Check out today's market views 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, German DAX Index Futures (Eurex), Brent Crude Oil (ICE), UK FTSE 100 Index Futures
Friendly reminder: Due to market volatility, prices may have surpassed key levels, rendering the strategy invalid.
EUR/USD Intra-day: Short-term support around 1.0830.
Pivot point:
1.0830
Trading strategy:
Above 1.0830, bullish targets are 1.0860 and 1.0875.
Alternative strategy:
Below 1.0830, bearish targets are 1.0815 and 1.0800.
Technical commentary:
The RSI technical indicator lacks downward momentum.
![2c073d8032be4c5f9c2c2d470d86fae1386](https://production-app-asset.traderknows.com/images/1dce466234d045aa901f7cdb1a6ffa15.width-800.png?Expires=1728297694&Signature=dI8gfPJxoC8Lp-Htx3Ile6OaylGLKIcY3YKK2MHOoJrzdKJ9wiA1lmyc9Mao56-i6~I08b0m1Y52h35eJYaR1JPMEEOf4jjIzF06Uz5crelxHzvAtERDj2bLpGU5vhh9kUq3OnBYn3XaU6~MPSd3r6g1wjLD8ffNpM~s2q5lgMHeltpoXvu2eDeTk3TYCtcHZjnhTOwAJO0hoIblx9wnVgPs-qYGaczq9Cy84lGKxmt01sPxUGHZpIgiWIH5BsXd2mhwTyXzOkpDJ22Bwm6MvdmotAoW8KKc2GkdAB8sMar6aWsz0gR8sh7xQYHO7~qFIQiq7sQSB9fXOfi3vIIu3w__&Key-Pair-Id=K3LHBTUA5A7KEY)
Spot Gold Intra-day: Rising.
Pivot point:
2332.00
Trading strategy:
Above 2332.00, bullish targets are 2355.00 and 2370.00.
Alternative strategy:
Below 2332.00, bearish targets are 2325.00 and 2318.00.
Technical commentary:
Subsequent resistance levels are 2355.00 and 2370.00.
![2c073d8032be4c5f9c2c2d470d86fae1568](https://production-app-asset.traderknows.com/images/008fef2094c4438aaa2ea70d546bc64d.width-800.png?Expires=1728297694&Signature=0W4zCY6JKWMNHd6aEJGxM~-D4Uw9hDSvV09ixovWptJhTAQzYBTh4V9SmzYVjxY3JUCfTdm~FxAsOfkbsYd8BJAzoxsIEr3ykk4X3PnaU-6fPDfQ5IOMBG5Vd5eFZEFQJsE-yoIRQzs-9L~BZrXNayWOMi-yMR~1Mkx6yj-B8Y1vWHsAiwo-UZwI5QVaRZaGzlQZ2SLwzmX57B0ucel~M2IAiIGvM4EFKZth6T~XoLgtnc8PmhIr2itcxawlvm1XRrcfgYlDRDSYu-ZG25fmiOq4BmoGac-LtKNhuwCusJTrNlpKcUN7iLVnZ0gb7UcJoyDSuwtkzh3sSQmmsfp0-Q__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Intra-day: Bullish above 1.2710.
Pivot point:
1.2710
Trading strategy:
Above 1.2710, bullish targets are 1.2760 and 1.2780.
Alternative strategy:
Below 1.2710, bearish targets are 1.2695 and 1.2680.
Technical commentary:
The RSI technical indicator lacks downward momentum.
![2c073d8032be4c5f9c2c2d470d86fae1745](https://production-app-asset.traderknows.com/images/0d78eb86a32b4a56b1f35ea5e70e03f4.width-800.png?Expires=1728297694&Signature=ctos0WYN6AjovvOtl9z6U6ysQusf4ld1GHggo~6XEk2S2FZQhBWm~bZsFgeb~1q7SpZrIIDP0NrEfm1AzwX7TozsDNDw18y3bI9AdXGidKpvK6jvhi9M~7ViRC-GY4VUNxZ7jO3amK1y5yNV1KXjEe0qBuHtDnrH6jB1ylI~onQgZpM1ni68vI0mmm4Jyx3u30067Zp0QrYuRJRBNABPdiF5BDevMt5kUSAuAiCt2L1oMJASOuQ1JkDlTvfeAY2iDfoucdPDrfZd-JUK3fZX9455lQZE1ISnsN1Bylo9ZZ7cladPvb3jxsODXhkMY2WssI6D7dPr7Mm-0GnF2BKo8w__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Intra-day: Gradual decline, targeting 168.96 if 170.71 caps the upside.
