View the market perspectives of the Global Research Department at the Trade Center today. Explore new trading methods and opportunities from popular trading products.
EUR/USD, GBP/USD, Spot Gold, EUR/JPY, EUR/GBP, USD/CHF, German DAX Index Futures (Eurex), Brent Crude (ICE), UK FTSE 100 Index Futures
Warm reminder: Due to market fluctuations, prices may have moved past key points, rendering strategies ineffective.
Spot Gold intra-day: Bullish trend.
Pivot point:
2335.00
Trading strategy:
Above 2335.00, bullish, with target prices at 2354.00, then 2364.00.
Alternative strategy:
Below 2335.00, bearish, with target prices at 2326.00, then 2319.00.
Technical commentary:
RSI indicator is bullish, with room for further upside.
![Image 1](https://production-app-asset.traderknows.com/images/262a1855acd442109a7e37fad88b217e.width-800.png?Expires=1727715938&Signature=A4ZAAKSP3FXRMsDtRM3xcwJ6hVsD~E6ThnX94dwIpcR7fYPwXvFTsfSFk28naHQoRF9jIJSJ7ZzBsLFZsQ62ymmHSvrZZPJoiT7yqa~NeLESxOVxeJDZqOgh-Md3WVZ-lqpwSIT5PTMyWIs6~qHpgy2rg2eTVpWpssUXvDMXd56v-uLB06fzRolSMUVkLgVEma1GoTof93-~EVr4ozW7HNoE0BC1gHV89mSV9g~C8-BJavpvofuJtblF9FasMbh1COcelDgLXjJrFHSDMSElbnwSuJFmZqyWz~sMZC7siNiaCVdE5rBbgYyIFFZeoQy69g~Ld9P9MhDRCosGOLQ9FA__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD intra-day: Bullish.
Pivot point:
1.2635
Trading strategy:
Above 1.2635, bullish, with target prices at 1.2670, then 1.2685.
Alternative strategy:
Below 1.2635, bearish, with target prices at 1.2615, then 1.2595.
Technical commentary:
RSI indicator is trending upwards.
![Image 2](https://production-app-asset.traderknows.com/images/759f3c1e5c064061acb0cf551c3cc36f.width-800.png?Expires=1727715938&Signature=ai2qhFp3L6m5MDRHEuPBStVQPy9T4tQNHa~5Gur6GeLdxrkC-HJF1vJEBZt761Dh5aOg69CAKYX1ktTjQ1VBQo~2WO~oS9~8PSc7XBjkPV3a5zgHkYf-BjuF1sqbvrZz6GqPIWzMSUzU0FhcByz2HGA8qmHcS90F1NpMdIgbBUdTIMnZthuU-QAGtdRxj2fB-fVd2nBlHxxE8zOM-v54593ldOdxI-a8uuKPkpLqgmWTh3kgYnV3VhanET7RAbDrYEjnbw-8WbDFPp5uLYKyII7nrYxTd7vF5y2hymNkbreG5Ci4oAQk9H0GscVJRmtmp6PACsbRs~FdqzRTMPC6mA__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/USD intra-day: Bullish above 1.0840.
Pivot point:
1.0840
Trading strategy:
Above 1.0840, bullish, with target prices at 1.0875, then 1.0890.
Alternative strategy:
Below 1.0840, bearish, with target prices at 1.0820, then 1.0800.
Technical commentary:
Even though we can't rule out the possibility of ongoing adjustments, they are expected to be short-lived.
![Image 3](https://production-app-asset.traderknows.com/images/48122cb3c6b9454db71cdf2db1ee68af.width-800.png?Expires=1727715938&Signature=phvjEysyryDaUkE-xpkehUGSIstN6nAY1wb9rBf2Jh8~qku53ydyrWGidCKaUuQm1ORhrmigxcyX-U7d2~hxcGrHQsH0zZ178d9WjmBz5EBZnxMMTG~CdaS5WieXB0fdTd2iHkVwdRDZ2lGXhkRbqm2ZyPyuOEJY~hVYpxZbsxNBLWB6MSmH9nKfzCHCJs0eoajtA4TpzPnL~C7BNPIiGrJNkh7Mg8Hpzz~IGTt-RYnNvZ8OXYwxfsKuvIu-0AEGsMzjjFuA-p~lcw0OWxV2BjpmFqSOkwA~olpjiJItrl4KTqq9dMRYNkyXSaIB6eZ0189dRZaglflwoLTJ2D1bGQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY intra-day: Bullish, with 164.49 as support, targeting 165.73.
