Your Daily Trading Strategy Check-in - Deriv Broker June 02, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker June 02, 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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GBP/USD Intraday: further upside.
 
Pivot:
1.3510
 
Our preference:
Long positions above 1.3510 with targets at 1.3557 & 1.3586 in extension.
 
Alternative scenario:
Below 1.3510, look for further downside with 1.3470 & 1.3444 as targets.
 
Comment:
The next resistances are at 1.3557 and then at 1.3586.
 


EUR/USD Intraday: The bias remains bullish.
 
Pivot:
1.1389
 
Our preference:
Long positions above 1.1389 with targets at 1.1436 & 1.1480 in extension.
 
Alternative scenario:
Below 1.1389, look for further downside with 1.1357 & 1.1313 as targets.
 
Comment:
A support base at 1.1389 has formed, allowing for temporary stabilization.
 


USD/CHF Intraday: The downside prevails.
 
Pivot:
0.8222
 
Our preference:
Short positions below 0.8222 with targets at 0.8154 & 0.8120 in extension.
 
Alternative scenario:
Above 0.8222, look for further upside with 0.8251 & 0.8290 as targets.
 
Comment:
As long as 0.8222 remains resistance, it is likely to decline to 0.8154.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: intraday support around 5308.00.
 
Pivot:
5308.00
 
Our preference:
Long positions above 5308.00 with targets at 5367.00 & 5386.00 in extension.
 
Alternative scenario:
Below 5308.00, look for further downside, with 5286.00 and 5255.00 as potential targets.
 
Comment:
A support base at 5308.00 has formed, allowing for temporary stabilization.
 


Gold Intraday: further advance.
 
Pivot:
3322.00
 
Our preference:
Long positions above 3322.00 with targets at 3365.00 & 3390.00 in extension.
 
Alternative scenario:
Below 3322.00, look for further downside, with 3300.00 and 3288.00 as potential targets.
 
Comment:
The RSI is bullish, indicating further upside potential.
 


Dax (Eurex)‎ (M5)‎ Intraday: intraday support around 23790.00.
 
Pivot:
23790.00
 
Our preference:
Long positions above 23790.00 with targets at 24040.00 & 24131.00 in extension.
 
Alternative scenario:
Below 23790.00, look for further downside with 23605.00 & 23570.00 as targets.
 
Comment:
A support base at 23790.00 has formed, allowing for temporary stabilization.
 


CAC 40 (Euronext)‎ (M5)‎ Intraday: intraday support around 7660.00.
 
Pivot:
7660.00
 
Our preference:
Long positions above 7660.00 with targets at 7735.00 & 7764.00 in extension.
 
Alternative scenario:
Below 7660.00, look for further downside, with 7629.00 and 7600.00 as potential targets.
 
Comment:
A support base at 7660.00 has formed, allowing for temporary stabilization.
 


Brent (ICE)‎ (Q5)‎ Intraday: further advance.
 
Pivot:
64.50
 
Our preference:
Long positions above 64.50 with targets at 65.50 & 66.00 in extension.
 
Alternative scenario:
Below 64.50, look for further downside, with 64.05 and 63.60 as potential targets.
 
Comment:
The break above 64.50 is a positive signal that has opened a path to 65.50.
 

 

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