Explore new trading methods and opportunities from popular trading products as you review the market perspective from the Global Research Department at the Trade Center today.
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
Please note: Due to market fluctuations, prices may have moved past key points, rendering strategies ineffective.
EUR/USD Today: Under pressure.
Pivot point:
1.0790
Trading strategy:
Below 1.0790, bearish with target prices at 1.0710, followed by 1.0680.
Alternative strategy:
Above 1.0790, bullish with target prices at 1.0820, followed by 1.0845.
Technical commentary:
As long as the resistance level of 1.0790 is not breached, the risk of falling below 1.0710 is heightened.
![1c157e67-1b41-46db-bf82-2b52b2ba08ee](https://production-app-asset.traderknows.com/images/8f15ace5c1b24c98ae6bfa4df154e166.width-800.jpg?Expires=1728351426&Signature=XHNVepyj4Y-PHaeSlfts-wpoFaR0manzye3cmb8uN8y80FLo3u2pUpD9if-FwOHV0P20iKi9-C76B0q3KOxHYNF6B5wXLr-n0OtptNSd~JItB7HePPeuH6DwS2~rLQmpkdZmPzHVcI7AXfNPs6gm8mI4gzAvkviFktQuLrPKq35o3Lb2SbMiw6SizutWfPkK5-VeCBQjdXG-K96Ac0vO718GPVzTp7FvWKJFYM311SokqjHrrRde~DFQbSFnn2ycE8Bn4AZbpJkzItkBVzClCGcNUcG-wX74xwxDTyxIK-H~HGTgAugvIIrcyqZ-RCxfc~-RUqRhvWP8hYjcyVrtrg__&Key-Pair-Id=K3LHBTUA5A7KEY)
Spot Gold Today: Short-term key resistance level at 2348.00.
Pivot point:
2348.00
Trading strategy:
Below 2348.00, bearish with target prices at 2333.00, followed by 2326.00.
Alternative strategy:
Above 2348.00, bullish with target prices at 2355.00, followed by 2364.00.
Technical commentary:
The upward space may be limited by the resistance level at 2348.00.
![4a1aebd0-f95c-4ca1-a5c9-ad30437d8990](https://production-app-asset.traderknows.com/images/eb7c352f70144742a2ae1ce6175a5820.width-800.jpg?Expires=1728351426&Signature=KJd2jG-nMi7rDOI6Kni5kKfeFqiJuUdqO0VMjg4WfeaRvqn8RjmG3fwmC88osDcN7aaWpXSru~CT7sbbA79jNEj05QHZUGIHLebbqdvuVoAY8Q3bqXG2fhbpIQ0MQV~bw6Vl~QzOc0zC2vFT18XeAZqwZVCAyJUK9De5xtM18iJBpzaCGGcTyxxNZNM3rS6tbX0q1BFTntoWKmtWS8rIdbTrkzDsRDlv~J2cSIeGJCPsz-qZyJwZRf52s-nLIvI8nQrj0BMxCpMpKt4zjAx8P2WUNkUUFxgAwnu2eO4X23Y8cm93qtF~~5SEj5KNhdtePVDUL-WMjUHZtPOeu4jMHw__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Today: Short-term key resistance level at 1.2580.
Pivot point:
1.2580
Trading strategy:
Below 1.2580, bearish with target prices at 1.2510, followed by 1.2480.
Alternative strategy:
Above 1.2580, bullish with target prices at 1.2610, followed by 1.2640.
Technical commentary:
As long as the resistance level of 1.2580 is not breached, the risk of falling below 1.2510 is heightened.
![619eb347-42ad-4943-84b7-c0c73a90287f](https://production-app-asset.traderknows.com/images/12977790a1264f1ab54b0557fbfd16ba.width-800.jpg?Expires=1728351426&Signature=iT7y2nIA~k7KW6C8r2xQ~Gjnk4KGi0MN5~WDSUryRKef3gTxynQSjUu0Qac-anJUn2Vb8FQXQU7G0PZEBIOqsVsQ-D7oVm5Efc9pXW1j-A9fPdZyvqN1BjpRLDHKX6wzSnRNXmDFmstPTQTZDN8t~GBOC6PV~QE0VMYd8UVXRjoG~jZ~XuSXofeG2cXdmveAGbMrpRkPKnQRfJc06c8bedHUEYT~IADyDcGvDrnrZCtLbrJsiGMXyymDkeMntqZLFfC~-NPfheMjg6XPWU4W7h3YgCIkOwhC~Bqbuax-kqnXgFB2G8pcVUhdDUwPnIE8wmdGs9L1z-L69BvMAfLljQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Today: Potential for rise, with a target price at 165.20.
