Check out today's market perspectives from the global research department of the trading center. Explore 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 (ICE) UK FTSE 100 Index Futures
Reminder: Due to market volatility, prices may have already passed key points, rendering the strategy ineffective.
GBP/USD Today: Uptrend.
Pivotal Point:
1.2565
Trading Strategy:
Bullish above 1.2565, with targets at 1.2610 and then 1.2630.
Alternative Strategy:
Bearish below 1.2565, with targets at 1.2540 and then 1.2520.
Technical Commentary:
The RSI indicator is moving upwards.
EUR/USD Today: Uptrend.
Pivotal Point:
1.0800
Trading Strategy:
Bullish above 1.0800, with targets at 1.0830 and then 1.0850.
Alternative Strategy:
Bearish below 1.0800, with targets at 1.0780 and then 1.0765.
Technical Commentary:
The RSI indicator is moving upwards.
Spot Gold Today: Very short-term (intraday) support around 2347.00.
Pivotal Point:
2347.00
Trading Strategy:
Bullish above 2347.00, with targets at 2364.00 and then 2371.00.
Alternative Strategy:
Bearish below 2347.00, with targets at 2334.00 and then 2328.00.
Technical Commentary:
RSI indicator is above the 50% neutral area.
EUR/JPY Today: Bullish with support at 168.81, targeting 170.53.
168.81 as the pivotal point.
Trading Strategy:
Bullish with support at 168.81, targeting 170.53.
Alternative Strategy:
A break below 168.81 would indicate a continuing downward trend, with targets at 168.16 and then 167.78.
Technical Commentary:
The RSI indicator exceeds 50. The MACD indicator is below its signal line indicating bullishness. Additionally, the price is above its 20-day and 50-day moving averages (respectively at 169.25 and 169.06).
EUR/GBP Today: Potential rise, targeting 0.8615.
Pivotal point at:
0.8583
Trading Strategy:
Potential rise, targeting 0.8615.
Alternative Strategy:
If it falls below 0.8583, the EUR/GBP target direction is at 0.8572 and then 0.8564.
Technical Commentary:
The RSI indicator is below 50. The MACD indicator is above its signal line indicating bearishness. Moreover, the price is below its 50-day moving average (0.8595) but above its 20-day moving average (0.8593).
USD/CHF Today: Downtrend.
Pivotal Point:
0.9075
Trading Strategy:
Bearish below 0.9075, with targets at 0.9040 and then 0.9025.
Alternative Strategy:
Bullish above 0.9075, with targets at 0.9090 and then 0.9100.
Technical Commentary:
The RSI indicator is trending downwards.
Germany DAX Index Futures (Eurex) (M4) Today: Short-term critical resistance at 18920.00.
Pivotal Point:
18920.00
Trading Strategy:
Bearish below 18920.00, with targets at 18850.00 and then 18798.00.
Alternative Strategy:
Bullish above 18920.00, with targets at 18966.00 and then 19038.00.
Technical Commentary:
The RSI indicator shows a complex trend, proceed with caution.
Brent Crude (ICE) (N4) Today: Targeting 83.60.
Pivotal Point:
82.35
Trading Strategy:
Bullish above 82.35, with targets at 83.30 and then 83.60.
Alternative Strategy:
Bearish below 82.35, with targets at 82.10 and then 81.85.
Technical Commentary:
The RSI indicator shows an upward trend.
UK FTSE 100 Index Futures Today: Bullish above 8460.00.
Pivotal Point:
8460.00
Trading Strategy:
Bullish above 8460.00, with targets at 8501.00 and then 8519.00.
Alternative Strategy:
Bearish below 8460.00, with targets at 8440.00 and then 8411.00.
Technical Commentary:
Above 8460.00 signals a bullish signal, with an upward target at 8501.00.
