volatility, prices may have crossed key levels, rendering strategies ineffective.
Spot Gold Today: No significant change in trend.
Pivot Point:
2309.00
Trading Strategy:
Below 2309.00, bearish with target prices at 2296.00, followed by 2289.00.
Alternative Strategy:
Above 2309.00, bullish with target prices at 2318.00, followed by 2328.00.
Technical Commentary:
The RSI indicator lacks momentum.
GBP/USD Today: Bullish.
Pivot Point:
1.2525
Trading Strategy:
Above 1.2525, bullish with target prices at 1.2565, followed by 1.2585.
Alternative Strategy:
Below 1.2525, bearish with target prices at 1.2500, followed by 1.2480.
Technical Commentary:
The RSI indicator is trending upwards.
EUR/USD Today: Bullish.
Pivot Point:
1.0710
Trading Strategy:
Above 1.0710, bullish with target prices at 1.0750, followed by 1.0770.
Alternative Strategy:
Below 1.0710, bearish with target prices at 1.0695, followed by 1.0675.
Technical Commentary:
The RSI indicator is trending upwards.
EUR/JPY Today: Potential for an uptrend, with a target price at 165.20.
Pivot Point at 163.61.
Trading Strategy:
Potential for an uptrend, with a target price at 165.20.
Alternative Strategy:
If it falls below 163.61, EUR/JPY target direction is set at 163.09 and 162.79.
Technical Commentary:
RSI below 50. MACD is above its signal line indicating bearishness. Moreover, the price is below its 20 and 50-day moving averages (lying at 164.41 and 165.17 respectively).
EUR/GBP Today: Bearish, below 0.8563.
Pivot Point set at:
0.8563
Trading Strategy:
Bearish, below 0.8563.
Alternative Strategy:
If it breaks through 0.8563, EUR/GBP target direction is 0.8575 and 0.8582.
Technical Commentary:
RSI below 50. MACD shows bearishness and is below its signal line. Moreover, the price is below its 20 and 50-day moving averages (currently at 0.8555 and 0.8555).
USD/CHF Today: Downward trend.
Pivot Point:
0.9120
Trading Strategy:
Below 0.9120, bearish with target prices at 0.9060, followed by 0.9040.
Alternative Strategy:
Above 0.9120, bullish with target prices at 0.9140, followed by 0.9160.
Technical Commentary:
The RSI indicator is trending downwards.
Germany DAX Index Futures (Eurex) (M4) Today: Exercise caution.
Pivot Point:
17965.00
Trading Strategy:
Above 17965.00, bullish with target prices at 18147.00, followed by 18224.00.
Alternative Strategy:
Below 17965.00, bearish with target prices at 17890.00, followed by 17815.00.
Technical Commentary:
The RSI indicator shows a complex trend, leaning towards an upward direction.
Brent Crude Oil (ICE) (N4) Today: Short-term key resistance at 84.40.
Pivot Point:
84.40
Trading Strategy:
Below 84.40, bearish with target prices at 83.05, followed by 82.60.
Alternative Strategy:
Above 84.40, bullish with target prices at 85.15, followed by 85.90.
Technical Commentary:
The immediate trend remains downward, but lacks momentum.
UK FTSE 100 Index Futures Today: Bullish, above 8109.00.
Pivot Point:
8109.00
Trading Strategy:
Above 8109.00, bullish with target prices at 8192.00, followed by 8215.00.
Alternative Strategy:
Below 8109.00, bearish with target prices at 8077.00, followed by 8035.00.
Technical Commentary:
The RSI indicator shows a complex trend, leaning towards an upward direction.