164.49 as pivot point.
Trading strategy:
Bullish, with 164.49 as support, targeting 165.73.
Alternative strategy:
If falling below 164.49, EUR/JPY's target direction is set at 164.01 and 163.73.
Technical commentary:
RSI indicator is above the neutral zone of 50. MACD indicator is below its signal line, bullish. Additionally, the price is below its 20-day moving average (164.86) but above its 50-day moving average (164.67).
![Image 4](https://production-app-asset.traderknows.com/images/f16e0baf9acc4a2180664531569eceb3.width-800.png?Expires=1727715938&Signature=BQGTRHbIHL9WZSahj9R7eBt5omnh8j58fhFcReeor9UJVA4akOQvxlHKf0sPdigQHfPnfCc25uR5XVFbvdbiUDDMtRHdknFjng3fuEiUfuZQAIzlCdKA3GCgOgybflNbCEcWX6Ejr543tKZ8bwNdDFv-cHxAIlR~UHTzh3crvufbcumoDcXDT9oRKDjK08QToJbbtDMv~TfkmE0Ue6pA3R1c-qsxgVCrwekA2UQuFw7~uPr5UoI~MiEu1K831iVaSOEjU61S3uEfix~Bw3dGeZiVYvbxWWl~KiMCBqtGNaS~h3cbZW1VuLUoSXYctlJglgkWeh~3ectgdIv9jo4FZA__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP intra-day: Bearish, with 0.8586 as resistance.
Pivot point:
0.8586
Trading strategy:
Bearish, when 0.8586 acts as resistance.
Alternative strategy:
If breaking through 0.8586, EUR/GBP's target direction is 0.8596 and 0.8601.
Technical commentary:
RSI indicator is below 50. MACD indicator is below its signal line, bullish. Moreover, the price is below its 20-day and 50-day moving averages (currently at 0.8579 and 0.8578).
![Image 5](https://production-app-asset.traderknows.com/images/411d7b12e0d0470ea2fa2546ac61dc47.width-800.png?Expires=1727715938&Signature=vSxwO~oX~T-vfjZMowEISUrYsSHcuK-XA86cPtIZJT0a34zOqzUBjqDrdh7naJF80t-fnSbsaNhjet0iORonMX~6OB42GLpXqk1tZeThhJuzHRfmEmPQUrfZuFBFEgKHCvJZgo0vFFlZwkHu-j9sNO13KA928Gellv3M6T5ZpOyeCNf9XIrMhkMCTKaUnkioqGlu5SoK7e6Hl~S~qmj-6v0~gu8T6kGJDafIo6cHbshnuWh1iXfEygnlxf0Kb827TRbFsvB3sWZcBPYq~4E6mp47hW7ZCJLTNyKAx5EK2njPvgeycWJqeGYP~Z3HJYQiCM23ojYdjDLGWAXq3cEV5w__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF intra-day: Bullish above 0.9035.
Pivot point:
0.9035
Trading strategy:
Above 0.9035, bullish, with target prices at 0.9060, then 0.9075.
Alternative strategy:
Below 0.9035, bearish, with target prices at 0.9020, then 0.9005.
Technical commentary:
A support base has formed near 0.9035, bringing stability to the trend in the short term.
![Image 6](https://production-app-asset.traderknows.com/images/4ad575a17da84473aea4f8c66d096c42.width-800.png?Expires=1727715938&Signature=W~4Zdxd07T1R8sSLQh~irO02IJcNWgL2fCvyYWrUC7Zgau~T~qiVe5nOT4s9xfstJqhAnRitH8ESjdBxIswxIU5VfANoRmWr4K-ReM37LDMsMDt1KUZgfNtfcuJsrdNnDW7dLC8B5SKOnTXGhV4raCmUbIglMuXRZxhxwMI5~DlEyB5yOdSmPuqGEQf6NP6~0P3lQHv5l9Y5G~JVUcYFYnxzlxl67~g7xkRDPeFGINTAaIJXEu45MHr9bfy~a6w8OnlmasULfu~TcQjR30rkblf47qP8qD2Ydkkc~wATVYxh6qXJSatIho3mi6ZLdMzrkdaSWHZQE~gm7jM8xpIc4w__&Key-Pair-Id=K3LHBTUA5A7KEY)
German DAX Index Futures (Eurex) intra-day: Short-term key resistance at 18680.00.
