Your Daily Trading Strategy Check-in - Deriv Broker May 30, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker May 30, 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: intraday support around 1.1320.
 
Pivot:
1.1320
 
Our preference:
Long positions above 1.1320 with targets at 1.1389 & 1.1418 in extension.
 
Alternative scenario:
Below 1.1320, look for further downside with 1.1290 & 1.1260 as targets.
 
Comment:
Intraday technical indicators are mixed.
 

GBP/USD Intraday: the downside prevails.
 
Pivot:
1.3510
 
Our preference:
Short positions below 1.3510 with targets at 1.3445 & 1.3415 in extension.
 
Alternative scenario:
Above 1.3510, look for further upside with 1.3535 & 1.3560 as targets.
 
Comment:
As long as 1.3510 is resistance, expect a return to 1.3445.
 


USD/CHF Intraday: key resistance at 0.8250.
 
Pivot:
0.8250
 
Our preference:
Short positions below 0.8250 with targets at 0.8185 & 0.8160 in extension.
 
Alternative scenario:
Above 0.8250, look for further upside with 0.8285 & 0.8315 as targets.
 
Comment:
The upward potential is likely to be limited by the resistance at 0.8250.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: bullish bias above 5350.00.
 
Pivot:
5350.00
 
Our preference:
Long positions above 5350.00 with targets at 5435.00 & 5459.00 in extension.
 
Alternative scenario:
Below $ 5,350.00, look for further downside, with $ 5,319.00 and $ 5,294.00 as potential targets.
 
Comment:
The RSI is bullish, indicating a potential further advance.
 


Dax (Eurex)‎ (M5)‎ Intraday: intraday support around 23870.00.
 
Pivot:
23870.00
 
Our preference:
Long positions above 23870.00 with targets at 24290.00 & 24420.00 in extension.
 
Alternative scenario:
Below 23870.00, look for further downside, with 23755.00 and 23660.00 as potential targets.
 
Comment:
The RSI is bullish, indicating a potential further advance.
 


CAC 40 (Euronext)‎ (M5)‎ Intraday: choppy.
 
Pivot:
7700.00
 
Our preference:
Long positions above 7700.00 with targets at 7839.00 & 7867.00 in extension.
 
Alternative scenario:
Below are the targets.
 
Comment:
The RSI lacks momentum.
 


Brent (ICE)‎ (Q5)‎ Intraday: intraday support around 62.75.
 
Pivot:
62.75
 
Our preference:
Long positions above 62.75 with targets at 64.00 & 64.40 in extension.
 
Alternative scenario:
Below 62.75, look for further downside, with 62.30 and 62.00 as potential targets.
 
Comment:
A support base at 62.75 has formed, allowing for temporary stabilization.
 


Gold Intraday: consolidation in place.
 
Pivot:
3325.00
 
Our preference:
Short positions below 3325.00 with targets at 3287.00 & 3265.00 in extension.
 
Alternative scenario:
Above 3325.00, look for further upside with 3350.00 & 3365.00 as targets.
 
Comment:
As long as the resistance at 3325.00 is not surpassed, the risk of the break below 3287.00 remains high.
 

 

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