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: further advance. |
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Pivot: |
1.2055 |
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Our preference: |
Long positions above 1.2055 with targets at 1.2150 & 1.2200 in extension. |
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Alternative scenario: |
Below 1.2055 look for further downside with 1.2000 & 1.1960 as targets. |
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Comment: |
The RSI advocates for further upside. |
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AUD/USD Intraday: the upside prevails. |
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Pivot: |
0.6855 |
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Our preference: |
Long positions above 0.6855 with targets at 0.6970 & 0.7000 in extension. |
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Alternative scenario: |
Below 0.6855 look for further downside with 0.6820 & 0.6790 as targets. |
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Comment: |
The RSI advocates for further upside. |
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Gold Intraday: further advance. |
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Pivot: |
1862.00 |
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Our preference: |
Long positions above 1862.00 with targets at 1891.00 & 1900.00 in extension. |
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Alternative scenario: |
Below 1862.00 look for further downside with 1852.00 & 1840.00 as targets. |
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Comment: |
The RSI is bullish and calls for further advance. |
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USD/JPY Intraday: under pressure. |
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Pivot: |
132.60 |
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Our preference: |
Short positions below 132.60 with targets at 130.60 & 130.00 in extension. |
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Alternative scenario: |
Above 132.60 look for further upside with 133.30 & 134.00 as targets. |
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Comment: |
As long as the resistance at 132.60 is not surpassed, the risk of the break below 130.60 remains high. |
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Nasdaq 100 (CME) (H3) Intraday: the upside prevails. |
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Pivot: |
11070.00 |
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Our preference: |
Long positions above 11070.00 with targets at 11260.00 & 11380.00 in extension. |
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Alternative scenario: |
Below 11070.00 look for further downside with 10950.00 & 10890.00 as targets. |
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Comment: |
The break above 11070.00 is a positive signal that has opened a path to 11260.00. |
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Dow Jones (CME) (H3) Intraday: intraday support around 33570.00. |
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Pivot: |
33570.00 |
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Our preference: |
Long positions above 33570.00 with targets at 33970.00 & 34110.00 in extension. |
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Alternative scenario: |
Below 33570.00 look for further downside with 33430.00 & 33220.00 as targets. |
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Comment: |
The next resistances are at 33970.00 and then at 34110.00. |
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GBP/JPY intraday: under pressure below 160.29 |
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Our pivot point stands at 160.29. |
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Our preference: |
Under pressure below 160.29. |
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Alternative scenario: |
The upside breakout of 160.29, would call for 161.21 and 161.75. |
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Comment: |
The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 159.64 and 159.57). |
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