Your Daily Trading Strategy Check-in - Deriv Broker January 30, 2025 Newsletter

[Forum Admin]

 
Daily Market Newsletter
January 30, 2025
 
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)  
 
Just so you know, because of market volatility, some of the key levels and scenarios may have already been reached.
 
GBP/USD Intraday: intraday support is around 1.2420. 

Pivot:
1.2420
 
Our preference:
Long positions above 1.2420 with targets at 1.2465 & 1.2500 in extension.
 
Alternative scenario:
Below 1.2420, look for further downside with 1.2390 & 1.2370 as targets.
 
Comment:
A support base at 1.2420 has formed, allowing temporary stabilization.
 


Trade

EUR/USD Intraday: under pressure.
 
Pivot:
1.0410
 
Our preference:
Short positions below 1.0410 with targets at 1.0365 & 1.0345 in extension.
 
Alternative scenario:
Above 1.0410, look for further upside with 1.0430 & 1.0445 as targets.
 
Comment:
The break below 1.0410 is a negative signal that has opened a path to 1.0365.
 


Trade

USD/CHF Intraday: further upside.
 
Pivot:
0.9060
 
Our preference:
Long positions above 0.9060 with targets at 0.9110 & 0.9120 in extension.
 
Alternative scenario:
Below 0.9060, look for further downside with 0.9045 & 0.9030 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


Trade

Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: bullish bias above 5233.00.
 
Pivot:
5233.00
 
Our preference:
Long positions above 5233.00 with targets at 5305.00 & 5330.00 in extension.
 
Alternative scenario:
Below 5233.00, look for further downside with 5208.00 & 5185.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Trade
 
Gold Intraday: further advance.
 
Pivot:
2762.00
 
Our preference:
Long positions above 2762.00 with targets at 2785.00 & 2800.00 in extension.
 
Alternative scenario:
Below 2762.00, look for further downside with 2753.00 & 2744.00 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


Trade

Dax (Eurex)‎ (H5)‎ Intraday: the upside prevails.
 
Pivot:
21645.00
 
Our preference:
Long positions above 21645.00 with targets at 21910.00 & 21990.00 in extension.
 
Alternative scenario:
Below 21645.00, look for further downside with 21540.00 & 21410.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 



Cac 40 (Euronext)‎ (G5)‎ Intraday: consolidation.
 
Pivot:
8010.00
 
Our preference:
Short positions below 8010.00 with targets at 7864.00 & 7800.00 in extension.
 
Alternative scenario:
Above 8010.00, look for further upside with 8045.00 & 8072.00 as targets.
 
Comment:
If 8010.00 is resistance, look for choppy price action with a bearish bias.
 

Trade

Brent (ICE)‎ (J5)‎ Intraday: key resistance at 75.90.
 
Pivot:
75.90
 
Our preference:
Short positions below 75.90 with targets at 75.00 & 74.40 in extension.
 
Alternative scenario:
Above 75.90, look for further upside with 76.60 & 77.05 as targets.
 
Comment:
As long as 75.90 is resistance, look for choppy price action with a bearish bias.
 

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