View the market perspectives today from the global research department of 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 Futures (Eurex) Brent crude (ICE) UK FTSE 100 Index Futures
Please note: Due to market volatility, prices may have crossed key positions, rendering strategies ineffective.
EUR/USD Today: Further rise.
Pivot point:
1.0805
Trading strategy:
Above 1.0805, bullish, target prices at 1.0860 and then 1.0880.
Alternative strategy:
Below 1.0805, bearish, target prices at 1.0785 and then 1.0760.
Technical commentary:
RSI indicator shows an ongoing upward trend.
![432941f2-d2c3-49bc-9176-2d8bc7161627](https://production-app-asset.traderknows.com/images/3f4e6081503a46da92b19781d33cc7bb.width-800.jpg?Expires=1728297156&Signature=YZhSk0IDTKB7z~MQtqqqhbmRFEzhrGB0erEIoSxuhZs-uWXYoGoAKdjk3e008V2Rnsp1IMucTLz-UY1J7GlO1KKmJTjXX3Lc2tJc2NbXDcPlZHwQVk8afwsaOal2ZMR5suAv7SUOkFaeZE1S3H~8xOiIyYIKtnwXruJ0NV-OSarNoIQndpa~GoP~8QdZWh7czhTG5dB5cOH1f58vOg40oHq2jXokQzaOxuMg9dWON6NT4TYcBPY1w--tAjml3Mxp0oHdCGRzHnbWWYgLKyF-RIY5k9f7y4z3aB2J0XL0JYPyIgo1ABw2howp45ak29neEw5qYXZOUUovNYM2radSTQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
Spot gold Today: Target at 2332.00.
Pivot point:
2277.00
Trading strategy:
Above 2277.00, bullish, target prices at 2320.00 and then 2332.00.
Alternative strategy:
Below 2277.00, bearish, target prices at 2265.00 and then 2252.00.
Technical commentary:
RSI indicator has a complicated running trend, leaning towards an uptrend.
![img_v3_029n_e13071b8-15b7-4af1-abaa-06452972856g](https://production-app-asset.traderknows.com/images/40076e540b93466898e42836cd696519.width-800.jpg?Expires=1728297156&Signature=sqTc9vAXSnxa2R~I-~JYhVOAkj-50iE8qkFHkYknYVpZroFjkEDUaaKdI2oQnBPnkyxwLdthv5~oVOAGaM2p7hPl8xd8Sn5K6a~Qn~-VUcOHIycjaaFWKuZ8H-kVmqD4Lf6nlWgKrraaaoGlaJhHsf9mbtvUazOJWN4jKD9pRRi-Ptn-t~cHlsUyygbBPNmk52yK6b0Dr~CQJghiNnHAUSlQBVQKV5-kjshPHb1aYQLXvr3BDcKZS7Kj6G0nO3DWgbaK0cZ~uvtddnK8X6eH~PTBUpKRzk-CXEm0a3aQOTtxW~R8~ymJQ~29ucKB~MHdo7Wqye8KFpytubs3F9ghEg__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Today: Upward trend.
Pivot point:
1.2620
Trading strategy:
Above 1.2620, bullish, target prices at 1.2670 and then 1.2690.
Alternative strategy:
Below 1.2620, bearish, target prices at 1.2600 and then 1.2580.
Technical commentary:
RSI indicator trending upwards.
![afcf593d-aed3-4f0e-bb66-e4b660b69322](https://production-app-asset.traderknows.com/images/408f250a01b84f0d95d7026c77d4c2f6.width-800.jpg?Expires=1728297156&Signature=UpiO2poVT8vrt5oBNr916ep7FYenAMAUtfE5jOs-vJ1fAcU30yHTIj7jw0qo37hOopyfOwxhZzaJZ6YFywAd6w1bppKIpnviT4KjOOJyseA9lydxqeFh8RbXUxmqz4EI~1IT21c0WeNeUzq1pFBX53b2cOAaMMraA5vD54hmJmPk45MmH9OTdsQA~wmthV0bxfD0kG5h-We7q9HSxBvz338lCI29MeR0g~~m8u3fVtQHMq2lYrnClQbumetw2rS~GcHFUg5bfBgNeCXUJCq47nKxH9St~xDmWzDH4kkWFQNL4VKgBCOObRE3mP7LaWTGBZ1OT-6tvSHoMa91JaitTQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Today: Bullish, with 164.08 as the support, targeting 165.30.
