Your Daily Trading Strategy Check-in - Deriv Broker February 25, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker February 25, 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)

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.
 

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GBP/USD Intraday: continuation of the rebound.
 
Pivot:
1.2626
 
Our preference:
Long positions above 1.2626 with targets at 1.2670 & 1.2690 in extension.
 
Alternative scenario:
Below 1.2626, look for further downside with 1.2600 & 1.2580 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


EUR/USD Intraday: bullish bias above 1.0450.
 
Pivot:
1.0450
 
Our preference:
Long positions above 1.0450 with targets at 1.0505 & 1.0528 in extension.
 
Alternative scenario:
Below 1.0450, look for further downside with 1.0435 & 1.0420 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


USD/CHF Intraday: under pressure.
 
Pivot:
0.8978
 
Our preference:
Short positions below 0.8978 with targets at 0.8935 & 0.8920 in extension.
 
Alternative scenario:
Above 0.8978, look for further upside with 0.9000 & 0.9015 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: rebound.
 
Pivot:
5415.00
 
Our preference:
Long positions above 5415.00 with targets at 5465.00 & 5495.00 in extension.
 
Alternative scenario:
Below 5415.00, look for further downside with 5391.00 & 5370.00 as targets.
 
Comment:
The RSI has just landed on a support of around 30% and is reversing up.
 


Gold Intraday: consolidation in place.
 
Pivot:
2949.00
 
Our preference:
Short positions below 2949.00 with targets at 2924.00 & 2916.00 in extension.
 
Alternative scenario:
Above 2949.00, look for further upside with 2956.00 & 2962.00 as targets.
 
Comment:
As long as 2949.00 is resistance, look for choppy price action with a bearish bias.
 


Dax (Eurex)‎ (H5)‎ Intraday: intraday support around 22280.00.
 
Pivot:
22280.00
 
Our preference:
Long positions above 22280.00 with targets at 22590.00 & 22765.00 in extension.
 
Alternative scenario:
Below 22280.00, look for further downside with 22165.00 & 21960.00 as targets.
 
Comment:
The RSI has just landed on a support of around 30% and is reversing up.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: intraday support around 8045.00.
 
Pivot:
8045.00
 
Our preference:
Long positions above 8045.00 with targets at 8139.00 & 8190.00 in extension.
 
Alternative scenario:
Below 8045.00, look for further downside with 8000.00 & 7965.00 as targets.
 
Comment:
The RSI lacks downward momentum.
 


Brent (ICE)‎ (K5)‎ Intraday: intraday support is around 74.15.
 
Pivot:
74.15
 
Our preference:
Long positions above 74.15 with targets at 74.75 & 75.25 in extension.
 
Alternative scenario:
Below 74.15, look for further downside with 73.70 & 73.20 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 

 

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