Explore new trading methods and opportunities from popular trading products in today's market view from the Global Research Department at the trading center.
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
Note: Due to market fluctuations, prices may have moved past key levels, rendering strategies ineffective.
EUR/USD Intraday: Uptrend.
Pivot Point:
1.0690
Trading Strategy:
Bullish above 1.0690 with targets at 1.0730 followed by 1.0745.
Alternative Strategy:
Bearish below 1.0690 with targets at 1.0680 followed by 1.0665.
Technical Comment:
RSI is heading upwards.
![c7875c73baf14eaaa383ef235f9087e7364](https://production-app-asset.traderknows.com/images/14d50957dfbf48a8af6096d9fb60b87e.width-800.png?Expires=1728299204&Signature=HdPJKbdvzT1FE9ARpgijY9QdWjU-uOz8tOPYtMKXyGrlIzgX1GwX3oEAQvFFsFOhA7Ykp~9ocFjzeyPVvaKr25U5P2id0BIxArQMUf92qs28d8rSxTL7278~Km0XKxas3oi3lLiPDJlg6sHSwm-ZKq-TjhIfDsuGRVTtizveCkx9dv6Vq6t2NoOm8XnhlVuB-7Y6iEI~yjXPnwaNSiK9W8gAJtStjStMn6qp9cczHM4H1wixZAQf8c0kmk300ygH7HAPiqKpsqBxbEEF7wT5m-T4uIjnhuCjJiHl0zh9QPVRIUuv7S-anMbNfHiN5iW~DZXIHA08tsG9RDg-ulYjPg__&Key-Pair-Id=K3LHBTUA5A7KEY)
Spot Gold Intraday: Short-term key resistance at 2322.00.
Pivot Point:
2322.00
Trading Strategy:
Bearish below 2322.00 with targets at 2300.00 followed by 2291.00.
Alternative Strategy:
Bullish above 2322.00 with targets at 2330.00 followed by 2337.00.
Technical Comment:
As long as the resistance at 2322.00 holds, the price fluctuation trend is bearish.
![c7875c73baf14eaaa383ef235f9087e7564](https://production-app-asset.traderknows.com/images/3522d94dfe174c999448d6f4fa8bdf50.width-800.png?Expires=1728299204&Signature=BlkoX0jl8oMHLnmNZkrsKioVxT-g6kMjeEdL7aYdYmjGS7Ji8cMdeI0d4G7FIKMpiK6vBDsDJbJr31Y8s2dBU1XDh9Fzzu4~i27HjcMU5V3WAT-oVUFDA~o4p8M4h57ngXivzK-5Qk4uE4ZBaGn3dxtUx-AtevIeksvrIW0ZrUECMRBIRkiEiu56-iixVTQs8tHXfBpVqkNhGmViTvw0tXaG5Q1lo6KWkvYdVMOuKrpO7VLTbmziivArHz1EVjEfwSgtPva3YoR~0AuIvo~VDhyg2FP2PI1p4Tcj4Rfsy8f5V56AYTBd22XPOEH19BKZYyZTV16SJtGpeK-PHcQ63w__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Intraday: Bullish.
Pivot Point:
1.2440
Trading Strategy:
Bullish above 1.2440 with targets at 1.2480 followed by 1.2510.
Alternative Strategy:
Bearish below 1.2440 with targets at 1.2420 followed by 1.2390.
Technical Comment:
The RSI indicator shows a complex trend leaning towards an uptrend.
![c7875c73baf14eaaa383ef235f9087e7736](https://production-app-asset.traderknows.com/images/21afc106c7e74927b88e1f5c2330aebb.width-800.png?Expires=1728299204&Signature=h4A~T4JDCxU-fbY2wDEpDFLFhJjM3S-t4RFTVCQdyAK9mnJYvkLw-AipX~ENLuqgggO9WumFF7UxnHaYbqCK7ohcVvgO9jY5TI55hvuDXNCIM1qH9rLnIqvb-qgnneGEzdzcsleuh7HNUfSCxLebAZ11dIqJhvHBvucQTpPIX73l-ZrvJ0SG7Jm~K9ALlytv2DZ~0tTm2bOad2uRk1qKPDKVLf8wAjPPGhiPrjoPOpKDi-iTq6wTnXDe0VqewgpDG0LJliG-3iS-o4DekVR8bFRh9516goe~qwuagENY5PZnuL6YGqTO5PUDTtJ4CMGH9kAEhqHNtWkVAHWIag2yTQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Intraday: Bullish with 166.11 as support.
