Check out the market views of the Global Research Department at the Trading Center today. Explore new trading methods and opportunities from popular trading products.
Euro/USD British Pound/USD Spot Gold Euro/JPY Euro/British Pound USD/Swiss Franc German DAX Index Futures (Eurex) Brent Crude (ICE) UK FTSE 100 Index Futures
Warm reminder: Due to market volatility, prices may have moved past key points, making strategies ineffective.
Spot Gold Intraday: Very short-term (within the day) support around 2029.00.
Pivot point:
2029.00
Trading strategy:
Above 2029.00, bullish with target prices at 2039.00, then 2044.00.
Alternative strategy:
Below 2029.00, bearish with target prices at 2024.00, then 2021.00.
Technical comments:
Bullish on the RSI indicator.
British Pound/USD Intraday: Uptrend.
Pivot point:
1.2640
Trading strategy:
Above 1.2640, bullish with target prices at 1.2680, then 1.2695.
Alternative strategy:
Below 1.2640, bearish with target prices at 1.2620, then 1.2600.
Technical comments:
RSI indicator trending upwards.
Euro/USD Intraday: Uptrend.
Pivot point:
1.0815
Trading strategy:
Above 1.0815, bullish with target prices at 1.0850, then 1.0865.
Alternative strategy:
Below 1.0815, bearish with target prices at 1.0795, then 1.0780.
Technical comments:
RSI indicator trending upwards.
Euro/JPY Intraday: Bearish, below 162.66.
Pivot point:
162.66
Trading strategy:
Bearish, below 162.66.
Alternative strategy:
If it breaks above 162.66, EUR/JPY target direction at 163.04 and 163.27.
Technical comments :
RSI indicator below 30, indicating either a strong downtrend or an oversold state, potentially leading to a rebound. We will observe if there is any divergence in the RSI indicator. MACD indicator is below its signal line, bearish. Moreover, prices are below their 20-day and 50-day moving averages (currently at 162.89 and 163.03).
Euro/British Pound Intraday: Bearish, below 0.8563.
Pivot point set at:
0.8563
Trading strategy:
Bearish, below 0.8563.
Alternative strategy:
A breakout above 0.8563 would signal a continued upward trend, with target prices at 0.8574 and 0.8580.
Technical comments :
RSI indicator below the neutral zone of 50. MACD indicator is below its signal line, bearish. Moreover, prices are below their 20-day and 50-day moving averages (at 0.8557 and 0.8556, respectively).
USD/Swiss Franc Intraday: Under pressure.
Pivot point:
0.8800
Trading strategy:
Below 0.8800, bearish with target prices at 0.8770, then 0.8755.
Alternative strategy:
Above 0.8800, bullish with target prices at 0.8815, then 0.8830.
Technical comments:
RSI trend is complex, tilting towards a decline.
German DAX Index Futures (Eurex) (H4) Intraday: Uptrend.
Pivot point:
17520.00
Trading strategy:
Above 17520.00, bullish with target prices at 17650.00, then 17690.00.
Alternative strategy:
Below 17520.00, bearish with target prices at 17470.00, then 17400.00.
Technical comments:
Investors should operate cautiously as these support or resistance levels could trigger profit-taking.
Brent Crude (ICE) (K4) Intraday: Short-term adjustment.
Pivot point:
82.50
Trading strategy:
Below 82.50, bearish with target prices at 81.55, then 81.25.
Alternative strategy:
Above 82.50, bullish with target prices at 83.10, then 83.60.
Technical comments:
RSI trend is complex, tilting towards a decline.
UK FTSE 100 Index Futures Intraday: Under pressure.
Pivot point:
7648.00
Trading strategy:
Below 7648.00, bearish with target prices at 7596.00, then 7577.00.
Alternative strategy:
Above 7648.00, bullish with target prices at 7664.00, then 7680.00.
Technical comments:
RSI indicator is bearish, with more room to fall.
