Daily Technical Trading Strategies

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

AUD/USD Intraday: the upside prevails.   Pivot: 0.6675   Our preference: Long positions above 0.6675 with targets at 0.6720 & 0.6735 in extension.   Alternative scenario: Below 0.6675 look for further downside with 0.6660 & 0.6645 as targets.   Comment: The RSI is mixed to bullish.     TRADE NOW

EUR/USD Intraday: capped by a negative trend line.   Pivot: 1.0950   Our preference: Short positions below 1.0950 with targets at 1.0915 & 1.0900 in extension.   Alternative scenario: Above 1.0950 look for further upside with 1.0965 & 1.0980 as targets.   Comment: The RSI shows downside momentum.     TRADE NOW

GBP/USD Intraday: the downside prevails.   Pivot: 1.2730   Our preference: Short positions below 1.2730 with targets at 1.2670 & 1.2650 in extension.   Alternative scenario: Above 1.2730 look for further upside with 1.2750 & 1.2770 as targets.   Comment: The RSI is mixed to bearish.     TRADE NOW

USD/JPY Intraday: further advance.   Pivot: 144.30   Our preference: Long positions above 144.30 with targets at 145.40 & 145.80 in extension.   Alternative scenario: Below 144.30 look for further downside with 143.95 & 143.65 as targets.   Comment: The RSI is bullish and calls for further advance.     TRADE NOW

USD/CAD Intraday: the upside prevails.   Pivot: 1.3370   Our preference: Long positions above 1.3370 with targets at 1.3400 & 1.3415 in extension.   Alternative scenario: Below 1.3370 look for further downside with 1.3355 & 1.3340 as targets.   Comment: The RSI shows upside momentum.     TRADE NOW

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Gold Intraday: under pressure.   Pivot: 2036.00   Our preference: Short positions below 2036.00 with targets at 2017.00 & 2010.00 in extension.   Alternative scenario: Above 2036.00 look for further upside with 2043.00 & 2048.00 as targets.   Comment: The RSI calls for a drop.     TRADE NOW

Crude Oil (WTI)‎ (G4)‎ Intraday: further upside.   Pivot: 71.60   Our preference: Long positions above 71.60 with targets at 73.25 & 74.20 in extension.   Alternative scenario: Below 71.60 look for further downside with 71.10 & 70.50 as targets.   Comment: The RSI is bullish and calls for further upside.     TRADE NOW

Dow Jones (CME)‎ (H4)‎ Intraday: under pressure.   Pivot: 37830.00   Our preference: Short positions below 37830.00 with targets at 37610.00 & 37470.00 in extension.   Alternative scenario: Above 37830.00 look for further upside with 37980.00 & 38110.00 as targets.   Comment: The RSI is below its neutrality area at 50%     TRADE NOW

Dax (Eurex)‎ Intraday: choppy.   Pivot: 16920.00   Our preference: Short positions below 16920.00 with targets at 16655.00 & 16600.00 in extension.   Alternative scenario: Above 16920.00 look for further upside with 16990.00 & 17055.00 as targets.   Comment: As long as 16920.00 is resistance, look for choppy price action with a bearish bias.     TRADE NOW

Bitcoin / Dollar intraday: rebound towards 47360   Our pivot point stands at 45350.   Our preference: Rebound towards 47360.   Alternative scenario: Below 45350, expect 44560 and 44100.   Comment: The RSI is below 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 46060 and 46451).     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.