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 GBP/USD Spot Gold EUR/JPY EUR/GBP USD/CHF Germany DAX Index Futures (Eurex) Brent Crude (ICE) UK FTSE 100 Index Futures
Kindly note: Due to market fluctuations, prices may have moved past key points, rendering strategies ineffective.
Spot Gold Throughout the day: Bullish above 2236.00.
Pivot point:
2236.00
Trading strategy:
Bullish above 2236.00, with target prices at 2265.00, followed by 2275.00.
Alternative strategy:
Bearish below 2236.00, with target prices at 2228.00, then 2219.00.
Technical comments:
RSI indicator signals bullishness.
![553dddc0-c710-4d47-9b28-e2c7287c49ff](https://production-app-asset.traderknows.com/images/8ca32fcfc7cf4327a217f7ffb6e0443b.width-800.jpg?Expires=1727953696&Signature=JTfzigqFqrv6qSZ9lqb0jUiAASZRZ4ZMU96htQqb8VfRnCUFeHOaIm6Il-Wq~1jihdRpr~Zi7CxcGrh1A0mcdl2o5r8IcbmQUsFlqZn9fSe6BuMNBD-VU5Nz9RD5cTQU48GK8rQHgPi3fGf~T3sFdgAnkCYvAlyxyiLNz5-q7aaOmrRvLuMEjyQf3t94dPfe3tWOfuauv0hFo3O-XMXK~JtxeURy6DVjplrDQufM87-u-08h81H871fSpxR8cT0jdaEsWrAsZ5MixlsI7uADbN-J4f~3W9uR1eJ-2mM0hpQpx5L2lsm88SWlJ4DDuowyc-7KtjdE5k3sx~0egu0-gw__&Key-Pair-Id=K3LHBTUA5A7KEY)
GBP/USD Throughout the day: Immediate resistance at 1.2575.
Pivot point:
1.2575
Trading strategy:
Bearish below 1.2575, with target prices at 1.2525, then 1.2500.
Alternative strategy:
Bullish above 1.2575, with target prices at 1.2600, followed by 1.2625.
Technical comments:
As long as the resistance of 1.2575 is not breached, there's a high chance of breaking below 1.2525.
![img_v3_029i_efc22e23-cb28-431c-8b48-166f5f7cb1eg](https://production-app-asset.traderknows.com/images/108c533d42174f03bec6824a0b5b8840.width-800.jpg?Expires=1727953696&Signature=TjPDL51j6NRDg90gaMqTnUgjEIuJYuE8~btg8NUWFH~PZcj2OYDlRJR8oUpooihwMqyAFjCrOrGgHaLSfYCWg~anl3sOjpCzX2YwRG~vrdLBxSShgYJElDs~u6WYzIcD2bHM~mVd9q-7nCmMehOpTGY6~0gYJd6KEvFB~NkGEVS0O4NW0awMRYf3shK1se3YStOl3alVVkhhNQe1QPf5a7GtvSMiVTws-kgiGCwQ062frhkwEaOsx3Qywthulc4a9jTtRvT62Z0yvUvRxB6zd92bYNFSukOSi0LJ7p2AyPM9eqZwInzk8AKNIPChygu0xkAVwmNUOs~iyBEeSZyeQA__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/USD Throughout the day: Under pressure.
Pivot point:
1.0760
Trading strategy:
Bearish below 1.0760, with target prices at 1.0720, then 1.0700.
Alternative strategy:
Bullish above 1.0760, with target prices at 1.0785, followed by 1.0805.
Technical comments:
The RSI indicator's trend is complex, leaning towards a decline.
![99f60467-ebbf-43e2-85ec-714f5a292fda](https://production-app-asset.traderknows.com/images/59e235212dbb49dfb78a342d5345b42c.width-800.jpg?Expires=1727953696&Signature=WaLcjNwE1xC8GeKNzK9HYhW1iDJ6j1kXZ66CB8Gb8nd~n2Fk2CYyU0qYhQhaAhU6FJGrp7556~~cJ9LY~1eN310ZwknpZoONxA098qSoUgLRY8cfaKqIe6mSFAjeJq45m5dSkAs3UO6moDIN41oiwWmtdrsce~RwYkRZlgLeaHdapSbI8R76N2oMg5UaAwTlgRJxUJDL9QNK7ZOcFYWCCv7g-5mOHkUhtYns6K6rVkTQK4mJ2oMJ4thV6uuUccWcboZy4dEEAb5-NBjRNwA7EdJUnJTBmhGUDTWlAITBgkpHWv3KJ4IMoOLBCU0M5Fxj0QEskMQNmJ9D45NMeF2b6g__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Throughout the day: Potential for a rise, with targets at 163.65.
