News and Market Analysis

Today’s directional views
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today's directional views

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? Subscribe to receive the full daily newsletter.


AUD/USD intraday: the upside prevails as long as 0.7322 is support
 

Our pivot point is at 0.7322.
 
Our preference:
The upside prevails as long as 0.7322 is support.
 
Alternative scenario:
The downside breakout of 0.7322 would call for 0.7296 and 0.7280.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.7344 and 0.7335).
Analyst Views Chart

USD/JPY intraday: as long as 110.28 is support look for 111.21 

Our pivot point is at 110.28. 

Our preference:
As long as 110.28 is support look for 111.21. 

Alternative scenario:
Below 110.28, expect 109.93 and 109.72. 

Comment:
The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 110.54 and 110.43). 
Analyst Views Chart

Gold intraday: short term rebound towards 1741.50
 

1725.00 is our pivot point.
 
Our preference:
Short term rebound towards 1741.50.
 
Alternative scenario:
Below 1725, expect 1718.50 and 1715.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Gold is trading above its 20 period moving average (1728.90) but under its 50 period moving average (1731.30).

Analyst Views Chart

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