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

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Your Daily Trading Strategy Check-in - Deriv Broker March 06, 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.

GBP/USD   EUR/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Gold   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE) 

Please note that due to market volatility, some of the key levels and scenarios may have already been reached.

GBP/USD Intraday: intraday support is around 1.2855.
 
Pivot:
1.2855
 
Our preference:
Long positions above 1.2855 with targets at 1.2925 & 1.2960 in extension.
 
Alternative scenario:
Below 1.2855, look for further downside with 1.2800 & 1.2765 as targets.
 
Comment:
A support base at 1.2855 has formed, allowing temporary stabilization.
 


EUR/USD Intraday: intraday support is around 1.0760.
 
Pivot:
1.0760
 
Our preference:
Long positions above 1.0760 with targets at 1.0870 & 1.0910 in extension.
 
Alternative scenario:
Below 1.0760, look for further downside with 1.0720 & 1.0675 as targets.
 
Comment:
The RSI lacks downward momentum.
 


USD/CHF Intraday: under pressure.
 
Pivot:
0.8895
 
Our preference:
Short positions below 0.8895 with targets at 0.8855 & 0.8825 in extension.
 
Alternative scenario:
Above 0.8895, look for further upside with 0.8925 & 0.8945 as targets.
 
Comment:
As long as the resistance at 0.8895 is not surpassed, the risk of a break below 0.8855 remains high.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: bullish bias above 5455.00.
 
Pivot:
5455.00
 
Our preference:
Long positions above 5455.00 with targets at 5575.00 & 5613.00 in extension.
 
Alternative scenario:
Below 5455.00, look for further downside with 5404.00 & 5372.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 


Gold Intraday: consolidation in place.
 
Pivot:
2915.00
 
Our preference:
Short positions below 2915.00 with targets at 2886.00 & 2877.00 in extension.
 
Alternative scenario:
Above 2915.00, look for further upside with 2925.00 & 2929.00 as targets.
 
Comment:
As long as 2915.00 is resistance, look for choppy price action with a bearish bias.
 


Dax (Eurex)‎ (H5)‎ Intraday: the upside prevails.
 
Pivot:
22910.00
 
Our preference:
Long positions above 22910.00 with targets at 23470.00 & 23760.00 in extension.
 
Alternative scenario:
Below 22910.00, look for further downside with 22680.00 & 22350.00 as targets.
 
Comment:
The RSI is above its neutrality area at 50%.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: caution.
 
Pivot:
8125.00
 
Our preference:
Long positions above 8125.00 with targets at 8245.00 & 8315.00 in extension.
 
Alternative scenario:
Below 8125.00, look for further downside with 8070.00 & 8021.00 as targets.
 
Comment:
The RSI is mixed.
 


Brent (ICE)‎ (K5)‎ Intraday: intraday support is around 69.05.
 
Pivot:
69.05
 
Our preference:
Long positions above 69.05 with targets at 70.60 & 71.10 in extension.
 
Alternative scenario:
Below 69.05, look for further downside with 68.30 & 67.75 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 

 

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