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: turning down. |
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Pivot: |
0.6680 |
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Our preference: |
Short positions below 0.6680 with targets at 0.6610 & 0.6580 in extension. |
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Alternative scenario: |
Above 0.6680 look for further upside with 0.6700 & 0.6715 as targets. |
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Comment: |
Technically the RSI is below its neutrality area at 50. |
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Gold Intraday: bullish bias above 1893.00. |
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Pivot: |
1893.00 |
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Our preference: |
Long positions above 1893.00 with targets at 1923.00 & 1936.00 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 RSI is mixed with a bullish bias. |
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GBP/USD Intraday: bullish bias above 1.2100. |
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Pivot: |
1.2100 |
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Our preference: |
Long positions above 1.2100 with targets at 1.2200 & 1.2230 in extension. |
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Alternative scenario: |
Below 1.2100 look for further downside with 1.2070 & 1.2045 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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USD/JPY Intraday: continuation of the rebound. |
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Pivot: |
133.00 |
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Our preference: |
Long positions above 133.00 with targets at 134.15 & 134.70 in extension. |
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Alternative scenario: |
Below 133.00 look for further downside with 132.60 & 132.25 as targets. |
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Comment: |
The RSI calls for a rebound. |
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Nasdaq 100 (CME) (M3) Intraday: key resistance at 12250.00. |
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Pivot: |
12250.00 |
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Our preference: |
Short positions below 12250.00 with targets at 11930.00 & 11805.00 in extension. |
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Alternative scenario: |
Above 12250.00 look for further upside with 12320.00 & 12390.00 as targets. |
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Comment: |
As long as 12250.00 is resistance, expect a return to 11930.00. |
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Dow Jones (CME) (M3) Intraday: key resistance at 32490.00. |
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Pivot: |
32490.00 |
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Our preference: |
Short positions below 32490.00 with targets at 31950.00 & 31740.00 in extension. |
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Alternative scenario: |
Above 32490.00 look for further upside with 32685.00 & 32890.00 as targets. |
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Comment: |
A break below 31950.00 would trigger a drop towards 31740.00. |
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GBP/JPY intraday: the upside prevails as long as 161.91 is support |
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Our pivot point stands at 161.91. |
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Our preference: |
The upside prevails as long as 161.91 is support. |
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Alternative scenario: |
The downside breakout of 161.91 would call for 161.20 and 160.77. |
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Comment: |
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 162.34 and 162). |
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