Your Daily Trading Strategy Check-in - Deriv Broker February 14, 2025 Newsletter

[Forum Admin]

Your Daily Trading Strategy Check-in - Deriv Broker February 14, 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.
 

Click Here to Read Deriv Broker Forex Platforms Review

 
GBP/USD   EUR/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Gold   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE) 
 
Because of market volatility, some key levels may have already been reached, and scenarios may have played out.
 
GBP/USD Intraday: intraday support is around 1.2545.
 
Pivot:
1.2545
 
Our preference:
Long positions above 1.2545 with targets at 1.2610 & 1.2640 in extension.
 
Alternative scenario:
Below 1.2545, look for further downside with 1.2505 & 1.2455 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 

 
EUR/USD Intraday: intraday support is around 1.0445.
 
Pivot:
1.0445
 
Our preference:
Long positions above 1.0445 with targets at 1.0500 & 1.0530 in extension.
 
Alternative scenario:
Below 1.0445, look for further downside with 1.0410 & 1.0375 as targets.
 
Comment:
The break above 1.0445 is a positive signal that has opened a path to 1.0500.
 

 
USD/CHF Intraday: key resistance at 0.9050.
 
Pivot:
0.9050
 
Our preference:
Short positions below 0.9050 with targets at 0.9000 & 0.8970 in extension.
 
Alternative scenario:
Above 0.9050, look for further upside with 0.9070 & 0.9085 as targets.
 
Comment:
If the resistance at 0.9050 is not surpassed, the risk of a break below 0.9000 remains high.
 

 
Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: further upside.
 
Pivot:
5450.00
 
Our preference:
Long positions above 5450.00 with targets at 5555.00 & 5590.00 in extension.
 
Alternative scenario:
Below 5450.00, look for further downside with 5422.00 & 5401.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 

 
Gold Intraday: bullish bias above 2922.00.
 
Pivot:
2922.00
 
Our preference:
Long positions above 2922.00 with targets at 2942.00 & 2957.00 in extension.
 
Alternative scenario:
Below 2922.00, look for further downside with 2913.00 & 2907.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 

 
Dax (Eurex)‎ (H5)‎ Intraday: bullish bias above 22385.00.
 
Pivot:
22385.00
 
Our preference:
Long positions above 22385.00 with targets at 22709.00 & 22890.00 in extension.
 
Alternative scenario:
Below 22385.00, 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: further upside.
 
Pivot:
8095.00
 
Our preference:
Long positions above 8095.00 with targets at 8260.00 & 8300.00 in extension.
 
Alternative scenario:
Below 8095.00, look for further downside with 8026.00 & 7987.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 

 
Brent (ICE)‎ (J5)‎ Intraday: further advance.
 
Pivot:
74.90
 
Our preference:
Long positions above 74.90 with targets at 75.80 & 76.40 in extension.
 
Alternative scenario:
Below 74.90, look for further downside with 74.50 & 74.10 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 

 

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[Andrew]

I read this Daily Trading Strategy and News every day.

Very, Very useful