Check out the market views of the Global Research department at the Trading Center today. Explore new trading methods and opportunities from popular trading products.
EUR/USD Spot Gold GBP/USD EUR/JPY EUR/GBP USD/CHF German DAX Index Futures (Eurex) Brent Crude Oil (ICE) UK FTSE 100 Index Futures
Kind reminder: Due to market volatility, prices may have crossed key levels, rendering strategies ineffective.
GBP/USD Intraday: Bullish above 1.2775.
Pivot point:
1.2775
Trading strategy:
Bullish above 1.2775 with target price at 1.2830, then 1.2850.
Alternate strategy:
Bearish below 1.2775, target price set at 1.2755, then 1.2735.
Technical commentary:
Above 1.2775 is a bullish signal with an upward target of 1.2830.
![ef8a80ee50fe433aaeeeb1895ea59068392](https://production-app-asset.traderknows.com/images/d13434e5d0cd4fbdb6cd5b16bb3f3f40.width-800.png?Expires=1728271487&Signature=gcsI-UN5h9sMmEKkaW63E7RH6Jo15WmibBQ~gxHrsD2m0sPGH7J~S6iEDOGoSCbWNSfWTjGkMDY~YHOVDygSxd9V3~nBWKOS-Cd6nABIMsSxtO55AkBNA4DOv2f0YVz9OIVgX~5ShoiL9RhVSZVsmjt-J6l7kxS3uXemGjBpF-F~a~yBbr8iJZj1QSxCRPsGexoF7ffL5mugLwlLAFmVo3nClWHv5BsXDoxrJZLRy55pVofMPHl-3PsS-n8JV1Hf6v41ce9kcD6~0nlJl9plFc80TVQ9UF4~HyYWH1DDeoGHbUpnKGqk5stZ1QMJnjqEay~2Ecttk4RsPXJW1bRO7g__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/USD Intraday: Bullish above 1.0880.
Pivot point:
1.0880
Trading strategy:
Bullish above 1.0880 with target price at 1.0925, then 1.0950.
Alternate strategy:
Bearish below 1.0880, target price set at 1.0860, then 1.0840.
Technical commentary:
Above 1.0880 is a bullish signal with an upward target of 1.0925.
![ef8a80ee50fe433aaeeeb1895ea59068585](https://production-app-asset.traderknows.com/images/14563510daa240c5808e07ed66f18deb.width-800.png?Expires=1728271487&Signature=peaQFNM0UD0~ZisSwIUvdfK3hSnTHUzCBDmIJk4BKtFLnV-fhPxoLYCTgmWp99CJTjWW3ERi9Ji~FtusBUlTfYoUKav7qwR6zCBRMG0izBNHzq9ou-uzsDHop4UdUYdOw1pFRO5cgotUeN2idP5f91M3Q0dHITaM7zDxs4pxt9G5qTbIL-31OItTYed~Ir~Q~9d9UZG33DymhmbsZecqxsUQVNPaYxWVhdkc3yjFIyiSWhWZ9sEw7JH5Pfw~JmhskdsmTSzh~B4lv-gHWx4vd9vsYYMMzgzCF0B0Mg4MYT-x~jC46900-r6rjPCkji3aLMN7VkxdYLzbRtewIjTntQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
Spot Gold Intraday: Bullish above 2341.00.
Pivot point:
2341.00
Trading strategy:
Bullish above 2341.00 with target price at 2355.00, then 2362.00.
Alternate strategy:
Bearish below 2341.00, target price set at 2331.00, then 2320.00.
Technical commentary:
RSI technical indicator above the 50% neutral zone.
![ef8a80ee50fe433aaeeeb1895ea59068771](https://production-app-asset.traderknows.com/images/248de09a22cc4f79b5ab08ebb02a44b5.width-800.png?Expires=1728271487&Signature=qXKllybnN257q9YkXeL9gp-Z4t9gbjj5yu9Aqx7Ts1dSsuOqdJE1kGxOForyWACEyOvIEiatLRZHrRn5X7RkfX1Fs37GAnjRm~TewUfFWk-~N1sLHitmLIOKmSyEsO979pwfDQYnNJ2E7HmG6kjWu2e~pO~pMGVbc4GIAWP7tp7HN-Va~IE6IcoAvKKEOXydgWGeD1LtBrz-f4fKvZASa-7Oine5qUpYTu4dyWSTpOaICubqsMLKGN36wqcE~C~M83K-fSgO0nhs~jSeGAkwzC-JOSOfxWyZw2h1BuOnsAachP3osLvy-yDDn59l1I~TYDyTFd1upQRqjFw~wH2Fgw__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/JPY Intraday: Bullish, as 170.02 serves as support.