Pivot point set at:
163.91
Trading strategy:
Potential for rise, with a target price at 165.20.
Alternative strategy:
If it falls below 163.91, EUR/JPY target direction is set at 163.44 and 163.16.
Technical commentary:
The RSI technical indicator is below the neutral 50. The MACD technical indicator is above its signal line, indicating bearish sentiment. Additionally, the price is below its 50-day moving average (164.47) but above the 20-day moving average (164.29).
![65a1a475-0797-43dd-a6ff-85d3d7e00b91](https://production-app-asset.traderknows.com/images/8ec3a2bfc50e4996a4477d9071842962.width-800.jpg?Expires=1728351426&Signature=aqHuieZW0TKPuCR7yxd0hhX8TPU2SIlyri4rpbj2JNT3RLjUst4Km1~X4l4TYUcjXt7DbHwYHVPTOPosX3NGAhnuTG1OTUH6AxcINtoz3xSzuz~Z4AqgGgTE2mhFTiuD6SX41Xnatox0cHWUeKu5YE32FRWtydKj4M8O5cOIIuhQeAtb5aOeOVerBK8BpRudq5HeT3OyHa0R74CYs2HVuhPVjU0uHoVizq6xFukWyVt26-lvhPLihLkZRGCz3bYBQ~eKso4AU4yV7e9aUQK3hWvrREmMhLuyu2M1TejpWqVU4KxqU8PVe~Amt58Vzkgltv-kQaWResSXiyn8SaVXxg__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Today: Gradual decline, with 0.8546 as the target when 0.8573 obstructs upward movement.
Pivot point at:
0.8573
Trading strategy:
Gradual decline, with 0.8546 as the target when 0.8573 obstructs upward movement.
Alternative strategy:
A breakout above 0.8573 will lead to a continuing upward trend, with target prices set at 0.8583 and 0.8588.
Technical commentary:
The RSI technical indicator is below 50. The MACD technical indicator is bullish and below its signal line. Additionally, the price is below its 20-day moving average (0.8567) but above its 50-day moving average (0.8562). Lastly, the price has fallen below the lower band of its Bollinger Bands (located at 0.8564).
![f11cb8f3-aa71-4289-bf37-fee5cee7c4c9](https://production-app-asset.traderknows.com/images/f3a44f578a51441b89d3d8891b51df51.width-800.jpg?Expires=1728351426&Signature=pe7oN1upsibHfTbqcQjAQpRKr2tOsCSXDlGnskhP8~4NsWXGRPbBmu1vcLevDw1gnseXv3TD9OYDic~3CHiYczpJpYgoFKt3mfCYUeKsT3g1IM7yR2OG-8o-hzZ5P32emdtoI-dkwc5ImSCPzn~UNDWi-uL~xjonVJuUKCzUb2ZFdHrd7pAsxvo6ccjCF64Alhxfm4TbSndFD9Disnyg~CIn9hEvqYkW7xsoBQNyutZdAQX7iOete9jRKEb6toIc8X903L3YDRKBUWaD0jib-oCfiGjzOSMD7DUrmH-CNgFei1iFh6tCU1rShmtUxOXigfArKTjkvlXW4Y3ePj1~YA__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Today: Upward trend.
Pivot point:
0.9105
Trading strategy:
Above 0.9105, bullish with target prices at 0.9150, followed by 0.9175.
Alternative strategy:
Below 0.9105, bearish with target prices set at 0.9085, followed by 0.9065.
Technical commentary:
Technically, the RSI technical indicator is above the 50% neutral area.
![699f63e8-cce1-4962-af78-437becd92a29](https://production-app-asset.traderknows.com/images/982ae0eeb18e495d906f1ba4411f80fb.width-800.jpg?Expires=1728351426&Signature=QgkSOEuh5LESbjVlD97sGj3l0XdHxkdeN8acvRW~m7WECdALq9jK8QRgYQsqASFLfMHOAOt3oKw1-EyjpsyX4LERuZgF65-I84XaCQCpttdAU9EVVLzEGUwu2~FSKXKX47DQSP1ifJzs9NhA0IjxNmhjxv7YBdWNukHfc7Q-E5L3soVnek3OR~7-6VvKH2nAAt18QAwx8rvqYChqn1CLF3lu8BZcZfPrdxLGLhx8YZgGIEO0B3CDDocyyTxpayXk5Ci7YDa7tXETcy3u6zFjAIoH0xtCiiGpMAEVXz00JzvS~bLlUyz8ICQFdi-vFufO1fAon2pXcPRK9wZKdYsFqQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
Germany DAX Index Futures (Eurex) (M4) Today: Limited upside.
