Your Daily Trading Strategy Check-in - Deriv Broker February 26, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker February 26, 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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EUR/USD   GBP/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE)   Gold 

Due to market volatility, some key levels and scenarios may have already been reached.

EUR/USD Intraday: under pressure.
 
Pivot:
1.0525
 
Our preference:
Short positions below 1.0525 with targets at 1.0470 & 1.0445 in extension.
 
Alternative scenario:
Above 1.0525, look for further upside with 1.0540 & 1.0560 as targets.
 
Comment:
The RSI calls for a new down leg.
 


GBP/USD Intraday: under pressure.
 
Pivot:
1.2675
 
Our preference:
Short positions below 1.2675 with targets at 1.2610 & 1.2590 in extension.
 
Alternative scenario:
Above 1.2675, look for further upside with 1.2690 & 1.2710 as targets.
 
Comment:
The RSI calls for a new down leg.
 


USD/CHF Intraday: continuation of the rebound.
 
Pivot:
0.8910
 
Our preference:
Long positions above 0.8910 with targets at 0.8975 & 0.8995 in extension.
 
Alternative scenario:
Below 0.8910, look for further downside with 0.8890 & 0.8870 as targets.
 
Comment:
The RSI calls for a rebound.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: bullish bias above 5420.00.
 
Pivot:
5420.00
 
Our preference:
Long positions above 5420.00 with targets at 5525.00 & 5556.00 in extension.
 
Alternative scenario:
Below 5420.00, look for further downside with 5391.00 & 5370.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Dax (Eurex)‎ (H5)‎ Intraday: bullish bias above 22380.00.
 
Pivot:
22380.00
 
Our preference:
Long positions above 22380.00 with targets at 22765.00 & 22940.00 in extension.
 
Alternative scenario:
Below 22380.00, look for further downside with 22280.00 & 22165.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: continuation of the rebound.
 
Pivot:
8045.00
 
Our preference:
Long positions above 8045.00 with targets at 8184.00 & 8224.00 in extension.
 
Alternative scenario:
Below 8045.00, look for further downside with 8000.00 & 7965.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Brent (ICE)‎ (K5)‎ Intraday: the downside prevails.
 
Pivot:
73.20
 
Our preference:
Short positions below 73.20 with targets at 72.20 & 71.85 in extension.
 
Alternative scenario:
Above 73.20, look for further upside with 73.70 & 74.15 as targets.
 
Comment:
A break below 72.20 would trigger a drop towards 71.85.
 


Gold Intraday: intraday support around 2905.00.
 
Pivot:
2905.00
 
Our preference:
Long positions above 2905.00 with targets at 2929.00 & 2942.00 in extension.
 
Alternative scenario:
Below 2905.00, look for further downside with 2887.00 & 2877.00 as targets.
 
Comment:
A support base at 2905.00 has formed, allowing temporary stabilization.
 

 

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