Your Daily Trading Strategy Check-in - Deriv Broker February 10, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker February 10, 2025 Newsletter

 

 

Here are today's directional views from the global research desks of Trading Central! These are starting points for your research to identify opportunities that make sense for you.

 

GBP/USD   EUR/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Gold   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE)

 

Due to market volatility, some key levels may have already been reached, and scenarios may have already been played out.

 

GBP/USD Intraday: key resistance at 1.2425.

 
Pivot:
1.2425
 
Our preference:
Short positions below 1.2425 with targets at 1.2360 & 1.2330 in extension.
 
Alternative scenario:
Above 1.2425, look for further upside with 1.2455 & 1.2490 as targets.
 
Comment:
If the resistance at 1.2425 is not surpassed, the risk of a break below 1.2360 remains high.
 

 
Trade
 
EUR/USD Intraday: key resistance at 1.0345.
 
Pivot:
1.0345
 
Our preference:
Short positions below 1.0345 with targets at 1.0285 & 1.0260 in extension.
 
Alternative scenario:
Above 1.0345, look for further upside with 1.0370 & 1.0400 as targets.
 
Comment:
As long as the resistance at 1.0345 is not surpassed, the risk of a break below 1.0285 remains high.
 

 
[/url]Trade

USD/CHF Intraday: bullish bias above 0.9085.
 
Pivot:
0.9085
 
Our preference:
Long positions above 0.9085 with targets at 0.9135 & 0.9155 in extension.
 
Alternative scenario:
Below 0.9085, look for further downside with 0.9065 & 0.9045 as targets.
 
Comment:
The RSI lacks downward momentum.
 

 
[url=https://track.deriv.com/_RAqBFMEhdbOws6I0Pc5-VWNd7ZgqdRLk/1/]Trade
 
Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: bullish bias above 5315.00.
 
Pivot:
5315.00
 
Our preference:
Long positions above 5315.00 with targets at 5375.00 & 5400.00 in extension.
 
Alternative scenario:
Below 5315.00, look for further downside with 5283.00 & 5250.00 as targets.
 
Comment:
The RSI is around its neutrality area at 50%
 

 Gold Intraday: further advance.
 
Pivot:
2878.00
 
Our preference:
Long positions above 2878.00 with targets at 2920.00 & 2938.00 in extension.
 
Alternative scenario:
Below 2878.00, look for further downside with 2865.00 & 2850.00 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


 
Dax (Eurex)‎ (H5)‎ Intraday: bullish bias above 21770.00.
 
Pivot:
21770.00
 
Our preference:
Long positions above 21770.00 with targets at 22038.00 & 22160.00 in extension.
 
Alternative scenario:
Below 21770.00, look for further downside with 21672.00 & 21585.00 as targets.
 
Comment:
The RSI is around its neutrality area at 50%
 

 
 Cac 40 (Euronext)‎ (G5)‎ Intraday: the upside prevails.
 
Pivot:
7890.00
 
Our preference:
Long positions above 7890.00 with targets at 8037.00 & 8095.00 in extension.
 
Alternative scenario:
Below 7890.00, look for further downside with 7830.00 & 7764.00 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 

 Brent (ICE)‎ (J5)‎ Intraday: further upside.
 
Pivot:
75.00
 
Our preference:
Long positions above 75.00 with targets at 75.80 & 76.15 in extension.
 
Alternative scenario:
Below 75.00, look for further downsides, with 74.75 & 74.35 as targets.
 
Comment:
The break above 75.00 is a positive signal that has opened a path to 75.80.
 

Trade
 

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