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 1.2115. |
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Pivot: |
1.2115 |
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Our preference: |
Long positions above 1.2115 with targets at 1.2185 & 1.2220 in extension. |
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Alternative scenario: |
Below 1.2115 look for further downside with 1.2080 & 1.2050 as targets. |
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Comment: |
A support base at 1.2115 has formed and has allowed for a temporary stabilisation. |
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AUD/USD Intraday: watch 0.6650. |
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Pivot: |
0.6710 |
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Our preference: |
Short positions below 0.6710 with targets at 0.6650 & 0.6620 in extension. |
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Alternative scenario: |
Above 0.6710 look for further upside with 0.6730 & 0.6755 as targets. |
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Comment: |
A break below 0.6650 would trigger a drop towards 0.6620. |
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Gold Intraday: rebound. |
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Pivot: |
1783.00 |
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Our preference: |
Long positions above 1783.00 with targets at 1798.00 & 1803.00 in extension. |
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Alternative scenario: |
Below 1783.00 look for further downside with 1778.00 & 1773.00 as targets. |
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Comment: |
The RSI shows upside momentum. |
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USD/JPY Intraday: the downside prevails. |
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Pivot: |
135.00 |
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Our preference: |
Short positions below 135.00 with targets at 132.80 & 131.60 in extension. |
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Alternative scenario: |
Above 135.00 look for further upside with 135.80 & 136.50 as targets. |
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Comment: |
The RSI calls for a slump. |
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Nasdaq 100 (CME) (H3) Intraday: the downside prevails. |
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Pivot: |
11230.00 |
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Our preference: |
Short positions below 11230.00 with targets at 11000.00 & 10870.00 in extension. |
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Alternative scenario: |
Above 11230.00 look for further upside with 11310.00 & 11410.00 as targets. |
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Comment: |
The RSI has broken down its 30 level. |
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Dow Jones (CME) (H3) Intraday: the downside prevails. |
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Pivot: |
33100.00 |
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Our preference: |
Short positions below 33100.00 with targets at 32600.00 & 32360.00 in extension. |
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Alternative scenario: |
Above 33100.00 look for further upside with 33270.00 & 33480.00 as targets. |
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Comment: |
The RSI calls for a drop. |
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GBP/JPY intraday: as long as 165.50 is support look for 167.78 |
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165.50 is our pivot point. |
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Our preference: |
As long as 165.50 is support look for 167.78. |
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Alternative scenario: |
Below 165.50, expect 164.72 and 164.26. |
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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 pair is trading under its 20 period moving average (166.38) but above its 50 period moving average (166.09). |
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