Check out today's market insights 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 Germany DAX Index Futures (Eurex) Brent Crude (ICE) UK FTSE 100 Index Futures
Kind Reminder: Due to market volatility, prices may have already moved past key points, rendering strategies ineffective.
Spot Gold Within the day: Bullish.
Pivot Point:
2319.00
Trading Strategy:
Above 2319.00, target levels at 2344.00, then 2355.00.
Alternative Strategy:
Below 2319.00, bearish with target levels at 2313.00, then 2305.00.
Technical Comment:
The RSI indicator shows a further upward trend.
![87cbadef79924af09a9bdf6e991b3037375](https://production-app-asset.traderknows.com/images/5d0eb0d1e023476b88fdab252430b8d5.width-800.png?Expires=1728257133&Signature=hsWQcXmnXwB3cutiG8zIQHwrfPM8FaVei1a89z0RznoM8mDjpVxMPHtt9kh83prCfF1JYrxb8k3vrWgTjhHhGDH8FY9JtA4EXxr6znaObS6igjRDdCXdxZzMy6ldaIEqvNQVAKshNyOQlQiX7k6WTy4ETwwfUM5hvPFAscEeQ9oGBuyJ8NQTw93xeNhyACwM3bfpYQWu9I2KxSNKht42KilIy0ySJXjQKiGEMiQ9QJ90Y4aLx~e-dVFwB5nW1gKGb--FTRkfCpPEzpfLvIOpcPF1I0A-im6QzomANtZjGMCGxLTRtUSqLwp1cI0qNQRJl0t9zVa~TIV9tfM9GiKl7w__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Within the day: Ascending trend.
Pivot Point:
1.2475
Trading Strategy:
Above 1.2475, bullish, with a target at 1.2530, then 1.2555.
Alternative Strategy:
Below 1.2475, bearish, with target levels set at 1.2450, then 1.2420.
Technical Comment:
Even though a continued adjustment is not ruled out, it should be limited in time.
![87cbadef79924af09a9bdf6e991b3037561](https://production-app-asset.traderknows.com/images/32e951cb1b9a45c4b95c75d9bb3da9eb.width-800.png?Expires=1728257133&Signature=NgfDz4eYCqFfO2KCyIA~mley6WVUV9axWoLqFo5UMQBx7fEfPqJ~s5gAyKQ6Qw7Yq6hkCNL4wPMWGhnASLnhlFjeNcS5vSb9rqI7A-l6N1fiDZp0F6RqFDjQLiDJcSKw3bJlPszKjoafZaMjqS08Pvwosx97SAzZ1g9u2-BhvEbYYFfdVggaVnsifH-wP7VazFB056d75bV~jNI51LeUNnAxvS8Tw5cSqTTEVcA4c5F3dDAdvvsdKYZ~876VR6XGGviNkUqsRO8ImVsxxvnsnL8KVGkL4f2e5iejV6NepQ2eS1Zu-4PzhUKsTiAX~VzqEeOvYCu~72I-COE6IMJl2A__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/USD Within the day: Ascending trend.
Pivot Point:
1.0710
Trading Strategy:
Above 1.0710, bullish, target levels at 1.0740, then 1.0755.
Alternative Strategy:
Below 1.0710, bearish, target levels at 1.0695, then 1.0675.
Technical Comment:
The RSI indicator is trending upwards.
![87cbadef79924af09a9bdf6e991b3037728](https://production-app-asset.traderknows.com/images/a107e9c157c74b03bb6f91e5ef63435c.width-800.png?Expires=1728257133&Signature=Z-fvYmsUz4Sq8qSi1gg2XH2O2VcuRZuMLYCU5aTzc7UR2X73SedbZmddPlXbRDpLwrvcf6hR7nACv20qdBuduYPHoIGtV9yBtJJUXb-a4vWzoiuO39~91dJJAhP8TKNHGqDULicl~ijNjVSwRDOCjlNX46b99QcA16l2-AXFPE3KSCe6ySdv-wTMOnbjmOO4p0McV0qvBO80jZKgfi3VncFA2HenLTyABZ6hH-LLtrT3grMoXX1O~j3lVBuOe8Y0THHM20kJYjI3nqOIF5BbZG-Lfz4Sf2ntXXoFJIghkDgWneo7GLG3EDwbJp-suG7h1Y9Cdwp9Qa5BPB7o86Ssdg__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Within the day: Bullish with 166.87 as the support level.