Pivot point: 170.71
Trading strategy:
Gradual decline, targeting 168.96 if 170.71 caps the upside.
Alternative strategy:
A break above 170.71 will lead to further gains, targeting 171.36 and 171.75.
Technical commentary:
The RSI is below 50. The MACD is bullish but below its signal line. Additionally, the price is below its 20-day moving average (170.27) but above its 50-day moving average (170.05).
![2c073d8032be4c5f9c2c2d470d86fae11021](https://production-app-asset.traderknows.com/images/969deb5175b2477fb6bce2bfae68c07b.width-800.png?Expires=1728297694&Signature=C6dPvp9JPMbVagxdLy5x9cimkx5EIWD4in6BTu-Iv64o-rLO442Iy47GV6xh1bTy9FS9XBpagd4bQE-Kx0aVSXiqNNYuF7UzxZfczklUoR3KNLdee2TLXZTaukKBXhdo~ebO9prX11iJFhGAH~W-vbEV6v2cJnJ8~Ue4Z2hxfptkXypSBJyc7JQpUJs6bCtHlDawTKe2LymERP2YP-fFwB3PZQEmxVr5fvG30Qu5U9FV1RDk0d3ykS2n~4ZfBhuR71T44AJIKCirk21KVnUpywBwsabo9jG7hEaMus3k0qfd29FdXLHadBzWEEireI1WhF204VHn18L73O6EEJTCaA__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Intra-day: Bearish below 0.8526.
Pivot point: 0.8526
Trading strategy:
Bearish below 0.8526.
Alternative strategy:
Above 0.8526, targets are 0.8537 and 0.8544.
Technical commentary:
The RSI is below the neutral zone of 50. The MACD is below its signal line and bearish. Additionally, the price is below its 20- and 50-day moving averages (0.8517 and 0.8518, respectively).
![2c073d8032be4c5f9c2c2d470d86fae11251](https://production-app-asset.traderknows.com/images/0e95ae0bb32b4db9bad1d9e14cd39bc4.width-800.png?Expires=1728297694&Signature=ydu9SLBTf3GTU9ifR~eoV388heOaDc44efNqNV~I0tZ5TVVH5y5D8S2BJ~9h18L~LfCH9wrsqdvjpNlw9cKHys7AOy3r1ZU20YKSIOUqUKY1MJXIns3t734eKTfZ-2QNZXy3MhmskXN3pHtEcx-pEd16HD522im5yLUYL~RC1wuKoDzi6ypP6yGzeoEm2w1AOa-7v2DEdkb041sOjQwTbkjBcoR3lvjcAzXu0t5zTlovqg1bk8gasljAKxZHTPdkLqN-~7Mtat86uftrqwvfLvaxpgCbhiuv~DdONAjThagbDxBLV~ubOd8zyJ1A9J9~yOfiy0w0zIy8rQjYkmXiQg__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Intra-day: Key short-term resistance at 0.9160.
Pivot point:
0.9160
Trading strategy:
Below 0.9160, bearish targets are 0.9125 and 0.9110.
Alternative strategy:
Above 0.9160, bullish targets are 0.9175 and 0.9190.
Technical commentary:
As long as the resistance at 0.9160 persists, there is a bearish trend in price movements.
![2c073d8032be4c5f9c2c2d470d86fae11443](https://production-app-asset.traderknows.com/images/90723ecab2c74356abf2c177b642c0da.width-800.png?Expires=1728297694&Signature=PTHnWgq2MK2nXpID8mzbpPGvx1BHoBqNl6qdFZQFK-w8XxKkky9Pp-LRflO3M-K9LTfyYFqvmLyxPkL5zsk50MHc71hxIbw3ebqQ5gT-v15kY3H-y768Tn~EdL9YQ7O~J7ts8H5JS5nKvdz0O9Yoieo5Iz-J9nZR8UQdas1Qn-m-WbKUgw~qRyTIa82xUTrvWdFjpMiaL4YwZ0g8zocwL9sgG6oUd5rpvN~ENr5X8HIt-nejhT0Tn29-gEjS7E-XhsFuZTa2JO21PL2DGhERQgLXyIgvQlQnAUUHSb1vRQA6vUOdTxDw8nO~mogzQDr6v28aQTrAmuVE9nXxPcsC0w__&Key-Pair-Id=K3LHBTUA5A7KEY)
German DAX Index Futures (Eurex) (M4) Intra-day: No significant trend.
