Your Daily Trading Strategy Check-in - Deriv Broker February 13, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker February 13, 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.
 

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GBP/USD   EUR/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Gold   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE)
 
Please note that due to market volatility, some of the key levels may have already been reached, and scenarios may have already been played out.

GBP/USD Intraday: intraday support is around 1.2455.
 
Pivot: and scenarios may have already been reached
1.2455
 
Our preference:
Long positions above 1.2455 with targets at 1.2515 & 1.2545 in extension.
 
Alternative scenario:
Below 1.2455, look for further downside with 1.2430 & 1.2400 as targets.
 
Comment:
A support base at 1.2455 has formed, allowing temporary stabilization.
 

 
EUR/USD Intraday: turning down.
 
Pivot:
1.0425
 
Our preference:
Short positions below 1.0425 with targets at 1.0370 & 1.0350 in extension.
 
Alternative scenario:
Above 1.0425, look for further upside with 1.0440 & 1.0460 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 

 
USD/CHF Intraday: under pressure.
 
Pivot:
0.9105
 
Our preference:
Short positions below 0.9105 with targets at 0.9055 & 0.9040 in extension.
 
Alternative scenario:
Above 0.9105, look for further upside with 0.9125 & 0.9140 as targets.
 
Comment:
If 0.9105 is resistance, look for choppy price action with a bearish bias.
 

 
Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: the bias remains bullish.
 
Pivot:
5440.00
 
Our preference:
Long positions above 5440.00 with targets at 5494.00 & 5519.00 in extension.
 
Alternative scenario:
Below 5440.00,. Look for further downside with 5422.00 & 5408.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 

 
Gold Intraday: further advance.
 
Pivot:
2901.00
 
Our preference:
Long positions above 2901.00 with targets at 2929.00 & 2940.00 in extension.
 
Alternative scenario:
Below 2901.00, look for further downside with 2893.00 & 2887.00 as targets.
 
Comment:
The break above 2901.00 is a positive signal that has opened a path to 2929.00.
 

 
Dax (Eurex)‎ (H5)‎ Intraday: the upside prevails.
 
Pivot:
22330.00
 
Our preference:
Long positions above 22330.00 with targets at 22580.00 & 22700.00 in extension.
 
Alternative scenario:
Below 22330.00, look for further downside with 22230.00 & 22108.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 

 
Cac 40 (Euronext)‎ (G5)‎ Intraday: the upside prevails.
 
Pivot:
8067.00
 
Our preference:
Long positions above 8067.00 with targets at 8174.00 & 8210.00 in extension.
 
Alternative scenario:
Below 8067.00, look for further downside with 8026.00 & 7987.00 as targets.
 
Comment:
The RSI shows upside momentum.
 

 
Brent (ICE)‎ (J5)‎ Intraday: the downside prevails.
 
Pivot:
74.90
 
Our preference:
Short positions below 74.90 with targets at 74.10 & 73.50 in extension.
 
Alternative scenario:
Above 74.90, look for further upside with 75.30 & 75.70 as targets.
 
Comment:
The RSI advocates for further decline.
 

 

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