170.02 as the pivot point.
Trading strategy:
Bullish, using 170.02 as support.
Alternate strategy:
A break below 170.02 will bring a downward trend, targeting 169.40 and then 169.03.
Technical commentary:
RSI technical indicator above the 50% neutral zone. MACD technical indicator is above its signal line. In addition, the price is above its 20-day and 50-day moving averages (170.41 and 170.29, respectively).
![ef8a80ee50fe433aaeeeb1895ea590681008](https://production-app-asset.traderknows.com/images/2b022d88e6da486bbd779746a7836098.width-800.png?Expires=1728271487&Signature=iCc6oh6M-kPPZnUemvMylVR9-riHFBc0tmCZO34rdn5wZf8TXGKm-7w9DpHKbVZb3M1uujsPtSQkz-1jx7zZXzhdqPzQkG0IymTwYqJVEppH2i7yLB9RV2T9rKe1OfQO9d47u3TppH5vmHHfofrdfinJlDebYWYNoBX~VCnkfzSZ8DyOBVOmVOqtb42d~3K7W8M85Eqa75mxgGlHo1XOe6IrtYR0qUoAZujziqGP8i1Sj-ChbsasKTVaHc7EsTbjEU7FqqyKDv7rzeOFKkEQxBulTtAcV4n1hSpb9idfpLh8~HGj3vQ6fhwIlAlte4DQ-5qZA~CF857L99HyBZ4wKg__&Key-Pair-Id=K3LHBTUA5A7KEY)
EUR/GBP Intraday: Potential for upward movement, target price set at 0.8537.
Pivot point:
0.8504
Trading strategy:
Potential for upward movement, target price set at 0.8537.
Alternate strategy:
If it breaks below 0.8504, EUR/GBP targets 0.8492 and 0.8485.
Technical commentary:
RSI technical indicator below 50. MACD technical indicator shows a bearish state and is above its signal line. Additionally, the price is below its 20-day and 50-day moving averages (0.8515 and 0.8518, respectively).
![ef8a80ee50fe433aaeeeb1895ea590681254](https://production-app-asset.traderknows.com/images/2e6fc4fd0bc8494495ed6dbc3cff7c8b.width-800.png?Expires=1728271487&Signature=sS8bt7B3kNtXaQuCpCyqoCo~0hpjS9QeWvF3O82AgnAuMmMOOQoJc4BB7xzjHrFbL-4rGtUo5FbU5wRioSL7x2Bi0XwDiinmmooPDV5EgqonVhKyDQR4H5rMQVoU3B~ADpayBD3rVFjbD4zDUhweZDI-q5dhlaCj~UpoaOQ3ofzHfnp92dtCci8P-goqvMtwVWTdG7CWTSGS10i6weOfIjHwojYAqbkQAUMfBTX61ZxKw0Rr7h-EUNEG2xZ5JVdN3PE9yhGyJfc-vl-63IalGepbI2VNJZYwwr1O5Kn5V3ugtKswDnppcDUjIeGBoKG5SFRmYE41sGVspvqEL~-PCw__&Key-Pair-Id=K3LHBTUA5A7KEY)
USD/CHF Intraday: Under pressure.
Pivot point:
0.8985
Trading strategy:
Bearish below 0.8985, target price at 0.8930, then 0.8900.
Alternate strategy:
Bullish above 0.8985, target price set at 0.9010, then 0.9035.
Technical commentary:
As long as the 0.8985 resistance exists, the price fluctuations have a bearish trend.
![ef8a80ee50fe433aaeeeb1895ea590681436](https://production-app-asset.traderknows.com/images/8eee35db02644d14b3cdb2a6828ec219.width-800.png?Expires=1728271487&Signature=hQnmfULWFVIUHjASIXusSnOwe9uFFpH5oJU36maVSm0wMZHDCwnFU888JdCZjrNWbIf0Z9raqFQ4mlmk7vAEsFwdQ9D76If5wQJfC7NTLzr2s-KdMubT7fHPjSnS-zQHPvCRC-KabkO8TvqXIOM43zbGxJ~RT7r24k-BJoEHiMUWT3LNjqpY~MXhwZ~LBqohLD2k5eV2aGJ8heuJ~pDlGl5V8b4GpGdBwjyXOvpBlcZWsxo6u4j6ZYBjhtVxL4hqqzajU4tEudm2~3ncDxh5tmlN7KIbv9TZfWWuqlAkBFtSsU5jgbENnpZDUw~~5y~cex2LKRauYg0WiUjkIv3N~g__&Key-Pair-Id=K3LHBTUA5A7KEY)
German DAX Index Futures (Eurex) Intraday: No clear trend.