Pivot point:
18785.00
Trading strategy:
Below 18785.00, bearish targets are 18690.00 and 18639.00.
Alternative strategy:
Above 18785.00, bullish targets are 18833.00 and 18887.00.
Technical commentary:
As long as the resistance at 18785.00 persists, there is a bearish trend in price movements.
![2c073d8032be4c5f9c2c2d470d86fae11662](https://production-app-asset.traderknows.com/images/06f6bed17dec4442857b79446bc2c0a1.width-800.png?Expires=1728297694&Signature=H-bRaqC0xXmo7WxgrnyWUWfQU3bNIlsV02iF5IsdxNDS47H-biXJW~mP8rxAF-OsMaXFzZ3shy2a6YJkzGyGqMJy6z~Vug9yUwG7sOtfkI1uRxSIi3~MBBpqbNjXszbvHOijXMXdMwCnT4VLe38AqmF327X~glGQYEqbffhdKon4QGXTD4j19dwlfB7qGjRiagL8zsEv2oRkJT6GFs43WPZNlVmzj6RD3iE9UHSFgi3ko6KV4DX5WwBw5u-yZ88FlxzaM6lr~LvgVAgDeR9-H1N2-jyZfERSaB4TwuH5-9PgVEfuVUuKF8oFFrA9YFLfl4dx1mz-8DFFFolTRKSioA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude Oil (ICE) (Q4) Intra-day: Uptrend.
Pivot point:
81.45
Trading strategy:
Above 81.45, bullish targets are 82.30 and 82.70.
Alternative strategy:
Below 81.45, bearish targets are 81.00 and 80.70.
Technical commentary:
RSI is bullish with room for further gains.
![2c073d8032be4c5f9c2c2d470d86fae11841](https://production-app-asset.traderknows.com/images/8b8ac80ed08f485a8896ddeb63dbe0fb.width-800.png?Expires=1728297694&Signature=04IEDNrXx-WPgJlVDYIf8SdQ1kvRJerUS7D6Zq13zBj~cbTPEYyHA9CuJONH~ZsmYjLYOqPjqTulPzYY4axxk8iTYA3hFSAPxbefKFg5SdvB5IZmZIPd6KEzGOcffnFNUPEo2GXuy7SkRX5-wiVttvVurcnIhfBzf2h8zGUATEangNoo1pzlxF1IVQdHSJXD07tZs4txPzJwddzvkZN9UagD~PxmG7Fn0DEyXvaTe28rZnpSKnLB~sVh2x3R9zClUjWsDWdd7SJo5qxwRIwpJUhGP7MufK7WyTCyZTCYyEAHwCy~rVpk2nbHKHt1O6b32FdQvNRZSbhxNgkgsg65Wg__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Intra-day: Key short-term resistance at 8365.00.
Pivot point:
8365.00
Trading strategy:
Below 8365.00, bearish targets are 8300.00 and 8260.00.
Alternative strategy:
Above 8365.00, bullish targets are 8400.00 and 8427.00.
Technical commentary:
RSI is near the neutral zone of 50%.
![2c073d8032be4c5f9c2c2d470d86fae12033](https://production-app-asset.traderknows.com/images/8b72136424cb442994c0da95f146bf11.width-800.png?Expires=1728297694&Signature=oJGBnjJmDjx7bmm28R3loUhLQ-PU1i3MaArMbnQU4lhJWG4oa1W2fvmk2vVdWMv2FhPQPy-9X337Bdvw7For~5dFhMDai045QDIUEbH9GAmo~hfCjN5m8Ez4oHGvosF40gvYwx1FZO5OiYn~Y4JCYm~xl2zufey0dSC6pu30I7UMXY~IsyTsjnHnQuK85j-bQWIqEj7m7M8-4Srf8bCkjjrx95HdfSG8crjJbuBQH4rnAe-~WR8nYUgTR5FJEyECAKulSkM39IDgyJRF0Sh87R7s8DIh42vICXiSHx8UPr3vo1WkVlUnG9kVOD9~njIqPajmYQlg~zIr-mfsza7E8g__&Key-Pair-Id=K3LHBTUA5A7KEY)