Your Daily Trading Strategy Check-in - Deriv Broker September 03, 2025 Newsletter
Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.
The Beginning of a Downtrend or the Continuation of an Uptrend in Bitcoin?
As mentioned in the analysis of Bitcoin, the market leader in cryptocurrencies, there was a lack of optimism regarding the continuation of the upward trend in the charts. The price reaching support levels such as $108,500 was likely for a correction, and ultimately, this scenario has materialized.
In the long term, trends such as monthly and weekly are still interpreted as bullish. However, due to the peaks formed in the chart and the price being in an overbought state, buying plans may carry risks.
Currently, the price has halted further declines upon reaching the support zone of $111,930 - $108,500, with some risk-tolerant buyers active in this area. The formation of spinning top and shooting star candlestick patterns over the past three days indicates a weak upward movement and uncertainty among traders about continuing the trend.
Given the recent decline in the market value of cryptocurrencies, we are witnessing increased hesitation among traders (with fear present among them) regarding a potential continuation of the uptrend. In this context, for a resumption of downward activity, we need to see prices stabilize below the key level of $108,500.
If this occurs, the market may lose hope for further upward movement, with the price potentially reaching support levels of $105,500 and $101,000.
Bitcoin and Potential Upward Movement Ahead
In a bullish scenario, as long as the price remains above the key level of $108,500, there is potential for upward movement and reaching resistance levels of $111,930 and, in a more extreme case, up to $115,900.
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Ethereum reached an intraday high of $4,935 on Sunday, driven by optimism over rate cuts, strong ETF flows, and significant institutional interest.
Ethereum (ETH) climbed to an intraday high of $4,935, extending its rally as traders flocked to the second-largest crypto asset by market cap. The advance comes on the heels of comments from Federal Reserve Chairman Jerome Powell at Jackson Hole this week, which signaled that a September rate cut could be possible, spurring risk appetite in markets.
Ethereum’s rise also comes as exchange-traded funds (ETFs) saw inflows of hundreds of millions last week, pushing total ETH ETF assets past $30 billion. Institutional players, including Bitmine’s weekend stock, reported increased allocations, indicating growing confidence in ether as an investment and treasury reserve. Analysts at Standard Chartered raised their year-end forecast for ether to $7,500, suggesting today’s rally could mark the start of a broader bull run. At 2:08 p.m. ET on Sunday, ETH was trading at $4,923 per unit.
Your Daily Trading Strategy Check-in - Deriv Broker August 29, 2025 Newsletter
Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.
Review of the EUR/USD Outlook – Dated August 28, 2025
The EUR/USD pair has exhibited bearish tendencies since the beginning of July, failing to secure further upward momentum.
In longer-term timeframes such as the weekly chart, the price remains relatively overbought. The formation of recent peaks, which have been unable to surpass the previous highs, indicates a partial retreat of buyers.
From a fundamental perspective, the U.S. dollar is in a challenging position, and recovery efforts do not appear to be assured. In this regard, the lack of alignment between former President Trump and the Federal Reserve has become more apparent, leading to a partial weakening of the dollar’s strength.
On shorter-term timeframes, such as the daily chart, the price has been halted at a descending trendline formed by two resistance points, preventing further upward movement, and is currently in decline.
Should prices stabilize below the 1.15800 support level (which, under current conditions, serves as the most critical barrier to further downside), bearish sentiment is likely to intensify, giving the pair potential to decline further toward the 1.15000 support level, and in a more severe scenario, down to 1.14500.
Conversely, in the bullish scenario, the first signal would emerge if the daily candle high of August 26 is broken.
Following that, buyers may attempt to breach the descending trendline—a favorable indication of a potential bullish reversal. In this case, the following resistance levels for the price would be 1.17300 and 1.18000.
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Your Daily Trading Strategy Check-in - Deriv Broker August 26, 2025 Newsletter
Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.
GBP/USD Intraday: consolidation. Pivot: 1.3490 Our preference: Short positions below 1.3490 with targets at 1.3420 & 1.3390 in extension. Alternative scenario: Above 1.3490 look for further upside with 1.3520 & 1.3545 as targets. Comment: As long as 1.3490 is resistance, look for choppy price action with a bearish bias.
EUR/USD Intraday: consolidation.
Pivot:
1.1670
Our preference:
Short positions below 1.1670 with targets at 1.1580 & 1.1540 in extension.
Alternative scenario:
Above 1.1670 look for further upside with 1.1705 & 1.1740 as targets.
Comment:
As long as 1.1670 is resistance, look for choppy price action with a bearish bias.
USD/CHF Intraday: under pressure.
Pivot:
0.8075
Our preference:
Short positions below 0.8075 with targets at 0.8025 & 0.8015 in extension.
Alternative scenario:
Above 0.8075 look for further upside with 0.8100 & 0.8130 as targets.
Comment:
As long as 0.8075 is resistance, expect a return to 0.8025.
Euro Stoxx 50 (Eurex) (U5) Intraday: the downside prevails.
Pivot:
5449.00
Our preference:
Short positions below 5449.00 with targets at 5384.00 & 5354.00 in extension.
Alternative scenario:
Above 5449.00 look for further upside with 5474.00 & 5490.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
Your Daily Trading Strategy Check-in - Deriv Broker August 25, 2025 Newsletter
Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.