Explore today's market views from the Global Research Department at the Trading Center. Discover new trading methods and opportunities from popular trading products.
EUR/USD Gold Spot GBP/USD EUR/JPY EUR/GBP USD/CHF DAX Futures (Eurex) Brent Crude Oil (ICE) FTSE 100 Futures
Note: Due to market volatility, prices might have surpassed key points, causing strategy invalidation.
Gold Spot Intraday: Uptrend.
Pivot point:
2412.00
Trading strategy:
Above 2412.00, look for bullish targets at 2460.00 and then 2475.00.
Alternative strategy:
Below 2412.00, look for bearish targets at 2395.00 and then 2385.00.
Technical comment:
Subsequent resistance levels are 2460.00 and then 2475.00.
EUR/USD Intraday: Further upside.
Pivot point:
1.0850
Trading strategy:
Above 1.0850, look for bullish targets at 1.0890 and then 1.0910.
Alternative strategy:
Below 1.0850, look for bearish targets at 1.0835 and then 1.0820.
Technical comment:
The RSI technical indicator is trending upwards.
GBP/USD Intraday: Uptrend.
Pivot point:
1.2675
Trading strategy:
Above 1.2675, look for bullish targets at 1.2720 and then 1.2740.
Alternative strategy:
Below 1.2675, look for bearish targets at 1.2655 and then 1.2640.
Technical comment:
The RSI technical indicator is trending upwards.
EUR/JPY Intraday: Bullish, support at 168.89.
Pivot point at:
168.89
Trading strategy:
Bullish as long as 168.89 is support.
Alternative strategy:
If below 168.89, EUR/JPY targets set at 168.24 and 167.85.
Technical comment:
RSI above 50. MACD above its signal line, bullish. Also, prices above the 20 and 50-day moving averages (169.33 and 169.18 respectively).
EUR/GBP Intraday: Bullish.
Pivot point at 0.8550.
Trading strategy:
Bullish.
Alternative strategy:
Below 0.8550, the downtrend may continue targeting 0.8538 and then 0.8531.
Technical comment:
RSI above 50. MACD above signal line, showing bullish momentum. Price below the 50-day MA (0.8566) but above the 20-day MA (0.8558).
USD/CHF Intraday: Bullish.
Pivot point:
0.9065
Trading strategy:
Above 0.9065, look for bullish targets at 0.9115 and then 0.9135.
Alternative strategy:
Below 0.9065, look for bearish targets at 0.9050 and then 0.9030.
Technical comment:
Subsequent resistance levels are 0.9115 and then 0.9135.
DAX Futures (Eurex) (M4) Intraday: Short-term adjustment.
Pivot point:
18910.00
Trading strategy:
Below 18910.00, look for bearish targets at 18792.00 and then 18722.00.
Alternative strategy:
Above 18910.00, look for bullish targets at 18965.00 and then 19018.00.
Technical comment:
RSI lacks momentum.
Brent Crude Oil (ICE) (N4) Intraday: Target at 84.60.
Pivot point:
83.50
Trading strategy:
Above 83.50, look for bullish targets at 84.60 and then 85.10.
Alternative strategy:
Below 83.50, look for bearish targets at 83.05 and then 82.65.
Technical comment:
RSI showing complex but upward trend.
FTSE 100 Futures Intraday: Near-term support around 8438.00.
Pivot point:
8438.00
Trading strategy:
Above 8438.00, look for bullish targets at 8470.00 and then 8488.00.
Alternative strategy:
Below 8438.00, look for bearish targets at 8423.00 and then 8408.00.
Technical comment:
RSI showing complex but upward trend.
