FxPro: Daily Technical Analysis before the European Market Opens on March 26, 2024

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EUR/USD GBP/USD Spot Gold EUR/JPY EUR/GBP USD/CHF German DAX Index Futures (Eurex) Brent Crude (ICE) UK FTSE 100 Index Futures

Friendly Reminder: Due to market volatility, prices may have crossed key points, rendering strategies ineffective.

Spot Gold For intra-day: Ultra short-term (within the day) support is around 2164.00.

Pivot point:

2164.00

Trading strategy:

Above 2164.00, bullish, target prices at 2181.00, then at 2188.00.

Alternative strategy:

Below 2164.00, bearish, target prices at 2157.00, then at 2150.00.

Technical comment:

RSI shows an uptrend.

GBP/USD intra-day: bullish.

Pivot point:

1.2615

Trading strategy:

Above 1.2615, bullish, target prices at 1.2655, then at 1.2675.

Alternative strategy:

Below 1.2615, bearish, target prices at 1.2595, then at 1.2575.

Technical comment:

RSI indicator is trending upwards.

EUR/USD intra-day: An upward trend.

Pivot point:

1.0820

Trading strategy:

Above 1.0820, bullish, target prices at 1.0865, then at 1.0880.

Alternative strategy:

Below 1.0820, bearish, target prices at 1.0800, then at 1.0785.

Technical comment:

RSI indicator is trending upwards.

EUR/JPY intra-day: Bullish, with 163.81 as the support level, target set at 164.85.

163.81 as the pivot point.

Trading strategy:

Bullish, with 163.81 as the support level, target set at 164.85.

Alternative strategy:

If it falls below 163.81, EUR/JPY target direction set at 163.40 and 163.16.

Technical comment:

RSI technical indicator above the neutral zone of 50. MACD is bullish as it is below its signal line. Additionally, the price is above its 20-day and 50-day moving averages (currently at 164.08 and 163.96).

EUR/GBP intra-day: Bullish, with 0.8568 as the support level.

Pivot point set at:

0.8568

Trading strategy:

Bullish, with 0.8568 as the support level.

Alternative strategy:

If it falls below 0.8568, EUR/GBP target direction set at 0.8557 and 0.8551.

Technical comment:

RSI indicator above the neutral zone of 50. MACD is bullish and above its signal line. Additionally, the price is above its 20-day and 50-day moving averages (currently at 0.8575 and 0.8574).

USD/CHF intra-day: An uptrend.

Pivot point:

0.8980

Trading strategy:

Above 0.8980, bullish, target prices at 0.9020, then at 0.9035.

Alternative strategy:

Below 0.8980, bearish, target prices at 0.8965, then at 0.8950.

Technical comment:

RSI indicator shows a complex trend, leaning towards rising.

German DAX Index Futures (Eurex)‎ (M4)‎ intra-day: Bullish above 18440.00.

Pivot point:

18440.00

Trading strategy:

Above 18440.00, bullish, target prices at 18530.00, then at 18570.00.

Alternative strategy:

Below 18440.00, bearish, target prices at 18405.00, then at 18340.00.

Technical comment:

RSI indicator shows a complex trend, proceed with caution.

Brent Crude Oil (ICE)‎ (M4)‎ intra-day: Bullish above 85.75.

Pivot point:

85.75

Trading strategy:

Above 85.75, bullish, target prices at 86.80, then at 87.10.

Alternative strategy:

Below 85.75, bearish, target prices at 85.40, then at 85.00.

Technical comment:

RSI indicator shows a complex trend, leaning towards rising.

UK FTSE 100 Index Futures intra-day: A short-term adjustment.

Pivot point:

7985.00

Trading strategy:

Below 7985.00, bearish, target prices at 7919.00, then at 7890.00.

Alternative strategy:

Above 7985.00, bullish, target prices at 8020.00, then at 8045.00.

Technical comment:

RSI indicator is below the 50% neutral zone.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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