Your Daily Trading Strategy Check-in - Deriv Broker February 19, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker February 19, 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)
 
 

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Just so you know, some of the key levels and scenarios may have already been reached because of market volatility.

GBP/USD intraday: the downside prevails as long as 1.2628 is resistance
 
Our pivot point is at 1.2628.
 
Our preference:
The downside prevails as long as 1.2628 is the resistance
 
Alternative scenario:, some of the key levels and scenarios may have already been reached because of market volatility
Above 1.2628, look for 1.2670 and 1.2694.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20- and 50-period moving average (respectively at 1.2612 and 1.2609). Finally, the GBP/USD trades below its lower Bollinger band (1.2592).
 


EUR/USD intraday: the downside prevails as long as 1.0454 is resistance
 
Our pivot point is at 1.0454.
 
Our preference:
The downside prevails as long as 1.0454 is the resistance
 
Alternative scenario:
Above 1.0454, look for 1.0482 and 1.0499.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20- and 50-period moving average (respectively at 1.0446 and 1.0448).
 


USD/CHF Intraday: further advance.
 
Pivot:
0.9020
 
Our preference:
Long positions above 0.9020 with targets at 0.9050 & 0.9070 in extension.
 
Alternative scenario:
Below 0.9020, look for further downside with 0.9000 & 0.8990 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: bullish bias above 5491.00.
 
Pivot:
5491.00
 
Our preference:
Long positions above 5491.00 with targets at 5574.00 & 5605.00 in extension.
 
Alternative scenario:
Below 5491.00, look for further downside with 5450.00 & 5401.00 as targets.
 
Comment:
The RSI is around its neutrality area at 50%
 


Gold Intraday: bullish bias above 2926.00.
 
Pivot:
2926.00
 
Our preference:
Long positions above 2926.00 with targets at 2950.00 & 2965.00 in extension.
 
Alternative scenario:
Below 2926.00, look for further downside with 2915.00 & 2904.00 as targets.
 
Comment:
The RSI advocates for further advance.
 


Dax (Eurex)‎ (H5)‎ Intraday: bullish bias above 22690.00.
 
Pivot:
22690.00
 
Our preference:
Long positions above 22690.00 with targets at 23094.00 & 23255.00 in extension.
 
Alternative scenario:
Below 22690.00, look for further downside with 22545.00 & 22410.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Cac 40 (Euronext)‎ (G5)‎ Intraday: the bias remains bullish.
 
Pivot:
8135.00
 
Our preference:
Long positions above 8135.00 with targets at 8260.00 & 8300.00 in extension.
 
Alternative scenario:
Below 8135.00, look for further downside with 8095.00 & 7987.00 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Brent (ICE)‎ (J5)‎ Intraday: further advance.
 
Pivot:
75.85
 
Our preference:
Long positions above 75.85 with targets at 76.80 & 77.20 in extension.
 
Alternative scenario:
Below 75.85, look for further downside, with 75.35 & 74.95 as targets.
 
Comment:
The break above 75.85 is a positive signal that has opened a path to 76.80.
 

 

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