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: towards 1.2270. |
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Pivot: |
1.2370 |
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Our preference: |
Short positions below 1.2370 with targets at 1.2300 & 1.2270 in extension. |
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Alternative scenario: |
Above 1.2370 look for further upside with 1.2400 & 1.2435 as targets. |
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Comment: |
The RSI advocates for further downside. |
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AUD/USD Intraday: the downside prevails. |
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Pivot: |
0.6945 |
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Our preference: |
Short positions below 0.6945 with targets at 0.6890 & 0.6850 in extension. |
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Alternative scenario: |
Above 0.6945 look for further upside with 0.6975 & 0.7000 as targets. |
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Comment: |
As long as the resistance at 0.6945 is not surpassed, the risk of the break below 0.6890 remains high. |
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Gold Intraday: choppy. |
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Pivot: |
1913.00 |
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Our preference: |
Short positions below 1913.00 with targets at 1896.00 & 1891.00 in extension. |
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Alternative scenario: |
Above 1913.00 look for further upside with 1919.00 & 1926.00 as targets. |
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Comment: |
As long as 1913.00 is resistance, look for choppy price action with a bearish bias. |
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Nasdaq 100 (CME) (H3) Intraday: the downside prevails. |
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Pivot: |
11580.00 |
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Our preference: |
Short positions below 11580.00 with targets at 11440.00 & 11360.00 in extension. |
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Alternative scenario: |
Above 11580.00 look for further upside with 11635.00 & 11720.00 as targets. |
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Comment: |
A break below 11440.00 would trigger a drop towards 11360.00. |
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Dow Jones (CME) (H3) Intraday: under pressure. |
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Pivot: |
33660.00 |
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Our preference: |
Short positions below 33660.00 with targets at 33200.00 & 33000.00 in extension. |
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Alternative scenario: |
Above 33660.00 look for further upside with 33760.00 & 33920.00 as targets. |
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Comment: |
The RSI has broken down its 30 level. |
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USD/JPY Intraday: watch 127.20. |
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Pivot: |
129.30 |
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Our preference: |
Short positions below 129.30 with targets at 127.60 & 127.20 in extension. |
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Alternative scenario: |
Above 129.30 look for further upside with 130.00 & 130.70 as targets. |
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Comment: |
The RSI is bearish and calls for further decline. |
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GBP/JPY Intraday: the downside prevails. |
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Pivot: |
159.40 |
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Our preference: |
Short positions below 159.40 with targets at 157.60 & 156.90 in extension. |
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Alternative scenario: |
Above 159.40 look for further upside with 160.00 & 160.80 as targets. |
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Comment: |
The RSI is bearish and calls for further decline. |
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