Pivot Point set at:
166.87
Trading Strategy:
Bullish with 166.87 as the support level.
Alternative Strategy:
If it falls below 166.87, target EUR/JPY direction at 166.44 and 166.19.
Technical Comment :
The RSI indicator is above the neutral zone of 50. The MACD indicator is bullish and above its signal line. Moreover, the price is above its 20-day and 50-day moving averages (currently at 166.96 and 166.84). Finally, the stock price is currently above the upper Bollinger band (positioned at 167.18).
![87cbadef79924af09a9bdf6e991b3037998](https://production-app-asset.traderknows.com/images/d05ec0a59700483da576948196269a87.width-800.png?Expires=1728257133&Signature=rKQThvtXazAj--mk5ZPK8bTotbSQPtP7j2HdgO2LpwNlQb66MUDPRCu~G5s7EBFSurEGz1WY2TTtXPR6HqhNf2JrntgOVZShmuVAPOOg6WpwqM5mYloS3bxTMP0J3tHLmKsiSRSNp06sQFKkxewhSd3V7EY-nE4mjMXlxvMjH1j0YvFEYTtk9E2Kbx~c-aw~DDOxKelfRzfQtcI1Y4nzPGpVKSL1JHq7tTm15d~7JVcxv-YTAnJuCZeVdxvlTYSC0qOsDEHQwDENzDjGpF0XSXYNDJWsn53v8BfsSPBFrt8pimdYoArdgA-ZWyT6ZLtWCy4n4ZuHsE4D6XyBJILqaw__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Within the day: Bullish with 0.8569 as the support level.
Pivot point at:
0.8569
Trading Strategy:
Bullish with 0.8569 as the support level.
Alternative Strategy:
If it falls below 0.8569, target EUR/GBP direction at 0.8558 and 0.8552.
Technical Comment :
The RSI indicator is above the neutral zone of 50. The MACD indicator is bullish and above its signal line. Moreover, the price is above its 20-day and 50-day moving averages (currently at 0.8576 and 0.8576).
![87cbadef79924af09a9bdf6e991b30371232](https://production-app-asset.traderknows.com/images/2982961d8b1a43f3bf7a2a3d9e478ede.width-800.png?Expires=1728257133&Signature=wnF8s0QoqkMLT2RncgdcWdR71NgqjrkgUrwgFpHirAjfGYSFmJfb~-35~tvete~TrUEVL~YlLSb5Easzsix~PGcUtrAq3b8gmCJ8SGMpeBw-s68XtaRPUc94uBkIu1LHAfdkBvfX-X5Xf~XE0zWqDSHjMYwHidBKnYHy3EiQs2jaGzJFngW20WHEW0lYAb1YMfVsQSjeFBHeO~Ecj7kkaQpVmRia3gzYM-QQkWwYv1yOcISpQwaX1kT9OOuvzn1Gh9TxKDvoQLFHLa-SROnjxIdOt66Y2YmC~VR4YQ1JeHNJSSwcHsutVvuTYVLxo-HEJzlZlCuVnvz2tpllyMfupg__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Within the day: Short-term key resistance at 0.9140.
Pivot Point:
0.9140
Trading Strategy:
Below 0.9140, bearish, target levels at 0.9115, then 0.9100.
Alternative Strategy:
Above 0.9140, bullish, target levels at 0.9155, then 0.9170.
Technical Comment:
As long as the 0.9140 resistance level is not breached, the risk of falling below 0.9115 is high.
![87cbadef79924af09a9bdf6e991b30371428](https://production-app-asset.traderknows.com/images/95379a6b4fef43daa72559d123ee5f36.width-800.png?Expires=1728257133&Signature=NmjY~fEw5uMieHQP7gwWyxLn0bLDP6Gpbi8JYp2qhLg-OaxUrMgXQlvCtAzbKi2eWdPfLNEQO0ZzqxG1-LK2Rr2KxgNX8EOGUsh4ib74yyCi4PkQ97G389~u90tIeX~-VRyXgSK~3zcW4wN4vlqOUGgxzW7Tn98-m3fYwbGMcb9j1HSR92NHH428Mg6j-albxERSOF962jfteLwZj714dD-1EJgAw8qAzs8hPmOTZDTka9J3ju75r0aQysswln~UMETKn5ZbbYS-mi5UWybzUyxI4QoPQnn~IycZEqJcmgp1Ysr60uxn2zJ5Dq8Dhuiu1xlunu16ZfZq8l9pvJjlUg__&Key-Pair-Id=K3LHBTUA5A7KEY)
Germany DAX Index Futures (Eurex) (M4) Within the day: Adjustment.
