Your Daily Trading Strategy Check-in - Deriv Broker May 29, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker May 29, 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 Intraday: under pressure.
 
Pivot:
1.1300
 
Our preference:
Short positions below 1.1300 with targets at 1.1205 & 1.1175 in extension.
 
Alternative scenario:
Above 1.1300, look for further upside with 1.1340 & 1.1375 as targets.
 
Comment:
As long as the resistance at 1.1300 is not surpassed, the risk of the break below 1.1205 remains high.
 


GBP/USD Intraday: key resistance at 1.3480.
 
Pivot:
1.3480
 
Our preference:
Short positions below 1.3480 with targets at 1.3400 & 1.3365 in extension.
 
Alternative scenario:
Above 1.3480, look for further upside with 1.3515 & 1.3560 as targets.
 
Comment:
As long as 1.3480 remains a resistance level, the price is likely to decline to 1.3400.
 


USD/CHF Intraday: intraday support around 0.8265.
 
Pivot:
0.8265
 
Our preference:
Long positions above 0.8265 with targets at 0.8360 & 0.8395 in extension.
 
Alternative scenario:
Below 0.8265, look for further downside with 0.8240 & 0.8225 as targets.
 
Comment:
The RSI lacks downward momentum.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: bullish bias above 5379.00.
 
Pivot:
5379.00
 
Our preference:
Long positions above 5379.00 with targets at 5475.00 & 5526.00 in extension.
 
Alternative scenario:
Below 5379.00, look for further downside, with 5351.00 and 5327.00 as potential targets.
 
Comment:
The RSI is mixed, indicating a cautious approach.
 


Dax (Eurex)‎ (M5)‎ Intraday: intraday support around 24042.00.
 
Pivot:
24042.00
 
Our preference:
Long positions above 24042.00 with targets at 24426.00 & 24555.00 in extension.
 
Alternative scenario:
Below 24042.00, look for further downside, with 23840.00 and 23640.00 as potential targets.
 
Comment:
The RSI is mixed, indicating a cautious approach.
 


CAC 40 (Euronext)‎ (M5)‎ Intraday: intraday support around 7770.00.
 
Pivot:
7770.00
 
Our preference:
Long positions above 7770.00 with targets at 7870.00 & 7926.00 in extension.
 
Alternative scenario:
Below 7770.00, look for further downside, with 7730.00 and 7700.00 as potential targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


Brent (ICE)‎ (Q5)‎ Intraday: under pressure.
 
Pivot:
65.20
 
Our preference:
Short positions below 65.20 with targets at 64.35 & 64.00 in extension.
 
Alternative scenario:
Above 65.20, look for further upside with 65.50 & 65.70 as targets.
 
Comment:
The RSI is bearish, indicating a potential for further decline.
 


Gold Intraday: continuation of the rebound.
 
Pivot:
3268.00
 
Our preference:
Long positions above 3268.00 with targets at 3312.00 & 3325.00 in extension.
 
Alternative scenario:
Below 3268.00, look for further downside, with 3255.00 and 3245.00 as potential targets.
 
Comment:
The RSI calls for a rebound.
 

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