Your Daily Trading Strategy Check-in - Deriv Broker March 04, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 04, 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:
1.0500
 
Our preference:
Long positions above 1.0500 with targets at 1.0570 & 1.0595 in extension.
 
Alternative scenario:
Below 1.0500, look for further downside with 1.0480 & 1.0465 as targets.
 
Comment:
The break above 1.0500 is a positive signal that has opened a path to 1.0570.
 


GBP/USD Intraday: further upside.
 
Pivot:
1.2680
 
Our preference:
Long positions above 1.2680 with targets at 1.2760 & 1.2795 in extension.
 
Alternative scenario:
Below 1.2680, look for further downside with 1.2650 & 1.2615 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


USD/CHF Intraday: under pressure.
 
Pivot:
0.8925
 
Our preference:
Short positions below 0.8925 with targets at 0.8880 & 0.8855 in extension.
 
Alternative scenario:
Above 0.8925, look for further upside with 0.8945 & 0.8965 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: under pressure.
 
Pivot:
5489.00
 
Our preference:
Short positions below 5489.00 with targets at 5411.00 & 5391.00 in extension.
 
Alternative scenario:
Above 5489.00, look for further upside with 5521.00 & 5539.00 as targets.
 
Comment:
The RSI has broken down its 30 levels.
 


Dax (Eurex)‎ (H5)‎ Intraday: choppy.
 
Pivot:
22530.00
 
Our preference:
Long positions above 22530.00 with targets at 22960.00 & 23160.00 in extension.
 
Alternative scenario:
Below 22530.00, look for further downside with 22350.00 & 22249.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: under pressure.
 
Pivot:
8175.00
 
Our preference:
Short positions below 8175.00 with targets at 8047.00 & 8021.00 in extension.
 
Alternative scenario:
Above 8175.00, look for further upside with 8219.00 & 8270.00 as targets.
 
Comment:
As long as 8175.00 is resistance, look for choppy price action with a bearish bias.
 


Brent (ICE)‎ (K5)‎ Intraday: the downside prevails.
 
Pivot:
71.25
 
Our preference:
Short positions below 71.25 with targets at 70.00 & 69.40 in extension.
 
Alternative scenario:
Above 71.25, look for further upside with 71.65 & 72.00 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


Gold Intraday: bullish bias above 2895.00.
 
Pivot:
2895.00
 
Our preference:
Long positions above 2895.00 with targets at 2928.00 & 2942.00 in extension.
 
Alternative scenario:
Below 2895.00, look for further downside with 2877.00 & 2867.00 as targets.
 
Comment:
The break above 2895.00 is a positive signal that has opened a path to 2928.00.
 

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