Pivot Point:
18065.00
Trading Strategy:
Above 18065.00, bullish, target levels at 18300.00, then 18389.00.
Alternative Strategy:
Below 18065.00, bearish, target levels at 17965.00, then 17870.00.
Technical Comment:
The RSI indicator lacks downward momentum
![87cbadef79924af09a9bdf6e991b30371629](https://production-app-asset.traderknows.com/images/727667728983425f9844f5159d0912cf.width-800.png?Expires=1728257133&Signature=JlwZPwz6folOlSla6qc4YB5V-M6oehK6~vO33NJGJgNjY3eeiDmmzHAe8fRfeN6dd5dlNqLdPr0Xk4empg8t8PhXRJRg-Ea54v~buu1PAqgVx62kmKqyQmMX3eF3qBZauQ-AB2wsiwfRwJE3LHMb7gxeT9A0x~nbEv-A0Va43ar3DAssEVzUiFqGlbF2xjT0EK~H1Ybe85YGTtafwGh~Gz~i5lmNJkGTld~4lNroTw8~DlwMSAJsUQMbSruLVxO6B2gc5pXEJdsTRM0OaGaUjOSxFNKEWvGK9fuZ8hIfPmdCzGvO9ahsupxJLnNGcexqf~X5P6UrIsKPpEt2OEKBFA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude (ICE) (M4) Within the day: Heading towards 90.70.
Pivot Point:
88.30
Trading Strategy:
Above 88.30, bullish, target levels at 89.80, then 90.70.
Alternative Strategy:
Below 88.30, bearish, target levels at 87.80, then 87.30.
Technical Comment:
The RSI indicator shows a continuing upward trend.
![87cbadef79924af09a9bdf6e991b30371809](https://production-app-asset.traderknows.com/images/d08a5cbe315f466295ccc4a8f50af407.width-800.png?Expires=1728257133&Signature=LjBpFV0I59mEDhnF7OXPnyIK2bAPTL0kjDUOZ7oqsuND1nBx2MysWXNyYKKr8uiigud1bexuJjByqVOPyVVm0djh2TWu1TmZ0waWIlLFPhxF8ydjiHEsSSciJWAcM6McTHrtvZSAwhstC6P37DKMNmlmn2IsHWbWK7qasjOLiUFXnSBb3FX6bTJkQsA~5HkYlOAxp3o3bOp7xzdoQ4PCNvvtj9E3nQm1uk-n-CAU8RphZHEaI~0ZzNHzIxUlbDGZtlPdT3XRMCVNwibnFyJ-eLrrJbg6NhPlb7Thpswnst0jm6pOdyGcxxK7NO73D-EbcQEPTVp5dXj~F3g-tY1sbA__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Within the day: Bullish.
Pivot Point:
8028.00
Trading Strategy:
Above 8028.00, bullish, target levels at 8135.00, then 8190.00.
Alternative Strategy:
Below 8028.00, bearish, target levels at 7985.00, then 7944.00.
Technical Comment:
The RSI indicator is bullish with a further upward trend.
![87cbadef79924af09a9bdf6e991b30371986](https://production-app-asset.traderknows.com/images/4faf47596aec46f48c29cb912ab2324a.width-800.png?Expires=1728257133&Signature=IIxG7hASXy6BE-j~2h0fgJFAgqZ65VIn8S0bDVbDGAmSgd8GnbycTMCidoUF4BOLJKoVBCJtXZO-6yfrEWquiY~jWkCU2oOwq1eTjz1n7ITxP6MBMO8h1SJGw9dp33XtcIq4~zn8bnKaMdiqZI0Z2QO0rL2PvNHC~8FpOg94JkFZcd6dPbUF8q5ADgXRADfDmFd04hp573yWPrs-62X7x0nqF0sczx5Dh4nVGvxxht7etQCw5~ThLD2Vfnxil3BXbFLIF7iASZEFmLsBWvr9~X~xJm854q8VMyJQRyPS1kSsRWvzKST3uB7jGYPe0hK40xtpc3w5VYfwfmpBkK9D1g__&Key-Pair-Id=K3LHBTUA5A7KEY)