Explore the latest market perspectives from the Global Research Department of the Trading Center. Discover new trading methods and opportunities from popular trading products.
EUR/USD Spot Gold GBP/USD EUR/JPY EUR/GBP USD/CHF Germany DAX Index Futures (Eurex) Brent Crude Oil (ICE) UK FTSE 100 Index Futures
Kind reminder: Due to market fluctuations, prices may have crossed key levels, rendering strategies ineffective.
Spot Gold Trending: Facing resistance.
Pivot Point:
2322.00
Trading Strategy:
Bearish below 2322.00, with target prices at 2306.00, then 2292.00.
Alternative Strategy:
Bullish above 2322.00, with target prices at 2332.00, then 2346.00.
Technical Commentary:
As long as resistance at 2322.00 holds, expect a bearish trend in price fluctuation.
GBP/USD Trending: Downward.
Pivot Point:
1.2520
Trading Strategy:
Bearish below 1.2520, with target prices at 1.2460, then 1.2440.
Alternative Strategy:
Bullish above 1.2520, with target prices at 1.2545, then 1.2565.
Technical Commentary:
RSI technical indicator has fallen below the 30 level.
EUR/USD Trending: Targeting 1.0730.
Pivot Point:
1.0760
Trading Strategy:
Bearish below 1.0760, with target prices at 1.0730, then 1.0715.
Alternative Strategy:
Bullish above 1.0760, with target prices at 1.0775, then 1.0790.
Technical Commentary:
Breaking below 1.0730 could trigger a further drop to 1.0715.
EUR/JPY Trending: Bullish with support at 166.09.
Pivot Point:
166.09
Trading Strategy:
Bullish with support at 166.09.
Alternative Strategy:
If it falls below 166.09, EUR/JPY targets are at 165.46 and 165.08.
Technical Commentary:
RSI technical indicator is above the neutral 50 area. MACD technical indicator is above its signal line, indicating a bullish outlook. Additionally, the price is above its 20-day and 50-day moving averages (located at 166.43 and 166.35 respectively).
EUR/GBP Trending: Bullish with support at 0.8591, targeting 0.8622.
Pivot Point:
0.8591
Trading Strategy:
Bullish with support at 0.8591, targeting 0.8622.
Alternative Strategy:
Breaking below 0.8591 may lead to a continuation of the downward trend, with targets at 0.8579 then 0.8572.
Technical Commentary:
RSI technical indicator is above 50. MACD technical indicator is below its signal line but indicates a bullish outlook. Additionally, the price is above its 20-day and 50-day moving averages (located at 0.8599 and 0.8590 respectively).
USD/CHF Trending: Aiming for 0.9100.
Pivot Point:
0.9070
Trading Strategy:
Bullish above 0.9070, with target prices at 0.9100, then 0.9115.
Alternative Strategy:
Bearish below 0.9070, with target prices at 0.9055, then 0.9040.
Technical Commentary:
Above 0.9070 signals a bullish trend, with upward targets at 0.9100.
Germany DAX Index Futures (Eurex) (M4): Trending upwards.
Pivot Point:
18279.00
Trading Strategy:
Bullish above 18279.00, with target prices at 18439.00, then 18495.00.
Alternative Strategy:
Bearish below 18279.00, with target prices at 18230.00, then 18160.00.
Technical Commentary:
The RSI technical indicator has just reached the 50% neutral zone, indicating a bullish reversal.
Brent Crude Oil (ICE) (N4): Trending downward.
Pivot Point:
83.30
Trading Strategy:
Bearish below 83.30, with target prices at 82.40, then 82.00.
Alternative Strategy:
Bullish above 83.30, with target prices at 83.85, then 84.40.
Technical Commentary:
Breaking below 82.40 could lead to a further decline to 82.00.
UK FTSE 100 Index Futures: Trending upwards.
Pivot Point:
8262.00
Trading Strategy:
Bullish above 8262.00, with target prices at 8339.00, then 8374.00.
Alternative Strategy:
Bearish below 8262.00, with target prices at 8239.00, then 8207.00.
Technical Commentary:
Investors should exercise caution as these support or resistance levels may prompt profit-taking.