The pivot point is:
162.45
Trading strategy:
Potential for a rise, with targets at 163.65.
Alternative strategy:
If it falls below 162.45, EUR/JPY target directions are set at 162 and 161.73.
Technical comments :
The RSI indicator is below 50. MACD indicator is bearish and above its signal line. Moreover, prices are below their 20-day and 50-day moving averages (situated at 162.85 and 163.03, respectively).
![58616df0-35b9-48a1-9da5-65ed958d9e7c](https://production-app-asset.traderknows.com/images/ebc8dbccab054259b23bd8b49db73de2.width-800.jpg?Expires=1727953696&Signature=TPyt4~~7TDQw-EdLCqGo4Kmy~dH~DE5-3GHaNJIa25i3SWc6Qp6KFKs9T8HMhXONQjdg~woPtVNeODYz-uJbXY8R6MgOMUJrdQWU0GQEGzeF7Ue5YFjT6NMDOsjJLPXAeycAT2cAFlqzrquRc8x0zVi1Gqqc3zyCgiM9O9YtMHRS8206dNV~ozQevPbxkOGlgSyqCfkAbjmMrUZfHxH0X4vvq4cLP94o9WR9mmnagcT0rovVvYH7DK88g-6meMVwe0uSrdcNyTOQjqCe1H9u-Qdp-ymVbjTJ2yCWUZPF~nf2xZ7zceJ7ldxZtCrCLE9evON9BvRbneiTawNelHTyxQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Throughout the day: Gradual decline, if 0.8565 hinders upward movement, then aim for 0.8536.
0.8565 as the pivot point.
Trading strategy:
Gradual decline, if 0.8565 hinders upward movement, then target 0.8536.
Alternative strategy:
Breaking above 0.8565 will bring a continuing upward trend, with targets at 0.8575 and 0.8582.
Technical comments :
The RSI indicator is below the neutral zone 50. MACD is bullish and below its signal line. Besides, the price is below its 20-day moving average (0.8558) but above its 50-day moving average (0.8552).
![26e80e5f-282c-4413-bd04-751821cf334f](https://production-app-asset.traderknows.com/images/2c00e1bd165a44e38d3fcc4ec10c742c.width-800.jpg?Expires=1727953696&Signature=mFtcd98QWgi7aiLEURf4IBaBuu2pbivybNtw1wXAPrH~80pPFa3qWZn9EUr7RuKQBm06XsdAFsu1pqNNQIFnW9jZgdvzksCI-iYA0WII-qPvgNHkv6MqRjC0qbyDAMAXdLV9BCJiOLABwfoYGm4amWQyS3UVseMT24kH6s6xIA3bR-UFdjhWY9WmQPvQZaZNIJScaA9-t-g4XOvadbN6kvLXOTLeb8r7glpEdwwDok4GJe5robiAekPg3KCZyXXJ9uIVlR60Lwto3NEyJ1dkOjboVXkT-Bkd5yzEVj2WMbJY4Z31y~OemxivBx8c-SX9AAyzx4djhU~5Ajg2I-cATw__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Throughout the day: Further uptrend.
Pivot point:
0.9035
Trading strategy:
Bullish above 0.9035, with target prices at 0.9080, then 0.9095.
Alternative strategy:
Bearish below 0.9035, with target prices at 0.9015, then 0.9000.
Technical comments:
RSI indicator is bullish, indicating a potential for further uptrend.
![bf82b279-73ee-4c2c-b5e4-457fa06b1c60](https://production-app-asset.traderknows.com/images/df19f3f84b1e4d8ba6979a38204e5a29.width-800.jpg?Expires=1727953696&Signature=cmpCl3p1KouN2lHoo4wzbqHf7xrsWgWNXVUENaSl2f9Da8FTK-p15qUI59mRoqxOkj16kNKB4jj4olp8HFioqggcEWsChQjDXqBbDBhngdQbUkadTQsuiu8IYk1OzyTgWJwMReo9IwO5PfSjCZjZMY-~2of0pPHdhML249LcHPzmW0hQ1biFFzvLy0bJ6tLJpROo9zdwlpgFcEtocLCnJE4ekd7-HugunRE7sJjzpZEySdS5fb9JI6BvUbDrzIBht7znNZPt8vpnuY-YJrG~FnvqcjSdYIeVV-VqbuJGBYpocoD-BnNmIIpZdPzWllzb91724MScfWvr8MPu4X94Pg__&Key-Pair-Id=K3LHBTUA5A7KEY)
Germany DAX Index Futures (Eurex) (M4) Throughout the day: Bullish above 18725.00.