Pivot point:
164.08
Trading strategy:
Bullish, with 164.08 as the support, targeting 165.30.
Alternative strategy:
If it falls below 164.08, EUR/JPY targets are set at 163.62 and 163.34.
Technical commentary:
The RSI indicator above 70 may indicate a sustained upward trend or an overbought condition needing technical adjustment. By comparing the trends between RSI and price positions, one can observe if there's a technical divergence. The MACD indicator is above its signal line indicating bullish sentiment. Moreover, prices are above their 20-day and 50-day moving averages (currently at 164.35 and 163.94).
![1cfe2acf-65df-410d-89e8-efa3c8d96c71](https://production-app-asset.traderknows.com/images/9cb818327d294e2a95b8f4fb96c0ccf6.width-800.jpg?Expires=1728297156&Signature=RMvMcQjkOAHzzid3gzSWf9k-tolSveKqQfeKzz7LRgFqRroIBzNEnSfYWKNV~nYFs6cP4QwW0MUvE~RmOKNdljLpIB3~PRMV00wsiSh8Gs2afbvL5lggx9dd3Jo1bj3kHSZMRjcMy6jhPZMcPPtwCQ8QhsGGHH7H02Ken6YizxhMa~vSJXYRauwkGg4Dz9owCKQh5O1ormWRbM2ZWYwBoyXV8jN~ZAHrXgrGIHbaIF95JXsN5ji-6U4YB1F-zarPeSmlB3WdtKCCu8w6bz5YH1iePcKZj9Dpo1b3zRgMDpVqzXs5OZZ4sqrHm2l8wiLvN67Jx1x2TM0B33YoU-K23A__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Today: Bullish, with 0.8560 as the support.
Pivot point:
0.8560
Trading strategy:
Bullish, with 0.8560 as the support.
Alternative strategy:
A downward break of 0.8560 will indicate a continuing downtrend, with target prices at 0.8550 and then 0.8544.
Technical commentary:
The RSI indicator is above the neutral 50 area. The MACD indicator is above its signal line indicating bullish sentiment. Additionally, prices are higher than their 20-day and 50-day moving averages (at 0.8566 and 0.8567 respectively).
![9652f055-c7c5-4258-bf33-6a8120322733](https://production-app-asset.traderknows.com/images/3a55dff25a0a428a87affad954fcf0a0.width-800.jpg?Expires=1728297156&Signature=ss4H6SJ3m7Wz-jCdDeEsaThp~zuIQhRE4X4WMMdbFKi9m1ntLEARdDUyduCOoUwANgxfoWCXe7aKk8DvtyCHD8~sKY~ImvuWSd9nnCZh2rOcUqHpBJv329syvvYjJ2zA52txwsqlIS3odzzO7975GTNbDcx3HHlc3i~-QGsVoOa5pNPEpeGU~pxqZwXGzwD7i0jgZT6ADagpQdQNuO6R2mYu3kTRoFaTcERgKQnYfznDY3v6MPTN25-EWiGxUFEjaWV3WzoB8b3WiEBJ89R2EdDsNdGMz4Y~XBD20v98MwOx42pxwH~Pg85F-k3yKleuSrXbNJOJU1y8nG3qkru8uA__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Today: Under pressure.
Pivot point:
0.9050
Trading strategy:
Below 0.9050, bearish, target prices at 0.9015 and then 0.9000.
Alternative strategy:
Above 0.9050, bullish, target prices at 0.9065 and then 0.9080.
Technical commentary:
As long as the resistance at 0.9050 is not breached, there's a high risk of falling below 0.9015.
![e29716d9-a5b4-4906-b907-27f1a12d7afc](https://production-app-asset.traderknows.com/images/711b384353f749d5a3e5a56203798cf5.width-800.jpg?Expires=1728297156&Signature=NrhLY9EsFU9eaBkpPCGMPLNtkz812U4LWEyS7P84bDIZ-cFYQSnfkY4MInVYyGL-qA26bixMtUcV3dUU30P1kHNnMphFivNikAUAdsiHVlpyKn5NVeurNAgYYLl0QtStqyee4XXrpOotro7L55Xo9FZxZar0iPqlbUVDZYVgNTaUH3e1V2lmpdiM63MuKqtUrxfuaKBRIPMsiWGjtOQNv18gOi9OvW1tU8K0GZd~28g5klBhmdmM~g20IU9~ogIoszF7qgqL~H1Yt~45VijkvVriPpXilNEm3ABwkLpEvJ-h5V5xbytkvcrYrTVWaPXA6MqbuBaM8i--ulfH~DYPYw__&Key-Pair-Id=K3LHBTUA5A7KEY)
Germany DAX Futures (Eurex) (M4) Today: No clear trend.