Pivot Set At:
166.11
Trading Strategy:
Bullish with 166.11 as support.
Alternative Strategy:
A break below 166.11 would indicate a continuing bearish trend, with targets at 165.69 followed by 165.44.
Technical Comment :
The RSI above 70 could indicate a sustained upward trend or an overbought condition needing technical adjustment. We can determine the presence of a technical divergence by comparing the trend between the RSI and price levels. The MACD indicator is bullish and above its signal line. Additionally, the price is above its 20-day and 50-day moving averages (currently at 166.21 and 165.90, respectively).
![c7875c73baf14eaaa383ef235f9087e71061](https://production-app-asset.traderknows.com/images/abe3d56c4fe24970b887f721a2ca8064.width-800.png?Expires=1728299204&Signature=T8ePvwF2HJbQmwao1C4vkUNckLhaSGTHTGeZ5yVFWWnjXxb5oXFRoSO~YpISnnR3BRVv7-WSgezJYgJxtsCGfzReZb~sR3BjmBt9BXU5rwEIQYPLgxdxojVdGwC7gzwTE6cjG4mcMjWzFD5D3XY-z--5gnqg5O4s9lkoL2eTSnhRNe0~qr7-3GKwPvWIOgzJ9Vuag8LJm59qSUSsZLeCrvCdDxVbbW8EFPD33k3GgRARrgvJej37YMuH~uZH0~CT2GDjHr4tiOfHNIc86nxirM1Dw8AhC~wNfMiA6CTx1lLcrslR1oN4~Ez3FfpwytK4S3lh-NZGoIiXUwap360AJg__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Intraday: Bullish.
Pivot point at 0.8582.
Trading Strategy:
Bullish.
Alternative Strategy:
If it falls below 0.8582, the target direction for EUR/GBP is at 0.8571 and then 0.8564.
Technical Comment :
The RSI indicator exceeds 50. The MACD indicator shows a bearish trend and is above its signal line. Additionally, the price is below its 50-day moving average (0.8591) but above its 20-day moving average (0.8587).
![c7875c73baf14eaaa383ef235f9087e71273](https://production-app-asset.traderknows.com/images/0cb11d7402424236a8252efbddb8d175.width-800.png?Expires=1728299204&Signature=wartk-MsWa47fv~VC-8xe9LnAtZTPUPhnJkxhSNxa2ixTcoywFBKUC5NoEss-L87Jpv65RQZ0s40DiVqfcpt7vYk9YmlhN5ssbqJ8pYfeRhMeZ0fQ7D08MseIJ3DwbspXLsZ-M75P1oztyReZQFioZVXBEaHkYFdutha36J1~o80t6SFcJkgmHLMcfHJDUMzD6jczKjeMp-ZQSONZaJ8tAsgOI9Z8yxfbi2ZL6hCAEu0HW-qTXKfH0K9TjbNcIRsoxPnUCZal0UNj~1NXmbow8FKTXgZxTbdZp1DAmdXYwBIxzf0zM0xtAdr5QDmdHW8e-uYkSgRZ9iM879VaDa~Yw__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Intraday: Bullish above 0.9130.
Pivot Point:
0.9130
Trading Strategy:
Bullish above 0.9130 with targets at 0.9160 followed by 0.9175.
Alternative Strategy:
Bearish below 0.9130 with targets at 0.9120 followed by 0.9105.
Technical Comment:
The RSI lacks downward momentum
![c7875c73baf14eaaa383ef235f9087e71448](https://production-app-asset.traderknows.com/images/081e92304c6943c4bb7b3b90c36de620.width-800.png?Expires=1728299204&Signature=FwBopTaSbmmzOed3~04RJIth0mzL8VGw-D8HFtGf1CbAnZEyq644NdbLGTxyfZXS5MIVNTbE0dFHYOp2u2iIG6odFFV-mpL4NLfT1MGYjwolK96Ww-oRFy740I1Gd5nT8ooJkSt5JUXKBYcTZoy8CMPfxHrA6znQpJpLopp6-dr5pr3Jz8QxI~wum9S8BLY6ZJdKZtDTsUF0RkKYEM8uIPEBbVzgngs98~lcBzTW8YycWia2hGX3dhBhdqWjsLBVO0fYxRYDrsZr8n3MO5w0wMeDxtGsuG-DuuB5EWYUB~F2moClr9DoGd8wi0HPAE9MwpaETvMRc2oaJ6b2obrKig__&Key-Pair-Id=K3LHBTUA5A7KEY)
Germany DAX Index Futures (Eurex) (M4) Intraday: Uptrend.
