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
March 13, 2023
 
   
 
AUD/USD   Gold   GBP/USD   USD/JPY   Nasdaq 100 (CME)   Dow Jones (CME)   GBP/JPY  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
AUD/USD Intraday: further advance.
 
Pivot:
0.6605
 
Our preference:
Long positions above 0.6605 with targets at 0.6700 & 0.6725 in extension.
 
Alternative scenario:
Below 0.6605 look for further downside with 0.6580 & 0.6560 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 
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Gold Intraday: bullish bias above 1866.00.
 
Pivot:
1866.00
 
Our preference:
Long positions above 1866.00 with targets at 1900.00 & 1908.00 in extension.
 
Alternative scenario:
Below 1866.00 look for further downside with 1858.00 & 1849.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 
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GBP/USD Intraday: further upside.
 
Pivot:
1.2055
 
Our preference:
Long positions above 1.2055 with targets at 1.2180 & 1.2220 in extension.
 
Alternative scenario:
Below 1.2055 look for further downside with 1.2020 & 1.1980 as targets.
 
Comment:
Technically the RSI is above its neutrality area at 50.
 
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USD/JPY Intraday: key resistance at 135.10.
 
Pivot:
135.10
 
Our preference:
Short positions below 135.10 with targets at 133.30 & 132.85 in extension.
 
Alternative scenario:
Above 135.10 look for further upside with 135.55 & 136.10 as targets.
 
Comment:
As long as the resistance at 135.10 is not surpassed, the risk of the break below 133.30 remains high.
 
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Nasdaq 100 (CME)‎ (M3)‎ Intraday: look for 12390.00.
 
Pivot:
12040.00
 
Our preference:
Long positions above 12040.00 with targets at 12320.00 & 12390.00 in extension.
 
Alternative scenario:
Below 12040.00 look for further downside with 11930.00 & 11840.00 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Dow Jones (CME)‎ (M3)‎ Intraday: rebound.
 
Pivot:
32240.00
 
Our preference:
Long positions above 32240.00 with targets at 32890.00 & 33080.00 in extension.
 
Alternative scenario:
Below 32240.00 look for further downside with 32040.00 & 31800.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
GBP/JPY intraday: rebound towards 163.91
 
Our pivot point is at 161.82.
 
Our preference:
Rebound towards 163.91.
 
Alternative scenario:
Below 161.82, expect 161.11 and 160.69.
 
Comment:
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (162.39) but under its 50 period moving average (162.89).
 
Analyst Views Chart
 
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