Pivot point:
18625.00
Trading strategy:
Below 18625.00, bearish, target prices at 18460.00 and then 18400.00.
Alternative strategy:
Above 18625.00, bullish, target prices at 18675.00 and then 18730.00.
Technical commentary:
The RSI indicator has a complicated running trend.
![c188469d-10d7-4037-9b55-3096a3c01365](https://production-app-asset.traderknows.com/images/a7ce034c786041eb8c5e1050da78a538.width-800.jpg?Expires=1728297156&Signature=FyymdSTlqjiu8455s3F43SMSneaTd8hNn2XXSl2VNOBSopuewC6se8f~G58zx8H3XA2hwLPWCQ5QWhWfCLOHE8tC7WaalmqaGb02lklBqbOZhDChWuRoel2g~1uGulJxVQsyBWncyozuwjo~wIDTnKML8~FkFBoR2UNGtezgCdgbXbCUDcDjMi5Kf4wG7iIN9QXDHVmX~GNJKqMkvB0eLGatW8j7s4z6tBes57Z~Qy4F368l54yRf-vWB4g5oGdlQgzvJ5OomgYWQuFoZlG-ZyRsOPTTJ4DG8NlMFzMbLsqo2g0pklfTggyI3jyCw5BRx2GhTYHVQtX38ydaGAeWXA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent crude (ICE) (M4) Today: Bullish above 89.15.
Pivot point:
89.15
Trading strategy:
Above 89.15, bullish, target prices at 90.00 and then 90.60.
Alternative strategy:
Below 89.15, bearish, target prices at 88.65 and then 88.10.
Technical commentary:
From a technical perspective, the RSI indicator is above the neutral 50% area.
![612a175e-d864-4264-837f-719e50c8e6b4](https://production-app-asset.traderknows.com/images/eaf69abdef384cb796f54969fa19dbdf.width-800.jpg?Expires=1728297156&Signature=d2KLgkIlEyRSp4MPEhNPBruiOyAm6j2KO1DGD~nVccdWsvUN7KBQpV3MqLF3-OoT569ixgBJAMG7FtBhKYHvWBtDYxXAG1zflMPcGoPSR-ZXFdNExLwqLD-mg-TSDKyBr0kz2YGmqXcSoxAPVuFyhHx6b5iyVBgrEkIc1c1mpV6PGDvaVdueZx~FXSp3wcqHILjqVDmf4slPyyKVn6mZcdn1vg945Dt3DS~uyLRK1DDiN5ByJ6NclU1pJjqwqUNRtiUiqKg5KTlB-bbw~Py32nhDea3JI9aOgnyw5EuO1~3CezMZm5PuGrcfyKrxVyDo06ysDe7~LIVYtggNaYftOQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Today: Short-term key resistance at 7949.00.
Pivot point:
7949.00
Trading strategy:
Below 7949.00, bearish, target prices at 7895.00 and then 7870.00.
Alternative strategy:
Above 7949.00, bullish, target prices at 7969.00 and then 7987.00.
Technical commentary:
The RSI indicator is bearish with further downside potential.
![a7b5fcb5-c757-4a78-9b0a-dd45e579d049](https://production-app-asset.traderknows.com/images/92478285b57a4109ab3397d3db5ac40c.width-800.jpg?Expires=1728297156&Signature=McMtzGR9MJP-McBSRuACAFg04xp9TVq6X~g6cMz8N1fMLeu779w-3GbE3~c4KI3xr297KRMK5WKzU-gp17AGSCoV1~cFwnKRnFWx7s~og758caN1tV3q0YRUobmwVJn7Z0cv1NNrk5icWa~PUaU3So87fsF0C40T0rGuPzjpAvUt5Pdq~1K~4K7mI41jzKIb8Mml6HYYiYWAtDyFnZAg6atvmAeaTF5dT6xtaLE1Piays~LEkYn8Ehj9k6qHrh~X3-HKgUXEvfIQ5h-GO~X~sBQeaXeKpTl-t4B0Mr1ZilpNM~L31mbJ9EyRPQRYXl7NkkMdlZUnNd7OHLqy4sCX-g__&Key-Pair-Id=K3LHBTUA5A7KEY)