Pivot point:
18755.00
Trading strategy:
Bearish below 18755.00, target price at 18549.00, then 18470.00.
Alternate strategy:
Bullish above 18755.00, target price set at 18830.00, then 18915.00.
Technical commentary:
As long as the 18755.00 resistance exists, the price fluctuations have a bearish trend.
![ef8a80ee50fe433aaeeeb1895ea590681657](https://production-app-asset.traderknows.com/images/bfc6ba6945b54dcfa6e51a868571ce25.width-800.png?Expires=1728271487&Signature=KUu34ZVitQRjiT06fxOgle4J~NuB1aJW2OSzABB3WacmREOgtOev6GSnpQ8TW676baSXnC5T2NE6Iq5~JTRpXO2u7SiGIwRUDXSEIHV5GFtxYq8FNI~5qtyL-Ex6cac~vQb2LoApnugirC~ZzuVJQhkKMoOWkD7gQgp6fkoNL3UZqdDkabBe5V1z2bKnsCtIjWms7rXGODwPvehXUUECy-0Hl37hq2hJ~eC-umg8E4XD2pHaZ0QViv6jTUjynaoXVQdQudCDN2RAO9VVnswmkp7tsudrXW5CW2qaTCKND4qgJnSEjm1h65cnT2Rhx5wgR4SfM0izwlvI6rDS2CXw8A__&Key-Pair-Id=K3LHBTUA5A7KEY)
Brent Crude Oil (ICE) Intraday: Under pressure.
Pivot point:
78.80
Trading strategy:
Bearish below 78.80, target price at 77.50, then 76.40.
Alternate strategy:
Bullish above 78.80, target price set at 79.60, then 80.70.
Technical commentary:
RSI technical indicator below the 30 mark.
![ef8a80ee50fe433aaeeeb1895ea590681829](https://production-app-asset.traderknows.com/images/e191577142074377b6b68b368598efd4.width-800.png?Expires=1728271487&Signature=cBqr4g39GSTVnsTQvWi49IUIdrMgAhnafpm58-rax984UzLYLXy-jwBD2vmsJZLaF9c2ay8JwidyEsY10OPH-jNqyMNBMdmwohmSGtS7U3P38iaSetByDpozaohsjoVKjKHSz~VcQR9nrWJhhOWA-DmuIocAUnhRqGYz58ZkIxX5x-GcgtcTRUrzBxDT-o9pR~Rc2N~4woNJtHkVNVGuiA4NWnAIrr9TDwbMQvS7m6cf1uTV5W1A6FNbKJJP3klPE8KJkhX9ZsRDZPfWbY1Z1IdDQlYG7KQJRh1nAhOZXkc6iGGghqoV3kI0vePJh5ZQSKSzjvHtUX5H8hwPXTggqw__&Key-Pair-Id=K3LHBTUA5A7KEY)
UK FTSE 100 Index Futures Intraday: Under pressure.
Pivot point:
8296.00
Trading strategy:
Bearish below 8296.00, target price at 8226.00, then 8181.00.
Alternate strategy:
Bullish above 8296.00, target price set at 8327.00, then 8356.00.
Technical commentary:
RSI technical indicator bearish, with a further downward trend.
![ef8a80ee50fe433aaeeeb1895ea590682011](https://production-app-asset.traderknows.com/images/4acff2e61e8541d387ec36a46bc395f2.width-800.png?Expires=1728271487&Signature=SB9PoN2jMzzaXUY9secRWVCt5BqgXZRo-5ABcr~HmMISPTIfce10tZdHS~83IOoXkAmbyo7FfF2DGcZoF6J7gd18rFha3ZtAB4FfErIP7MwWVGg-zrXAZCiNv8YO5JeKSskCi9GTnxWK-Z~rIKmLf679AKP0iCdL68Sxe6QmqTSYL0m6qfcXmTYwyoutjDh1aV7KJn0GEXWZI-raSta5FESswOdRVBJEwtXAgJgrlJxKzm9VxYD7HDgvxvBRWzAthQFHPFtrAZk7jID4v33kZoJOXgqF8xUz39n1z0oeyBwHKfQNs9f2RhSNBjB-NrkadZ9ENlJBMnFBztqa7LTdyA__&Key-Pair-Id=K3LHBTUA5A7KEY)