Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!
Newsletter Header
 
Today's Trading Strategies
March 15, 2023
 
   
 
Gold   Nasdaq 100 (CME)   Dow Jones (CME)   GBP/JPY   GBP/USD   USD/JPY   AUD/USD  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Gold Intraday: the bias remains bullish.
 
Pivot:
1893.00
 
Our preference:
Long positions above 1893.00 with targets at 1915.00 & 1927.00 in extension.
 
Alternative scenario:
Below 1893.00 look for further downside with 1883.00 & 1872.00 as targets.
 
Comment:
The immediate trend remains up but the momentum is weak.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Nasdaq 100 (CME)‎ (M3)‎ Intraday: turning up.
 
Pivot:
12200.00
 
Our preference:
Long positions above 12200.00 with targets at 12500.00 & 12600.00 in extension.
 
Alternative scenario:
Below 12200.00 look for further downside with 12050.00 & 11930.00 as targets.
 
Comment:
The RSI calls for a new upleg.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Dow Jones (CME)‎ (M3)‎ Intraday: choppy.
 
Pivot:
32645.00
 
Our preference:
Short positions below 32645.00 with targets at 32040.00 & 31830.00 in extension.
 
Alternative scenario:
Above 32645.00 look for further upside with 32890.00 & 33230.00 as targets.
 
Comment:
As long as 32645.00 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
GBP/JPY intraday: as long as 162.79 is support look for 164.67
 
Our pivot point is at 162.79.
 
Our preference:
As long as 162.79 is support look for 164.67.
 
Alternative scenario:
Below 162.79, expect 162.07 and 161.64.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 163.29 and 163.15).
 
Analyst Views Chart
 
Trade
 
 
 
 
 
GBP/USD Intraday: the bias remains bullish.
 
Pivot:
1.2130
 
Our preference:
Long positions above 1.2130 with targets at 1.2200 & 1.2230 in extension.
 
Alternative scenario:
Below 1.2130 look for further downside with 1.2100 & 1.2070 as targets.
 
Comment:
The RSI calls for a bounce.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
USD/JPY Intraday: intraday support around 133.80.
 
Pivot:
133.80
 
Our preference:
Long positions above 133.80 with targets at 134.60 & 134.90 in extension.
 
Alternative scenario:
Below 133.80 look for further downside with 133.50 & 133.20 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
AUD/USD Intraday: the upside prevails.
 
Pivot:
0.6670
 
Our preference:
Long positions above 0.6670 with targets at 0.6730 & 0.6750 in extension.
 
Alternative scenario:
Below 0.6670 look for further downside with 0.6650 & 0.6630 as targets.
 
Comment:
The RSI calls for a new upleg.
 
Analyst Views Chart
 
Trade
 
 
Banner Ad
     
 
 
TRADING CENTRAL Terms and conditions

The information provided does not constitute, in any way, a solicitation or inducement to buy or sell securities and similar products. Comments and analysis reflect the views of TRADING CENTRAL at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of TRADING CENTRAL. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and financial derivatives such as futures, CFDs (Contracts for Difference), warrants, turbos or certificates involve a high degree of risk. They require a good level of financial knowledge and experience. TRADING CENTRAL recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued. TRADING CENTRAL recommends reading the "risk factors" section of the prospectus for any financial product mentioned.

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the code of conduct of the association ANACOFI-CIF, association approved by the Financial Markets Authority and registered with ORIAS under number 17005458.

In the United States, TRADING CENTRAL AMERICAS, INC. is a Registered Investment Adviser (RIA) with the U.S. Securities and Exchange Commission (SEC) under IARD/CRD number 801-67210. Services are provided in the United States by TRADING Central Americas, Inc. TRADING Central will provide a copy of its most recent written disclosure statement without charge upon written request. Notwithstanding the foregoing paragraphs, nothing herein shall constitute a waiver or limitation of any U.S. person's rights under relevant U.S. federal or state laws.

In Asia, TRADING CENTRAL ASIA LTD has received a license (number AWI815) from the Hong Kong-based Securities and Futures Commission (SFC) to conduct “Type 4” and “Type 5” regulated activities (Advising on Securities and Futures).

TRADING CENTRAL recommends that you read the legal and regulatory information and warnings about the information provided by visiting the following link : terms_of_use_web_sites_en.pdf

Headquarters of the publisher : TRADING CENTRAL SA, 11 bis rue Scribe, 75009 Paris
RCS : PARIS B 423 512 607 VAT N° FR 174 235 12607
 
 
 
 
Client Logo
 

Trading Central