FxPro: Daily Technical Analysis before the European Market Opens, March 27, 2024

Explore the latest market perspectives from the Global Research Department of the Trading Center. Discover new trading methods and Is foreign exchange CAPX investment reliableopportunities from popular trading products.

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

Kind reminder: Due to market volatility, prices may have already moved beyond key levels, rendering strategies ineffective.

Spot Gold Today: Under Pressure.

Pivot Point:

2185.00

Trading Strategy:

Bearish below 2185.00, target levels at 2169.00, then 2163.00.

Alternative Strategy:

Bullish above 2185.00, target levels at 2200.00, then 2211.00.

Technical Commentary:

As long as resistance at 2185.00 holds, expect a bearish trend in price fluctuations.

GBP/USD Today: Under Pressure.

Pivot Point:

1.2640

Trading Strategy:

Bearish below 1.2640, target levels at 1.2590, then 1.2575.

Alternative Strategy:

Bullish above 1.2640, target levels at 1.2655, then 1.2670.

Technical Commentary:

The RSI indicator trends are complex, leaning towards a decline.

EUR/USD Today: Under Pressure.

Pivot Point:

1.0840

Trading Strategy:

Bearish below 1.0840, target levels at 1.0815, then 1.0800.

Alternative Strategy:

Bullish above 1.0840, target levels at 1.0850, then 1.0865.

Technical Commentary:

The RSI indicator lacks upward momentum.

EUR/JPY Today: Bullish with 163.76 as support.

163.76 as Pivot Point.

Trading Strategy:

Bullish with 163.76 as support.

Alternative Strategy:

If it breaks below 163.76, target EUR/JPY direction at 163.31 and 163.04.

Technical Commentary :

The RSI indicator is above the neutral 50 area. The MACD indicator is bullish and above its signal line. Moreover, prices are above their 20-day and 50-day moving averages (currently at 164.10 and 164.14).

EUR/GBP Today: Bullish with 0.8574 as support.

0.8574 as Pivot Point.

Trading Strategy:

Bullish with 0.8574 as support.

Alternative Strategy:

If it breaks below 0.8574, the trend will continue to decline, with target levels at 0.8563 and then 0.8557.

Technical Commentary :

The RSI indicator is above 50. The MACD indicator is bullish and above its signal line. Moreover, prices are above their 20-day and 50-day moving averages (currently at 0.8579 and 0.8578).

USD/CHF Today: Upward Trend.

Pivot Point:

0.9015

Trading Strategy:

Bullish above 0.9015, target levels at 0.9055, then 0.9070.

Alternative Strategy:

Bearish below 0.9015, target levels at 0.9000, then 0.8985.

Technical Commentary:

The RSI indicator trends are complex, leaning towards a rise.

Germany DAX Index Futures (Eurex)‎ (M4)‎ Today: Upward Trend.

Pivot Point:

18460.00

Trading Strategy:

Bullish above 18460.00, target levels at 18600.00, then 18640.00.

Alternative Strategy:

Bearish below 18460.00, target levels at 18405.00, then 18340.00.

Technical Commentary:

The RSI indicator is near the neutral 50% area.

Brent Crude (ICE)‎ (M4)‎ Today: Under Pressure.

Pivot Point:

85.60

Trading Strategy:

Bearish below 85.60, target levels at 84.55, then 84.00.

Alternative Strategy:

Bullish above 85.60, target levels at 86.10, then 86.50.

Technical Commentary:

The RSI indicator has broken below its 30 position.

UK FTSE 100 Index Futures Today: Short-term Adjustment.

Pivot Point:

7985.00

Trading Strategy:

Bearish below 7985.00, target levels at 7900.00, then 7865.00.

Alternative Strategy:

Bullish above 7985.00, target levels at 8020.00, then 8045.00.

Technical Commentary:

As long as resistance at 7985.00 holds, expect a bearish trend in price fluctuations.

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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