Daily Technical Trading Strategies

GBP/USD   EUR/USD   USD/JPY   AUD/USD   USD/CAD   Gold   Crude Oil (WTI)   Dow Jones (CME)   Dax (Eurex)   Bitcoin / USD

GBP/USD Intraday: the upside prevails.   Pivot: 1.2740   Our preference: Long positions above 1.2740 with targets at 1.2810 & 1.2830 in extension.   Alternative scenario: Below 1.2740 look for further downside with 1.2720 & 1.2700 as targets.   Comment: The RSI shows upside momentum.     TRADE NOW

EUR/USD Intraday: the upside prevails.   Pivot: 1.0950   Our preference: Long positions above 1.0950 with targets at 1.1000 & 1.1020 in extension.   Alternative scenario: Below 1.0950 look for further downside with 1.0930 & 1.0915 as targets.   Comment: Technically the RSI is above its neutrality area at 50.     TRADE NOW

USD/JPY Intraday: under pressure.   Pivot: 145.70   Our preference: Short positions below 145.70 with targets at 144.70 & 144.30 in extension.   Alternative scenario: Above 145.70 look for further upside with 146.05 & 146.40 as targets.   Comment: The RSI shows downside momentum.     TRADE NOW

AUD/USD Intraday: the upside prevails.   Pivot: 0.6685   Our preference: Long positions above 0.6685 with targets at 0.6725 & 0.6745 in extension.   Alternative scenario: Below 0.6685 look for further downside with 0.6665 & 0.6650 as targets.   Comment: The RSI advocates for further upside.     TRADE NOW

USD/CAD Intraday: under pressure.   Pivot: 1.3410   Our preference: Short positions below 1.3410 with targets at 1.3350 & 1.3330 in extension.   Alternative scenario: Above 1.3410 look for further upside with 1.3425 & 1.3440 as targets.   Comment: Technically the RSI is below its neutrality area at 50.     TRADE NOW

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Gold Intraday: look for 2050.00.   Pivot: 2025.00   Our preference: Long positions above 2025.00 with targets at 2040.00 & 2050.00 in extension.   Alternative scenario: Below 2025.00 look for further downside with 2020.00 & 2013.00 as targets.   Comment: The RSI is bullish and calls for further advance.     TRADE NOW

Crude Oil (WTI)‎ (G4)‎ Intraday: the upside prevails.   Pivot: 72.85   Our preference: Long positions above 72.85 with targets at 74.20 & 74.80 in extension.   Alternative scenario: Below 72.85 look for further downside with 72.30 & 71.80 as targets.   Comment: The RSI has just landed on its neutrality area at 50% and is turning up.     TRADE NOW

Dow Jones (CME)‎ (H4)‎ Intraday: intraday support around 37790.00.   Pivot: 37790.00   Our preference: Long positions above 37790.00 with targets at 38030.00 & 38110.00 in extension.   Alternative scenario: Below 37790.00 look for further downside with 37630.00 & 37520.00 as targets.   Comment: The next resistances are at 38030.00 and then at 38110.00.     TRADE NOW

Dax (Eurex)‎ Intraday: key resistance at 16975.00.   Pivot: 16975.00   Our preference: Short positions below 16975.00 with targets at 16665.00 & 16580.00 in extension.   Alternative scenario: Above 16975.00 look for further upside with 17044.00 & 17115.00 as targets.   Comment: As long as 16975.00 is resistance, look for choppy price action with a bearish bias.     TRADE NOW

Bitcoin / Dollar intraday: rebound towards 47520   45480 is our pivot point.   Our preference: Rebound towards 47520.   Alternative scenario: Below 45480, expect 44690 and 44230.   Comment: The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 46201 and 46481).     TRADE NOW Skype Twitter Facebook Instagram LinkedIn YouTube Pinterest Disclaimer: TraderFactor may publish on its website or send market reports and market news to recipients for informational purposes. The published information is obtained from various publicly available and reliable sources. TraderFactor shall not assume any liability for the accuracy or completeness of any information in any materials published or displayed on its communication channels (web portals, emails, websites, etc.). Any Market/financial information (including any opinion), materials, and reports communicated by TraderFactor to recipients by any means on its communication channels (including without limitation the following: web portal, emails, website, etc.) does not take into consideration the recipient’s investment objectives or current financial situation and should not be considered as being investment advice and/or recommendation, and/or an offer to enter into a Contract or an offer to buy or sell or the solicitation of an offer to buy or sell any Instrument. TraderFactor shall not bear any liability for any loss, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information; All decisions and actions of any type taken by the Client shall be issued by them and by their absolute free will, and according to their personal conviction, opinion and judgement and under their own and full responsibility. Before trading with TraderFactor's regulated partnered list of brokers, Clients must know that Trading Foreign Exchange and Contracts for Difference (CFDs) is highly speculative and may not be suitable for all investors. TRADING CENTRAL Terms and conditions The information provided does not constitute, in any way, a solicitation or inducement to buy or sell securities and similar products. Comments and analysis reflect the views of TRADING CENTRAL at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of TRADING CENTRAL. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and financial derivatives such as futures, CFDs (Contracts for Difference), warrants, turbos or certificates involve a high degree of risk. They require a good level of financial knowledge and experience. TRADING CENTRAL recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued. TRADING CENTRAL recommends reading the "risk factors" section of the prospectus for any financial product mentioned. Head of Research at TRADING CENTRAL: Rémy GAUSSENS TRADING CENTRAL is governed by the code of conduct of the association ANACOFI-CIF, association approved by the Financial Markets Authority and registered with ORIAS under number 17005458.