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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AUD/USD Intraday: rebound. |
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Pivot: |
0.6625 |
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Our preference: |
Long positions above 0.6625 with targets at 0.6675 & 0.6695 in extension. |
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Alternative scenario: |
Below 0.6625 look for further downside with 0.6610 & 0.6590 as targets. |
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Comment: |
The RSI calls for a rebound. |
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Gold Intraday: key resistance at 1986.00. |
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Pivot: |
1986.00 |
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Our preference: |
Short positions below 1986.00 with targets at 1964.00 & 1954.00 in extension. |
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Alternative scenario: |
Above 1986.00 look for further upside with 1994.00 & 2003.00 as targets. |
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Comment: |
As long as 1986.00 is resistance, expect a return to 1964.00. |
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GBP/USD Intraday: rebound. |
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Pivot: |
1.2210 |
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Our preference: |
Long positions above 1.2210 with targets at 1.2270 & 1.2290 in extension. |
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Alternative scenario: |
Below 1.2210 look for further downside with 1.2190 & 1.2170 as targets. |
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Comment: |
The RSI calls for a rebound. |
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USD/JPY Intraday: bullish bias above 130.30. |
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Pivot: |
130.30 |
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Our preference: |
Long positions above 130.30 with targets at 131.20 & 131.60 in extension. |
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Alternative scenario: |
Below 130.30 look for further downside with 129.90 & 129.60 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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Nasdaq 100 (CME) (M3) Intraday: further advance. |
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Pivot: |
12830.00 |
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Our preference: |
Long positions above 12830.00 with targets at 13030.00 & 13080.00 in extension. |
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Alternative scenario: |
Below 12830.00 look for further downside with 12730.00 & 12670.00 as targets. |
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Comment: |
The RSI is bullish and calls for further upside. |
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Dow Jones (CME) (M3) Intraday: rebound expected. |
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Pivot: |
32270.00 |
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Our preference: |
Long positions above 32270.00 with targets at 32830.00 & 32990.00 in extension. |
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Alternative scenario: |
Below 32270.00 look for further downside with 31980.00 & 31820.00 as targets. |
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Comment: |
The RSI is mixed with a bullish bias. |
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GBP/JPY intraday: as long as 159.42 is support look for 161.23 |
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Our pivot point stands at 159.42. |
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Our preference: |
As long as 159.42 is support look for 161.23. |
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Alternative scenario: |
Below 159.42, expect 158.72 and 158.31. |
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Comment: |
The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 159.97 and 159.69). |
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