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!
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| Today's Trading Strategies |
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| 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! |
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Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out. |
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| GBP/USD Intraday: bullish bias above 1.1975. |
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| Pivot: |
| 1.1975 |
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| Our preference: |
| Long positions above 1.1975 with targets at 1.2040 & 1.2075 in extension. |
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| Alternative scenario: |
| Below 1.1975 look for further downside with 1.1950 & 1.1920 as targets. |
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| Comment: |
| A support base at 1.1975 has formed and has allowed for a temporary stabilisation. |
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| AUD/USD Intraday: under pressure. |
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| Pivot: |
| 0.6780 |
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| Our preference: |
| Short positions below 0.6780 with targets at 0.6710 & 0.6695 in extension. |
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| Alternative scenario: |
| Above 0.6780 look for further upside with 0.6800 & 0.6825 as targets. |
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| Comment: |
| The RSI lacks upward momentum. |
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| Gold Intraday: intraday support around 1829.00. |
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| Pivot: |
| 1829.00 |
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| Our preference: |
| Long positions above 1829.00 with targets at 1840.00 & 1845.00 in extension. |
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| Alternative scenario: |
| Below 1829.00 look for further downside with 1823.00 & 1818.00 as targets. |
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| Comment: |
| Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |
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| USD/JPY Intraday: the upside prevails. |
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| Pivot: |
| 135.80 |
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| Our preference: |
| Long positions above 135.80 with targets at 136.80 & 137.10 in extension. |
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| Alternative scenario: |
| Below 135.80 look for further downside with 135.50 & 135.20 as targets. |
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| Comment: |
| The RSI advocates for further upside. |
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| Nasdaq 100 (CME) (H3) Intraday: the downside prevails. |
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| Pivot: |
| 12030.00 |
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| Our preference: |
| Short positions below 12030.00 with targets at 11830.00 & 11760.00 in extension. |
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| Alternative scenario: |
| Above 12030.00 look for further upside with 12090.00 & 12140.00 as targets. |
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| Comment: |
| The RSI is bearish and calls for further decline. |
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| Dow Jones (CME) (H3) Intraday: key resistance at 32930.00. |
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| Pivot: |
| 32930.00 |
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| Our preference: |
| Short positions below 32930.00 with targets at 32580.00 & 32500.00 in extension. |
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| Alternative scenario: |
| Above 32930.00 look for further upside with 33020.00 & 33110.00 as targets. |
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| Comment: |
| As long as the resistance at 32930.00 is not surpassed, the risk of the break below 32580.00 remains high. |
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| GBP/JPY intraday: technical rebound towards 164.34 before a new drop |
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| Our pivot point is at 164.34. |
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| Our preference: |
| Technical rebound towards 164.34 before a new drop. |
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| Alternative scenario: |
| Above 164.34, look for 165.13 and 165.59. |
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| Comment: |
| The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (163.62) but under its 50 period moving average (163.72). |
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