Explore new trading methods and opportunities from popular trading products in the daily market view of the Global Research Department of the trading center.
EUR/USD GBP/USD Spot Gold EUR/JPY EUR/GBP USD/CHF Germany DAX Index Futures (Eurex) Brent Crude (ICE) FTSE 100 Index Futures
Friendly reminder: Due to market fluctuations, prices may have passed key points, rendering strategies ineffective.
Spot Gold Within the day: Further rise.
Pivot point:
2139.00
Trading strategy:
Above 2139.00, bullish with target prices at 2170.00, followed by 2180.00.
Alternative strategy:
Below 2139.00, bearish with target prices set at 2130.00, followed by 2120.00.
Technical commentary:
Its immediate trend maintains upward, with strong momentum.
GBP/USD Within the day: Supported by an upward trend line.
Pivot point:
1.2705
Trading strategy:
Above 1.2705, bullish with target prices at 1.2760, followed by 1.2780.
Alternative strategy:
Below 1.2705, bearish with target prices set at 1.2690, followed by 1.2670.
Technical commentary:
RSI technical indicator shows a complex operation trend, leaning towards an increase.
EUR/USD Within the day: Uptrend.
Pivot point:
1.0880
Trading strategy:
Above 1.0880, bullish with target prices at 1.0915, followed by 1.0930.
Alternative strategy:
Below 1.0880, bearish with target prices set at 1.0865, followed by 1.0850.
Technical commentary:
RSI technical indicator shows a complex operation trend, leaning towards an increase.
EUR/JPY Within the day: Gradually declining, with 163.07 as a barrier for upward movement and 161.96 as the target.
Pivot point at:
163.07
Trading strategy:
Gradually declining, with 163.07 as a barrier for upward movement and 161.96 as the target.
Alternative strategy:
If breaking through 163.07, EUR/JPY targets 163.48 and 163.72.
Technical commentary:
RSI technical indicator below 50. MACD technical indicator shows a bullish state and is below its signal line. Additionally, the price is below its 20-day moving average (162.75) but above its 50-day moving average (162.74).
EUR/GBP Within the day: Bullish, with 0.8550 as the support level.
0.8550 as the pivot point.
Trading strategy:
Bullish, with 0.8550 as the support level.
Alternative strategy:
If falling below 0.8550, EUR/GBP target direction is set at 0.8540 and 0.8534.
Technical commentary:
RSI technical indicator greater than the neutral area 50. MACD technical indicator shows a bullish state and is above its signal line. Moreover, the price is above its 20-day and 50-day moving averages (located at 0.8555 and 0.8549, respectively). Finally, the price breaks through the upper band of its Bollinger bands (located at 0.8561).
USD/CHF Within the day: Adjustment.
Pivot point:
0.8840
Trading strategy:
Below 0.8840, bearish with target prices at 0.8800, followed by 0.8780.
Alternative strategy:
Above 0.8840, bullish with target prices set at 0.8855, followed by 0.8865.
Technical commentary:
RSI technical indicator shows a complex operation trend, leaning towards a decline.
Germany DAX Index Futures (Eurex) (H4) Within the day: No notable change in trend.
Pivot point:
17655.00
Trading strategy:
Above 17655.00, bullish with target prices at 17775.00, followed by 17817.00.
Alternative strategy:
Below 17655.00, bearish with target prices set at 17618.00, followed by 17576.00.
Technical commentary:
A support base around 17655.00 will bring short-term stability in the trend.
Brent Crude (ICE) (K4) Within the day: Under pressure.
Pivot point:
83.45
Trading strategy:
Below 83.45, bearish with target prices at 82.50, followed by 82.10.
Alternative strategy:
Above 83.45, bullish with target prices set at 84.00, followed by 84.50.
Technical commentary:
RSI technical indicator is bearish, with room for further decline.
FTSE 100 Index Futures Within the day: Bullish above 7605.00.
Pivot point:
7605.00
Trading strategy:
Above 7605.00, bullish with target prices at 7664.00, followed by 7678.00.
Alternative strategy:
Below 7605.00, bearish with target prices set at 7575.00, followed by 7554.00.
Technical commentary:
RSI technical indicator is bullish, with a further upwards trend.