Pivot point:
18680.00
Trading strategy:
Below 18680.00, bearish, with target prices at 18410.00, then 18310.00.
Alternative strategy:
Above 18680.00, bullish, with target prices at 18770.00, then 18840.00.
Technical commentary:
As long as the resistance at 18680.00 persists, there's a bearish trend in price variability.
![Image 7](https://production-app-asset.traderknows.com/images/c19603a004094224898b8c9718e3b854.width-800.png?Expires=1727715938&Signature=Ren4SMsHFPq3A519AtvfLece2zfgMRGWIitG3QS2~-9nd4osDoiDkSs7lm1L5knlli0-yD7sHZE6lxgF5Iui0q83WlP4VRnS0wobMIqsOCq6pakZqnsNDYQIpkiNIH-kl-odCHGxfgyJ74hlswrCQJT83fr~JDzMFjgfvZdKFyj9O6TZb2edqmEVJXpzzAtHPuk4kb-HD~FmbnBlIRwxP2iTNWhd20loMNaJv6ORwJ-NagX0L-PI53RS76DQOvZkpUkYcj9pCZZdxwU-9~Bg61Sdt3TfsMMYTzVHgOfRvt2Cro8zUUGC6z-KI6LOneiiMOCYai5CfYRb2g0aUk9BjA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude (ICE) intra-day: Bullish.
Pivot point:
89.90
Trading strategy:
Above 89.90, bullish, with target prices at 91.10, then 91.90.
Alternative strategy:
Below 89.90, bearish, with target prices at 89.45, then 88.80.
Technical commentary:
RSI indicator shows an upward trend.
![Image 8](https://production-app-asset.traderknows.com/images/4b9659857fee4b2f8b6fab155f7a2739.width-800.png?Expires=1727715938&Signature=cImWyBXYSzSVSjeYpKAM8-A0z2J83T6UaKnwZN0eT~J63xxkRyuDWqb4BirquW6EMBD0iJ9xE6hKEXFifPcmkFrX40hkT0e0RD6Xwb7gsvCzsDKat9dU~l6jjZ4-IyyFTgBSIg28lNwjD5pJx9HGWwryK6npbsN-mmlF6osFRU2E7aoj4iX626KyPV5tMvsQA5tsce-0rDLlqV4rhSrxRR4QMvRWrVNndVKm~j70qyxTy6l3QMtPxnYhpCbFFauK9y83pLBrkX1qkya9qdro2yrmLD7XimY4Jyii1-yz5tN1k6yBOBmtpzVKYhcybGi4yyld1M3xueyelvL3YK1vDA__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures intra-day: Bullish above 7899.00.
Pivot point:
7899.00
Trading strategy:
Above 7899.00, bullish, with target prices at 7944.00, then 7965.00.
Alternative strategy:
Below 7899.00, bearish, with target prices at 7866.00, then 7842.00.
Technical commentary:
RSI indicator trends are complex, tending to rise.
![Image 9](https://production-app-asset.traderknows.com/images/875ab3fa9e994f82b4ca956ccc326a1e.width-800.png?Expires=1727715938&Signature=JliakVpiUJWdTc9dK2VjSUM13ZXG10lrOXR6lFTeOH0HJJoOH7WDsbyw-ZG~y2P7MJa1pf8UlWgXazjhT5Crtm30mvOF164kW8VzZzfPKKw4FiFOzWE8WYwOdKIiPlCU9Do4zkMStb4dSBiJnKHbo7kkOQTqQl04wZdipAFBnT4fLbo6LKrFYhJiy4ZzJ2tQJLC3qu2DEaZD3N96u4eUEFfbhDNWEwBZR02hLUK4JVgu8w40XWA642Vmt00W3-J3-~lOIxfgAYF-BX04wyhMPMpXoOxaaLm6FZR0q-15C1yEY91Y2cgJ27vAS0qPqR6vuf0Nxq9cOqlUF0q7y5HdNA__&Key-Pair-Id=K3LHBTUA5A7KEY)