FxPro: Daily Technical Analysis ahead of the European Market Opening on April 10, 2024.

View today's market insights from the Global Research Department at the Trading Center. Explore new trading methods and Foreign exchange trading systemopportunities 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 fluctuations, prices may have moved past key points, rendering strategies ineffective.

EUR/USD Intraday: Upward trend.

Pivot Point:

1.0845

Trading Strategy:

Above 1.0845, bullish with target prices at 1.0860 and then 1.0870.

Alternative Strategy:

Below 1.0845, bearish with target prices at 1.0830 and then 1.0820.

Technical Comment:

The RSI indicator is moving upwards.

Spot Gold Intraday: Bullish.

Pivot Point:

2344.00

Trading Strategy:

Above 2344.00, bullish with target prices at 2364.00 and then 2375.00.

Alternative Strategy:

Below 2344.00, bearish with target prices at 2338.00 and then 2327.00.

Technical Comment:

On the RSI indicator, bullish.

GBP/USD Intraday: Bullish above 1.2660.

Pivot Point:

1.2660

Trading Strategy:

Above 1.2660, bullish with target prices at 1.2690 and then 1.2710.

Alternative Strategy:

Below 1.2660, bearish with target prices at 1.2645 and then 1.2630.

Technical Comment:

A support base around 1.2660 could stabilize the trend short term.

EUR/JPY Intraday: Bullish.

164.40 as the pivot point.

Trading Strategy:

Bullish.

Alternative Strategy:

If it breaks below 164.40, EUR/JPY targets are set at 163.93 and 163.65.

Technical Comment:

RSI above 50. MACD is bearish but above its signal line. Moreover, the price is below its 50-day moving average (164.85) but above its 20-day moving average (164.72).

EUR/GBP Intraday: Potentially rising, target at 0.8583.

Pivot point at:

0.8557

Trading Strategy:

Potential rise, with a target at 0.8583.

Alternative Strategy:

A downward break of 0.8557 would trend downwards, with targets at 0.8547 and then 0.8541.

Technical Comment:

RSI below 50. MACD is bearish and above its signal line. Additionally, the price is below its 20-day and 50-day moving averages (at 0.8565 and 0.8571 respectively).

USD/CHF Intraday: Under pressure.

Pivot Point:

0.9045

Trading Strategy:

Below 0.9045, bearish with target prices at 0.9020 and then 0.9010.

Alternative Strategy:

Above 0.9045, bullish with target prices at 0.9055 and then 0.9065.

Technical Comment:

As long as resistance at 0.9045 remains, the price movement has a bearish trend.

Germany DAX Index Futures (Eurex)‎ (M4)‎ Intraday: Under pressure.

Pivot Point:

18680.00

Trading Strategy:

Below 18680.00, bearish with target prices at 18410.00 and then 18340.00.

Alternative Strategy:

Above 18680.00, bullish with target prices at 18770.00 and then 18840.00.

Technical Comment:

As long as resistance at 18680.00 remains, the price movement has a bearish trend.

Brent Crude (ICE)‎ (M4)‎ Intraday: Downward trend.

Pivot Point:

90.10

Trading Strategy:

Below 90.10, bearish with target prices at 88.80 and then 88.20.

Alternative Strategy:

Above 90.10, bullish with target prices at 90.55 and then 91.00.

Technical Comment:

RSI indicator shows a new downward trend.

UK FTSE 100

Index Futures Intraday: Bullish above 7935.00.

Pivot Point:

7935.00

Trading Strategy:

Above 7935.00, bullish with target prices at 7986.00 and then 8008.00.

Alternative Strategy:

Below 7935.00, bearish with target prices at 7905.00 and then 7873.00.

Technical Comment:

The immediate trend remains upwards, though lacking momentum.

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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