Pivot Point:
18279.00
Trading Strategy:
Bullish above 18279.00 with targets at 18478.00 followed by 18570.00.
Alternative Strategy:
Bearish below 18279.00 with targets at 18180.00 followed by 18115.00.
Technical Comment:
Investors should operate cautiously as these support or resistance levels may trigger profit-taking.
![c7875c73baf14eaaa383ef235f9087e71663](https://production-app-asset.traderknows.com/images/72db32d101e1446e9ae7b7fe9ff91e22.width-800.png?Expires=1728299204&Signature=yEXup6cXycZInCamWg4IXLhSrJVk65KNVOmK~lK1EQYyfJ1~E89qSxke19443A4uQf~JWZtvZ2O1mgobSk~3wtdXeAY~LxEwZdqDikvwGkaxMLVF2Qn5u7zldWZPchjDpZhP9Rt8JeDR54UD4xEeda2m~3hTn0p-1bypTFlStZpclwUECmpYPXA-HY2xM1MYPllyT~NrgeaKMIwUVbPXTF4x3HJewQ~iLR3JwTagKKPoGhvfL48ME06etx4khgkSg1AvsEZZnTc03TLFGGKsbgNfkDr2a1xVuXLfMnttB4jh7c5jqF9L9G4cWU24fvjH8uuW9zfDRVeahHpO2Vzcrw__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude (ICE) (M4) Intraday: Bullish.
Pivot Point:
87.60
Trading Strategy:
Bullish above 87.60 with targets at 88.40 followed by 88.85.
Alternative Strategy:
Bearish below 87.60 with targets at 87.10 followed by 86.60.
Technical Comment:
Even though we cannot exclude the possibility of ongoing adjustments, they are likely to be short-lived.
![c7875c73baf14eaaa383ef235f9087e71854](https://production-app-asset.traderknows.com/images/f8e22de6122e42d68ca3f678780991e6.width-800.png?Expires=1728299204&Signature=s4Y2izgyLesWp7I7lJh21JNP5eMamX2eGGZAJtGWickrqDpFrjR1t3u46qYIDwUpPxx4fKry~cuYfa~s~b9DUIOg2zGPRYXzshCg7tJIOEQtzGkHw1uqiO5HMlNgVBJd7o5PJyZTisQFYBsn1w6AL3wOa9fCrlHKiT~ES7d3dTjwdZFlPw3Or1VdH2NmF~ZrT8V2bCKCbfdL~HQjqwVkbA9LZC5ifGV5YLtfgKGCHKU45bd04CXy6ao-yhBhW7lUEelAiIc2ofGE8MJ9d7ZXPp3BAoRf~i5Kl0akSlaqYJDDNAAi8zmv~Ze-yQCF6g4tkLvlHh4g4WIdcggcYbCPgA__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Intraday: Ultra-short-term (intraday) support around 8028.00.
Pivot Point:
8028.00
Trading Strategy:
Bullish above 8028.00 with targets at 8135.00 followed by 8205.00.
Alternative Strategy:
Bearish below 8028.00 with targets at 7985.00 followed by 7944.00.
Technical Comment:
The RSI indicator shows a complex trend leaning towards an uptrend.
![c7875c73baf14eaaa383ef235f9087e72052](https://production-app-asset.traderknows.com/images/d9140514997340219ddb3f97cb912ecc.width-800.png?Expires=1728299204&Signature=uE0d15atWHk4gROmWwaTWbJys7QzvgtfZxurZ9NiccqdTt98qNaj4EfOO1gJaZUwHvmNutbW5oICxeTEsro-mLWZ6IqGr2Qy3i1qChgyc~2J-JFcg6SAU4IZz5vFQHP-Xfg54whJTSBwdDT2C1YdlYT2tGyTUwDaXc9XwP6ZoQCQA-JEFz0l~rmMBxCx6HAT9w2cWJgvsJBgMabQgMh5aY72qO8QGm55kaRJCO75rbSeqGVmgaF2OOQbBi7JGGoqVbf9ZZ5ZdItvNvrq4wdkmPRcO0V6~kFRgRRME7UUsVw4aHkGoZAgYa~g~~HUu8JP2H56C~YllTEmaRWFrJV17g__&Key-Pair-Id=K3LHBTUA5A7KEY)