Pivot point:
18280.00
Trading strategy:
Above 18280.00, bullish with target prices at 18475.00, followed by 18580.00.
Alternative strategy:
Below 18280.00, bearish with target prices set at 18185.00, followed by 18110.00.
Technical commentary:
A support base around 18280.00 could bring short-term stability to the trend.
![606ce88a-e346-422f-a13f-22fac10e4126](https://production-app-asset.traderknows.com/images/f578c78b777049a9a09c5eff4260d5d7.width-800.jpg?Expires=1728351426&Signature=nC0UdQD293g-XASmwT3QAwVcdHzxJT6SxOw7Mz8wxo5XDqpGcYO38FGTMoKfGKcaBj04sLDimfdemjePGV24PQn-tBMc36WwLuEZBAFF3dciJtxlfpYA3TZNJNPAo1CzsDZcabBbhWh9X-kRMD0JDnhYAuvxu61AKKlCtnxSQGuPWBuqKmtISm32TSd1HxUE3T~y5efXYg2HZUMXFQ271rZXJ16HJmZRghXcThbkmhxRA1h2ckOsUHjk6KRXSbvadQnEvMpNDza-3Oulz5uUuyocWzhf09tDXRSZnO3rA3~BBEKeou~Lz6Z0-3hVPuDgK8BsmPJhoT4xPd1zB6vWTw__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude (ICE) (M4) Today: Upward trend.
Pivot point:
90.00
Trading strategy:
Above 90.00, bullish with target prices at 91.10, followed by 91.90.
Alternative strategy:
Below 90.00, bearish with target prices set at 89.50, followed by 89.10.
Technical commentary:
The RSI technical indicator shows a continuing upward trend.
![167190c1-4fff-425d-a4c6-34b6326a0f4e](https://production-app-asset.traderknows.com/images/57fe661d8a5a4315b90c4da4871a05d2.width-800.jpg?Expires=1728351426&Signature=A80opKtY19spP0MKLrefMFo2SUMjZCbodGU6OIzaGBb3S-X8q8kp7e~KG5K8d2z-44sWG5eCXEFEauTRYmLTlfGLTU6LIYDs9nvpXHkps-2b9zaSUSTqIeis8CId57rK5dDTDhwgCY1BikFQ06dcLprxnhfs96Faub7oa5aaazsd-kmSraNiN9vxKDf8B7AM9~y-aDeMAiHjnFTWUdf0UNdfodAb10h9jf352n1V~6uH9EzudAQGJZn4LVTE2yO05k1at6FmdJ~JE67qpOly5Vn976VMgh1~5VbOl7K9TC28IYntVvxYHc5thFOmxAeqqC6E3ZQObwXqyBtT1zCmGg__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Today: Bullish.
Pivot point:
7940.00
Trading strategy:
Above 7940.00, bullish with target prices at 8009.00, followed by 8034.00.
Alternative strategy:
Below 7940.00, bearish with target prices set at 7905.00, followed by 7873.00.
Technical commentary:
The RSI technical indicator has a complex running trend.
![c0d08338-0a88-4902-99ff-a4d511227fbd](https://production-app-asset.traderknows.com/images/d64c12197e454231854d267f79d95764.width-800.jpg?Expires=1728351426&Signature=kh~--PWkb5vU~EgmKQWFMJuVHeBiFTMCOTrmDlYFPQjCO2c8qwsbovbrp4xS8CENtRqtcycBdIqT0-XEP0DxdTeN2rY9rq4zO-ECygNc1nMEPqSHSg296BRSbj6p-NoGThFdFDYm4O9TnAls~j3Hb1AJ0F2Zt7KGxSalvt~5nWyDDGe5IGaZQ1T4Ozq5LVM9CYjilWIlwSYC6U1ETucrXYqM58HFZ8bZWIXImxujfZBOTl5qQlcCva9Jlu~HLij6MZqqhGUUY~bW6S3Na9fegRy6yY8dFfN4aTFAAKRlOLN2ErQuRJIW0nZQ1zhJvKVJGtLW1vGf9fhzaMKiBuQmig__&Key-Pair-Id=K3LHBTUA5A7KEY)