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: further upside.   Pivot: 1.2695   Our preference: Long positions above 1.2695 with targets at 1.2760 & 1.2775 in extension.   Alternative scenario: Below 1.2695 look for further downside with 1.2680 & 1.2665 as targets.   Comment: The RSI shows upside momentum.     TRADE NOW

EUR/USD Intraday: further advance.   Pivot: 1.0875   Our preference: Long positions above 1.0875 with targets at 1.0925 & 1.0940 in extension.   Alternative scenario: Below 1.0875 look for further downside with 1.0860 & 1.0845 as targets.   Comment: The RSI shows upside momentum.     TRADE NOW

USD/JPY Intraday: under pressure.   Pivot: 147.75   Our preference: Short positions below 147.75 with targets at 146.80 & 146.25 in extension.   Alternative scenario: Above 147.75 look for further upside with 148.30 & 148.55 as targets.   Comment: The RSI shows downside momentum.     TRADE NOW

AUD/USD Intraday: the upside prevails.   Pivot: 0.6565   Our preference: Long positions above 0.6565 with targets at 0.6630 & 0.6645 in extension.   Alternative scenario: Below 0.6565 look for further downside with 0.6545 & 0.6525 as targets.   Comment: The RSI shows upside momentum.     TRADE NOW

USD/CAD Intraday: under pressure.   Pivot: 1.3485   Our preference: Short positions below 1.3485 with targets at 1.3430 & 1.3410 in extension.   Alternative scenario: Above 1.3485 look for further upside with 1.3500 & 1.3520 as targets.   Comment: The RSI shows downside momentum.     TRADE NOW

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Gold Intraday: expect 2039.00.   Pivot: 2023.00   Our preference: Long positions above 2023.00 with targets at 2039.00 & 2046.00 in extension.   Alternative scenario: Below 2023.00 look for further downside with 2017.00 & 2012.00 as targets.   Comment: The RSI is mixed with a bullish bias.     TRADE NOW

Crude Oil (WTI)‎ (H4)‎ Intraday: intraday support around 74.30.   Pivot: 74.30   Our preference: Long positions above 74.30 with targets at 75.30 & 75.80 in extension.   Alternative scenario: Below 74.30 look for further downside with 73.75 & 73.10 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 38030.00.   Pivot: 38030.00   Our preference: Long positions above 38030.00 with targets at 38310.00 & 38430.00 in extension.   Alternative scenario: Below 38030.00 look for further downside with 37880.00 & 37670.00 as targets.   Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.     TRADE NOW

Dax (Eurex)‎ Intraday: bullish bias above 16640.00.   Pivot: 16640.00   Our preference: Long positions above 16640.00 with targets at 16890.00 & 16975.00 in extension.   Alternative scenario: Below 16640.00 look for further downside with 16540.00 & 16470.00 as targets.   Comment: The RSI lacks momentum.     TRADE NOW

Bitcoin / Dollar intraday: rebound towards 41310   Our pivot point is at 39480.   Our preference: Rebound towards 41310.   Alternative scenario: Below 39480, expect 38790 and 38380.   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 above its 20 period moving average (39908) but below its 50 period moving average (40382).     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.