Your Daily Trading Strategy Check-in - Deriv Broker August 29, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker August 29, 2025 Newsletter

 


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.
 

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EUR/USD Intraday: intraday support around 1.1655.
 
Pivot:
1.1655
 
Our preference:
Long positions above 1.1655 with targets at 1.1695 & 1.1720 in extension.
 
Alternative scenario:
Below 1.1655 look for further downside with 1.1630 & 1.1600 as targets.
 
Comment:
A support base at 1.1655 has formed, allowing for temporary stabilization.
 



GBP/USD Intraday: under pressure.
 
Pivot:
1.3505
 
Our preference:
Short positions below 1.3505 with targets at 1.3460 & 1.3435 in extension.
 
Alternative scenario:
Above 1.3505 look for further upside with 1.3530 & 1.3545 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


USD/CHF Intraday: key resistance at 0.8030.
 
Pivot:
0.8030
 
Our preference:
Short positions below 0.8030 with targets at 0.7980 & 0.7965 in extension.
 
Alternative scenario:
Above 0.8030 look for further upside with 0.8045 & 0.8060 as targets.
 
Comment:
As long as 0.8030 is resistance, look for choppy price action with a bearish bias.
 


Euro Stoxx 50 (Eurex)‎ (U5)‎ Intraday: the downside prevails.
 
Pivot:
5435.00
 
Our preference:
Short positions below 5435.00 with targets at 5335.00 & 5300.00 in extension.
 
Alternative scenario:
Above 5435.00 look for further upside with 5460.00 & 5490.00 as targets.
 
Comment:
The RSI is bearish, indicating a potential for further decline.
 


Dax (Eurex)‎ (U5)‎ Intraday: the downside prevails.
 
Pivot:
24140.00
 
Our preference:
Short positions below 24140.00 with targets at 23870.00 & 23740.00 in extension.
 
Alternative scenario:
Above 24140.00 look for further upside with 24240.00 & 24310.00 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


CAC 40 (Euronext)‎ (U5)‎ Intraday: under pressure.
 
Pivot:
7845.00
 
Our preference:
Short positions below 7845.00 with targets at 7680.00 & 7610.00 in extension.
 
Alternative scenario:
Above 7845.00 look for further upside with 7875.00 & 7954.00 as targets.
 
Comment:
The RSI has broken down its 30 level.
 


Brent (ICE)‎ (X5)‎ Intraday: bullish bias above 67.15.
 
Pivot:
67.15
 
Our preference:
Long positions above 67.15 with targets at 68.10 & 68.45 in extension.
 
Alternative scenario:
Below 67.15 look for further downside with 66.80 & 66.40 as targets.
 
Comment:
The RSI lacks downward momentum.
 


Gold Intraday: supported by a rising trend line.
 
Pivot:
3406.00
 
Our preference:
Long positions above 3406.00 with targets at 3423.00 & 3433.00 in extension.
 
Alternative scenario:
Below 3406.00 look for further downside with 3394.00 & 3384.00 as targets.
 
Comment:
A support base at 3406.00 has formed, allowing for temporary stabilization.
 

Click Here to Read Deriv Broker Forex Platforms Review