Pivot point:
18725.00
Trading strategy:
Bullish above 18725.00, with target prices at 18820.00, then 18866.00.
Alternative strategy:
Bearish below 18725.00, with target prices at 18660.00, then 18605.00.
Technical comments:
RSI indicator shows a complex trend, leaning towards an uptrend.
![2f6b55ba-62bf-419b-93c1-090ee51f3e06](https://production-app-asset.traderknows.com/images/e71f9fb92da14449a57e4d538cd646c1.width-800.jpg?Expires=1727953696&Signature=vM1Vr8b15u~37XueFtyQd3C--dFH4UiRQnqcqP-VylSd2LiHjkGUUnIiqCycYvKtqfqOlPzkwW2zCqm8fo9RXcT8ZiskGQvkqNkIqZGYrbcZbO~5JDfaaPG8A0JuSBpLZAKVd5HNqIvyuEIn1-qowyC6m2DIyEfTnwM0UeGw5hlu22R9EIUDgeCunvvtCnhBd0f0i5tTzSRy296~fEaQcG88rg-iVUotVzQejJudhi7m-QylZtqyjMn746GfumU2VHitAFkmDGI-V64W9YhSIslFaE~j73k5fo88i-zVix2qWBzc859w7CX7BEl35leNUQWfzePN2Ia0CSYbEW2yJw__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude (ICE) (M4) Throughout the day: Heading towards 89.00.
Pivot point:
87.00
Trading strategy:
Bullish above 87.00, with target prices at 88.30, then 89.00.
Alternative strategy:
Bearish below 87.00, with target prices at 86.50, then 86.00.
Technical comments:
RSI indicator displays a further uptrend.
![1e5e704f-76e0-4ba6-9fe7-b1a3c12e697c](https://production-app-asset.traderknows.com/images/26918efbbcc24e988f0f58b714586197.width-800.jpg?Expires=1727953696&Signature=Q~38N0tSsbl1siPhtEgNAGujjvtn9QkBHo3eKgdKcCm9aVqt2i352V3IDOX4n9KRJiJdSIbKFjRIC08OEbPTcSDPi5I47hfrdfwgw8a-KEERRq-S6KnUYPppzs93gKGfZWqLCHpenPoA5ZXutZTIc6Lob71kVgbXjKT6Pb0eCGXeQtNUB8T1fhaOqAIBHY1JA2MG03j-g1Gow-doORuXO3HZwg6moN6x4FjixVeLEiDW1FfdQXSYztNyRmgR6mKuvyTJPuzA5Ft9Z4n0qE4Lw3OW-j0Ieg5LOGOowDDcpF4ySU0A3TPNBe7qZ~lRTxpl1wKvJt~DBIi08cqE4cI5Ew__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Throughout the day: Bullish above 7973.00.
Pivot point:
7973.00
Trading strategy:
Bullish above 7973.00, with target prices at 8005.00, then 8019.00.
Alternative strategy:
Bearish below 7973.00, with target prices at 7958.00, then 7945.00.
Technical comments:
RSI indicator points to a new upward trend.
![099ccbe2-8e75-4ce6-b995-2ff661e4f8aa](https://production-app-asset.traderknows.com/images/e0cf3bbe32ff4cb6ab367c450c2a53ba.width-800.jpg?Expires=1727953696&Signature=bm2XT1t0f3Cb3oVlU5PYna1IO6U-Wf1QJYqh20IhBZsGDNowslciO0-TswHAOCMh~H3zG29Oe7GY2pWzvrhAe91~8qwJ~yG~UwXQ408OiN2MKzBxunLTBF1tize0gsCDq~xiqsDrMn5itoL0Varii~DLUgy2b0o58EPRPFLTqPZBqcYziXWjSzMPCV6XfKXor4yLf7Gd--AwF-2R1dWoyCJz~dDzNMfJLoyQQLRq3yDI~aSfdtrcm1zyKSu02kPeeNEgc~hqrUmaGaUvkX7RYynY9a1j9lNvgLdz7R5Xfghl5UOaanoRpcE0xnlW-XasDJ6qjaCopjDKlMe34kHAng__&Key-Pair-Id=K3LHBTUA5A7KEY)