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

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

 


 

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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.

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:
1.0640
 
Our preference:
Long positions above 1.0640 with targets at 1.0750 & 1.0800 in extension.
 
Alternative scenario:
Below 1.0640, look for further downside with 1.0600 & 1.0560 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


GBP/USD Intraday: further upside.
 
Pivot:
1.2800
 
Our preference:
Long positions above 1.2800 with targets at 1.2880 & 1.2930 in extension.
 
Alternative scenario:
Below 1.2800, look for further downside with 1.2765 & 1.2730 as targets.
 
Comment:
The immediate trend remains up, and the momentum is strong.
 


USD/CHF Intraday: key resistance at 0.8895.
 
Pivot:
0.8895
 
Our preference:
Short positions below 0.8895 with targets at 0.8855 & 0.8820 in extension.
 
Alternative scenario:
Above 0.8895, look for further upside with 0.8915 & 0.8945 as targets.
 
Comment:
As long as 0.8895 is resistance, look for choppy price action with a bearish bias.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: choppy.
 
Pivot:
5434.00
 
Our preference:
Long positions above 5434.00 with targets at 5521.00 & 5539.00 in extension.
 
Alternative scenario:
Below 5434.00, look for further downside with 5411.00 & 5372.00 as targets.
 
Comment:
The RSI is around its neutrality area at 50%
 


Dax (Eurex)‎ (H5)‎ Intraday: choppy.
 
Pivot:
22630.00
 
Our preference:
Long positions above 22630.00 with targets at 23090.00 & 23310.00 in extension.
 
Alternative scenario:
Below 22630.00, look for further downside with 22490.00 & 22350.00 as targets.
 
Comment:
The RSI is mixed to bullish.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: choppy.
 
Pivot:
8110.00
 
Our preference:
Long positions above 8110.00 with targets at 8235.00 & 8270.00 in extension.
 
Alternative scenario:
Below 8110.00, look for further downside with 8070.00 & 8021.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


Brent (ICE)‎ (K5)‎ Intraday: the downside prevails.
 
Pivot:
70.70
 
Our preference:
Short positions below 70.70 with targets at 69.40 & 69.00 in extension.
 
Alternative scenario:
Above 70.70, look for further upside with 71.10 & 71.30 as targets.
 
Comment:
The break below 70.70 is a negative signal that has opened a path to 69.40.
 


Gold Intraday: intraday support around 2900.00.
 
Pivot:
2900.00
 
Our preference:
Long positions above 2900.00 with targets at 2928.00 & 2942.00 in extension.
 
Alternative scenario:
Below 2900.00, look for further downside with 2886.00 & 2877.00 as targets.
 
Comment:
The RSI lacks downward momentum.
 

 

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