Your Daily Trading Strategy Check-in - Deriv Broker March 03, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 03, 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 may have already been reached, and scenarios may have already been played out.

EUR/USD Intraday: further upside.
 
Pivot:
1.0415
 
Our preference:
Long positions above 1.0415 with targets at 1.0460 & 1.0490 in extension.
 
Alternative scenario:
Below 1.0415, look for further downside with 1.0390 & 1.0375 as targets.
 
Comment:
The break above 1.0415 is a positive signal that has opened a path to 1.0460.
 


GBP/USD Intraday: further upside.
 
Pivot:
1.2610
 
Our preference:
Long positions above 1.2610 with targets at 1.2685 & 1.2715 in extension.
 
Alternative scenario:
Below 1.2610, look for further downside with 1.2580 & 1.2555 as targets.
 
Comment:
The break above 1.2610 is a positive signal that has opened a path to 1.2685.
 


USD/CHF Intraday: under pressure.
 
Pivot:
0.9025
 
Our preference:
Short positions below 0.9025 with targets at 0.8975 & 0.8965 in extension.
 
Alternative scenario:
Above 0.9025, look for further upside with 0.9040 & 0.9055 as targets.
 
Comment:
If 0.9025 is resistance, look for choppy price action with a bearish bias.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: intraday support around 5445.00.
 
Pivot:
5445.00
 
Our preference:
Long positions above 5445.00 with targets at 5512.00 & 5540.00 in extension.
 
Alternative scenario:
Below 5445.00, look for further downside with 5411.00 & 5391.00 as targets.
 
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.
 


Dax (Eurex)‎ (H5)‎ Intraday: watch 22880.00.
 
Pivot:
22560.00
 
Our preference:
Long positions above 22560.00 with targets at 22880.00 & 23060.00 in extension.
 
Alternative scenario:
Below 22560.00, look for further downside with 22350.00 & 22249.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: the bias remains bullish.
 
Pivot:
8095.00
 
Our preference:
Long positions above 8095.00 with targets at 8184.00 & 8224.00 in extension.
 
Alternative scenario:
Below 8095.00, look for further downside with 8047.00 & 8021.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Brent (ICE)‎ (K5)‎ Intraday: the downside prevails.
 
Pivot:
73.05
 
Our preference:
Short positions below 73.05 with targets at 72.10 & 71.90 in extension.
 
Alternative scenario:
Above 73.05, look for further upside with 73.45 & 73.75 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


Gold Intraday: bullish bias above 2858.00.
 
Pivot:
2858.00
 
Our preference:
Long positions above 2858.00 with targets at 2890.00 & 2898.00 in extension.
 
Alternative scenario:
Below 2858.00, look for further downside with 2850.00 & 2833.00 as targets.
 
Comment:
A support base at 2858.00 has formed, allowing temporary stabilization.
 

 

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