Explore new trading methods and opportunities from popular trading products in today's market view from the Global Research Department at the trading center.
EUR/USD Spot Gold GBP/USD EUR/JPY EUR/GBP USD/CHF Germany DAX Index Futures (Eurex) Brent Crude (ICE) UK FTSE 100 Index Futures
Note: Due to market fluctuations, prices may have moved past key levels, rendering strategies ineffective.
EUR/USD Intraday: Uptrend.
Pivot Point:
1.0690
Trading Strategy:
Bullish above 1.0690 with targets at 1.0730 followed by 1.0745.
Alternative Strategy:
Bearish below 1.0690 with targets at 1.0680 followed by 1.0665.
Technical Comment:
RSI is heading upwards.
Spot Gold Intraday: Short-term key resistance at 2322.00.
Pivot Point:
2322.00
Trading Strategy:
Bearish below 2322.00 with targets at 2300.00 followed by 2291.00.
Alternative Strategy:
Bullish above 2322.00 with targets at 2330.00 followed by 2337.00.
Technical Comment:
As long as the resistance at 2322.00 holds, the price fluctuation trend is bearish.
GBP/USD Intraday: Bullish.
Pivot Point:
1.2440
Trading Strategy:
Bullish above 1.2440 with targets at 1.2480 followed by 1.2510.
Alternative Strategy:
Bearish below 1.2440 with targets at 1.2420 followed by 1.2390.
Technical Comment:
The RSI indicator shows a complex trend leaning towards an uptrend.
EUR/JPY Intraday: Bullish with 166.11 as support.
Pivot Set At:
166.11
Trading Strategy:
Bullish with 166.11 as support.
Alternative Strategy:
A break below 166.11 would indicate a continuing bearish trend, with targets at 165.69 followed by 165.44.
Technical Comment :
The RSI above 70 could indicate a sustained upward trend or an overbought condition needing technical adjustment. We can determine the presence of a technical divergence by comparing the trend between the RSI and price levels. The MACD indicator is bullish and above its signal line. Additionally, the price is above its 20-day and 50-day moving averages (currently at 166.21 and 165.90, respectively).
EUR/GBP Intraday: Bullish.
Pivot point at 0.8582.
Trading Strategy:
Bullish.
Alternative Strategy:
If it falls below 0.8582, the target direction for EUR/GBP is at 0.8571 and then 0.8564.
Technical Comment :
The RSI indicator exceeds 50. The MACD indicator shows a bearish trend and is above its signal line. Additionally, the price is below its 50-day moving average (0.8591) but above its 20-day moving average (0.8587).
USD/CHF Intraday: Bullish above 0.9130.
Pivot Point:
0.9130
Trading Strategy:
Bullish above 0.9130 with targets at 0.9160 followed by 0.9175.
Alternative Strategy:
Bearish below 0.9130 with targets at 0.9120 followed by 0.9105.
Technical Comment:
The RSI lacks downward momentum
Germany DAX Index Futures (Eurex) (M4) Intraday: Uptrend.
Pivot Point:
18279.00
Trading Strategy:
Bullish above 18279.00 with targets at 18478.00 followed by 18570.00.
Alternative Strategy:
Bearish below 18279.00 with targets at 18180.00 followed by 18115.00.
Technical Comment:
Investors should operate cautiously as these support or resistance levels may trigger profit-taking.
Brent Crude (ICE) (M4) Intraday: Bullish.
Pivot Point:
87.60
Trading Strategy:
Bullish above 87.60 with targets at 88.40 followed by 88.85.
Alternative Strategy:
Bearish below 87.60 with targets at 87.10 followed by 86.60.
Technical Comment:
Even though we cannot exclude the possibility of ongoing adjustments, they are likely to be short-lived.
UK FTSE 100 Index Futures Intraday: Ultra-short-term (intraday) support around 8028.00.
Pivot Point:
8028.00
Trading Strategy:
Bullish above 8028.00 with targets at 8135.00 followed by 8205.00.
Alternative Strategy:
Bearish below 8028.00 with targets at 7985.00 followed by 7944.00.
Technical Comment:
The RSI indicator shows a complex trend leaning towards an uptrend.
