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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Gold Intraday: the bias remains bullish. |
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Pivot: |
1893.00 |
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Our preference: |
Long positions above 1893.00 with targets at 1915.00 & 1927.00 in extension. |
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Alternative scenario: |
Below 1893.00 look for further downside with 1883.00 & 1872.00 as targets. |
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Comment: |
The immediate trend remains up but the momentum is weak. |
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Nasdaq 100 (CME) (M3) Intraday: turning up. |
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Pivot: |
12200.00 |
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Our preference: |
Long positions above 12200.00 with targets at 12500.00 & 12600.00 in extension. |
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Alternative scenario: |
Below 12200.00 look for further downside with 12050.00 & 11930.00 as targets. |
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Comment: |
The RSI calls for a new upleg. |
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Dow Jones (CME) (M3) Intraday: choppy. |
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Pivot: |
32645.00 |
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Our preference: |
Short positions below 32645.00 with targets at 32040.00 & 31830.00 in extension. |
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Alternative scenario: |
Above 32645.00 look for further upside with 32890.00 & 33230.00 as targets. |
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Comment: |
As long as 32645.00 is resistance, look for choppy price action with a bearish bias. |
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GBP/JPY intraday: as long as 162.79 is support look for 164.67 |
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Our pivot point is at 162.79. |
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Our preference: |
As long as 162.79 is support look for 164.67. |
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Alternative scenario: |
Below 162.79, expect 162.07 and 161.64. |
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Comment: |
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 163.29 and 163.15). |
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GBP/USD Intraday: the bias remains bullish. |
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Pivot: |
1.2130 |
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Our preference: |
Long positions above 1.2130 with targets at 1.2200 & 1.2230 in extension. |
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Alternative scenario: |
Below 1.2130 look for further downside with 1.2100 & 1.2070 as targets. |
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Comment: |
The RSI calls for a bounce. |
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USD/JPY Intraday: intraday support around 133.80. |
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Pivot: |
133.80 |
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Our preference: |
Long positions above 133.80 with targets at 134.60 & 134.90 in extension. |
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Alternative scenario: |
Below 133.80 look for further downside with 133.50 & 133.20 as targets. |
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Comment: |
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |
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AUD/USD Intraday: the upside prevails. |
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Pivot: |
0.6670 |
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Our preference: |
Long positions above 0.6670 with targets at 0.6730 & 0.6750 in extension. |
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Alternative scenario: |
Below 0.6670 look for further downside with 0.6650 & 0.6630 as targets. |
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Comment: |
The RSI calls for a new upleg. |
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