View today's market insights from the Global Research Department at 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 Index Futures (Eurex) Brent Crude (ICE) UK FTSE 100 Index Futures
Kind reminder: Due to market fluctuations, prices may have moved past key points, rendering strategies ineffective.
EUR/USD Intraday: Upward trend.
Pivot Point:
1.0845
Trading Strategy:
Above 1.0845, bullish with target prices at 1.0860 and then 1.0870.
Alternative Strategy:
Below 1.0845, bearish with target prices at 1.0830 and then 1.0820.
Technical Comment:
The RSI indicator is moving upwards.
Spot Gold Intraday: Bullish.
Pivot Point:
2344.00
Trading Strategy:
Above 2344.00, bullish with target prices at 2364.00 and then 2375.00.
Alternative Strategy:
Below 2344.00, bearish with target prices at 2338.00 and then 2327.00.
Technical Comment:
On the RSI indicator, bullish.
GBP/USD Intraday: Bullish above 1.2660.
Pivot Point:
1.2660
Trading Strategy:
Above 1.2660, bullish with target prices at 1.2690 and then 1.2710.
Alternative Strategy:
Below 1.2660, bearish with target prices at 1.2645 and then 1.2630.
Technical Comment:
A support base around 1.2660 could stabilize the trend short term.
EUR/JPY Intraday: Bullish.
164.40 as the pivot point.
Trading Strategy:
Bullish.
Alternative Strategy:
If it breaks below 164.40, EUR/JPY targets are set at 163.93 and 163.65.
Technical Comment:
RSI above 50. MACD is bearish but above its signal line. Moreover, the price is below its 50-day moving average (164.85) but above its 20-day moving average (164.72).
EUR/GBP Intraday: Potentially rising, target at 0.8583.
Pivot point at:
0.8557
Trading Strategy:
Potential rise, with a target at 0.8583.
Alternative Strategy:
A downward break of 0.8557 would trend downwards, with targets at 0.8547 and then 0.8541.
Technical Comment:
RSI below 50. MACD is bearish and above its signal line. Additionally, the price is below its 20-day and 50-day moving averages (at 0.8565 and 0.8571 respectively).
USD/CHF Intraday: Under pressure.
Pivot Point:
0.9045
Trading Strategy:
Below 0.9045, bearish with target prices at 0.9020 and then 0.9010.
Alternative Strategy:
Above 0.9045, bullish with target prices at 0.9055 and then 0.9065.
Technical Comment:
As long as resistance at 0.9045 remains, the price movement has a bearish trend.
Germany DAX Index Futures (Eurex) (M4) Intraday: Under pressure.
Pivot Point:
18680.00
Trading Strategy:
Below 18680.00, bearish with target prices at 18410.00 and then 18340.00.
Alternative Strategy:
Above 18680.00, bullish with target prices at 18770.00 and then 18840.00.
Technical Comment:
As long as resistance at 18680.00 remains, the price movement has a bearish trend.
Brent Crude (ICE) (M4) Intraday: Downward trend.
Pivot Point:
90.10
Trading Strategy:
Below 90.10, bearish with target prices at 88.80 and then 88.20.
Alternative Strategy:
Above 90.10, bullish with target prices at 90.55 and then 91.00.
Technical Comment:
RSI indicator shows a new downward trend.
UK FTSE 100
Index Futures Intraday: Bullish above 7935.00.
Pivot Point:
7935.00
Trading Strategy:
Above 7935.00, bullish with target prices at 7986.00 and then 8008.00.
Alternative Strategy:
Below 7935.00, bearish with target prices at 7905.00 and then 7873.00.
Technical Comment:
The immediate trend remains upwards, though lacking momentum.
