Your Daily Trading Strategy Check-in - Deriv Broker June 06, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker June 06, 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: the downside prevails.
 
Pivot:
1.3565
 
Our preference:
Short positions below 1.3565 with targets at 1.3514 & 1.3489 in extension.
 
Alternative scenario:
Above 1.3565, look for further upside with 1.3595 & 1.3615 as targets.
 
Comment:
The index currently faces a challenging resistance area at 1.3565.
 


EUR/USD Intraday: under pressure.
 
Pivot:
1.1457
 
Our preference:
Short positions below 1.1457 with targets at 1.1403 & 1.1375 in extension.
 
Alternative scenario:
Above 1.1457, look for further upside with 1.1472 & 1.1490 as targets.
 
Comment:
As long as 1.1457 remains resistance, it is likely to decline to 1.1403.
 


USD/CHF Intraday: further upside.
 
Pivot:
0.8185
 
Our preference:
Long positions above 0.8185 with targets at 0.8225 & 0.8250 in extension.
 
Alternative scenario:
Below 0.8185, look for further downside with 0.8170 & 0.8155 as targets.
 
Comment:
The next resistances are at 0.8225 and then at 0.8250.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: intraday support around 5374.00.
 
Pivot:
5374.00
 
Our preference:
Long positions above 5374.00 with targets at 5414.00 & 5432.00 in extension.
 
Alternative scenario:
Below 5374.00, look for further downside, with 5355.00 and 5330.00 as potential targets.
 
Comment:
A support base at 5374.00 has formed, allowing for temporary stabilization.
 


Gold Intraday: under pressure.
 
Pivot:
3378.00
 
Our preference:
Short positions below 3378.00 with targets at 3349.00 & 3338.00 in extension.
 
Alternative scenario:
Above 3378.00, look for further upside with 3389.00 & 3403.00 as targets.
 
Comment:
As long as 3378.00 is resistance, look for choppy price action with a bearish bias.
 


Dax (Eurex)‎ (M5)‎ Intraday: intraday support around 24150.00.
 
Pivot:
24150.00
 
Our preference:
Long positions above 24150.00 with targets at 24389.00 & 24491.00 in extension.
 
Alternative scenario:
Below 24150.00, look for further downside, with 24010.00 and 23880.00 as potential targets.
 
Comment:
The RSI is mixed, indicating a cautious approach.
 


CAC 40 (Euronext)‎ (M5)‎ Intraday: intraday support around 7735.00.
 
Pivot:
7735.00
 
Our preference:
Long positions above 7735.00 with targets at 7800.00 & 7822.00 in extension.
 
Alternative scenario:
Below 7735.00, look for further downside, with 7700.00 and 7660.00 as potential targets.
 
Comment:
The RSI is mixed, indicating caution.
 


Brent (ICE)‎ (Q5)‎ Intraday: further advance.
 
Pivot:
64.85
 
Our preference:
Long positions above 64.85 with targets at 65.95 & 66.15 in extension.
 
Alternative scenario:
Below 64.85, look for further downside, with 64.55 and 64.25 as potential targets.
 
Comment:
The RSI is bullish, indicating further upside potential.
 

 

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