Your Daily Trading Strategy Check-in - Deriv Broker February 20, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker February 20, 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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Due to market volatility, some key levels may have already been reached, and scenarios may have already been played out.

GBP/USD Intraday: further advance.
 
Pivot:
1.2585
 
Our preference:
Long positions above 1.2585 with targets at 1.2625 & 1.2640 in extension.
 
Alternative scenario:
Below 1.2585, look for further downside with 1.2575 & 1.2560 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


EUR/USD Intraday: limited upside.
 
Pivot:
1.0415
 
Our preference:
Long positions above 1.0415 with targets at 1.0450 & 1.0470 in extension.
 
Alternative scenario:
Below 1.0415, look for further downside with 1.0400 & 1.0380 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


USD/CHF Intraday: under pressure.
 
Pivot:
0.9040
 
Our preference:
Short positions below 0.9040 with targets at 0.9000 & 0.8990 in extension.
 
Alternative scenario:
Above 0.9040, look for further upside with 0.9055 & 0.9070 as targets.
 
Comment:
If 0.9040 is resistance, look for choppy price action with a bearish bias.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: consolidation in place.
 
Pivot:
5531.00
 
Our preference:
Short positions below 5531.00 with targets at 5454.00 & 5429.00 in extension.
 
Alternative scenario:
Above 5531.00, look for further upside with 5556.00 & 5605.00 as targets.
 
Comment:
As long as 5531.00 is resistance, look for choppy price action with a bearish bias.
 


Gold Intraday: further advance.
 
Pivot:
2939.00
 
Our preference:
Long positions above 2939.00 with targets at 2965.00 & 2975.00 in extension.
 
Alternative scenario:
Below 2939.00, look for further downside with 2930.00 & 2918.00 as targets.
 
Comment:
The RSI advocates for further advance.
 


Dax (Eurex)‎ (H5)‎ Intraday: key resistance at 22845.00.
 
Pivot:
22845.00
 
Our preference:
Short positions below 22845.00 with targets at 22390.00 & 22220.00 in extension.
 
Alternative scenario:
Above 22845.00, look for further upside with 23000.00 & 23130.00 as targets.
 
Comment:
As long as 22845.00 is resistance, look for choppy price action with a bearish bias.
 


Cac 40 (Euronext)‎ (G5)‎ Intraday: consolidation in place.
 
Pivot:
8202.00
 
Our preference:
Short positions below 8202.00 with targets at 8124.00 & 8095.00 in extension.
 
Alternative scenario:
Above 8202.00, look for further upside with 8228.00 & 8260.00 as targets.
 
Comment:
As long as 8202.00 is resistance, look for choppy price action with a bearish bias.
 


Brent (ICE)‎ (J5)‎ Intraday: supported by a rising trend line.
 
Pivot:
75.85
 
Our preference:
Long positions above 75.85 with targets at 76.85 & 77.20 in extension.
 
Alternative scenario:
Below 75.85, look for further downside with 75.50 & 75.35 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 

 

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