Your Daily Trading Strategy Check-in - Deriv Broker June 05, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker June 05, 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 Intraday: further upside.
 
Pivot:
1.1403
 
Our preference:
Long positions above 1.1403 with targets at 1.1435 & 1.1450 in extension.
 
Alternative scenario:
Below 1.1403, look for further downside with 1.1375 & 1.1355 as targets.
 
Comment:
The RSI broke above a declining trend line.
 


GBP/USD Intraday: aim @ 1.3595.
 
Pivot:
1.3537
 
Our preference:
Long positions above 1.3537 with targets at 1.3595 & 1.3610 in extension.
 
Alternative scenario:
Below 1.3537, look for further downside with 1.3505 & 1.3490 as targets.
 
Comment:
The next resistances are at 1.3595 and then at 1.3610.
 


USD/CHF Intraday: technical rebound in a bearish trend.
 
Pivot:
0.8183
 
Our preference:
Long positions above 0.8183 with targets at 0.8225 & 0.8250 in extension.
 
Alternative scenario:
Below 0.8183, look for further downside with 0.8166 & 0.8154 as targets.
 
Comment:
The break above 0.8183 is a positive signal that has opened a path to 0.8225.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: bullish bias above 5389.00.
 
Pivot:
5389.00
 
Our preference:
Long positions above 5389.00 with targets at 5444.00 & 5463.00 in extension.
 
Alternative scenario:
Below 5389.00, look for further downside, with 5355.00 and 5330.00 as potential targets.
 
Comment:
The RSI is bullish, indicating a potential further advance.
 


Dax (Eurex)‎ (M5)‎ Intraday: bullish bias above 24150.00.
 
Pivot:
24150.00
 
Our preference:
Long positions above 24150.00 with targets at 24470.00 & 24630.00 in extension.
 
Alternative scenario:
Below 24150.00, look for further downside, with 24010.00 and 23880.00 as potential targets.
 
Comment:
The RSI has just landed in its neutrality area at 50% and is turning up.
 


CAC 40 (Euronext)‎ (M5)‎ Intraday: consolidation in place.
 
Pivot:
7840.00
 
Our preference:
Short positions below 7840.00 with targets at 7790.00 & 7770.00 in extension.
 
Alternative scenario:
Above 7840.00, look for further upside with 7868.00 & 7900.00 as targets.
 
Comment:
The RSI is mixed.
 


Brent (ICE)‎ (Q5)‎ Intraday: key resistance at 65.30.
 
Pivot:
65.30
 
Our preference:
Short positions below 65.30 with targets at 64.30 & 64.00 in extension.
 
Alternative scenario:
Above 65.30, look for further upside with 65.95 & 66.40 as targets.
 
Comment:
As long as the resistance at 65.30 is not surpassed, the risk of the break below 64.30 remains high.
 


Gold Intraday: further advance.
 
Pivot:
3373.00
 
Our preference:
Long positions above 3373.00 with targets at 3417.00 & 3438.00 in extension.
 
Alternative scenario:
Below 3373.00, look for further downside, with 3360.00 and 3352.00 as potential targets.
 
Comment:
The RSI is bullish and indicates further upside potential.
 

 

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