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+--- Thread: Your Daily Trading Strategy Check-in - Deriv Broker February 03, 2025 Newsletter (/Thread-Your-Daily-Trading-Strategy-Check-in-Deriv-Broker-February-03-2025-Newsletter)
Your Daily Trading Strategy Check-in - Deriv Broker February 03, 2025 Newsletter - Forum Admin - 02-03-2025
Your Daily Trading Strategy Check-in - Deriv Broker February 03, 2025 Newsletter
![[Image: header_desktop_snl_en.png]](https://ci3.googleusercontent.com/meips/ADKq_NbyP2Syjwt-QrQpUrMa6xc-c8KaNPsXwnqUexnbpu9n394auEw1V8rknhxBLipmhvlOYfjpoO4gTdgYyOxtLsfYFE6Vw29g1Lx2Zf_V9BZcjevYtOIfH-8r6mfIKMX0DtWBGw=s0-d-e1-ft#https://newsletters.tradingcentral.com/deriv/images/header_desktop_snl_en.png)
Daily Market Newsletter
February 3, 2025
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
Please note that due to market volatility, some of the key levels and scenarios may have already been reached.
EUR/USD Intraday: consolidation.
Pivot:
1.0310
Our preference:
Short positions below 1.0310 with targets and scenarios may have already reached 1.0165 & 1.0110 in extension.
Alternative scenario:
Above 1.0310, look for further upside with 1.0355 & 1.0395 as targets.
Comment:
As long as the resistance at 1.0310 is not surpassed, the risk of a break below 1.0165 remains high.
![[Image: 74_20250203130938.gif]](https://ci3.googleusercontent.com/meips/ADKq_NYQ_hnsGxrQqrJ77IlsrDp85YO8yxqZYnlE6y7460yY4FYn8h_IrimsP4n1lO8FahyX_48z9IE77jTT8fVSTgDjp4SNbp6-gZO1wcdXuG6lNS0BrA=s0-d-e1-ft#https://charts.tradingcentral.com/charts/74_20250203130938.gif)
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GBP/USD Intraday: consolidation.
Pivot:
1.2345
Our preference:
Short positions below 1.2345 with targets at 1.2245 & 1.2180 in extension.
Alternative scenario:
Above 1.2345, look for further upside with 1.2385 & 1.2425 as targets.
Comment:
As long as 1.2345 is resistance, look for choppy price action with a bearish bias.
![[Image: 76_20250203130942.gif]](https://ci3.googleusercontent.com/meips/ADKq_Na8KX6jMz2Z3lInt4qA5Aqp79RUQjGTkMpOGA_EdO3NEIQUZ9ih_fypxf8HWfYoaAnVgGMPBuPu0bmKzT28_8Tg9--d7LSEReteVdHx7uwVHxtgHw=s0-d-e1-ft#https://charts.tradingcentral.com/charts/76_20250203130942.gif)
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USD/CHF Intraday: bullish bias above 0.9130.
Pivot:
0.9130
Our preference:
Long positions above 0.9130 with targets at 0.9205 & 0.9230 in extension.
Alternative scenario:
Below 0.9130, look for further downside with 0.9110 & 0.9085 as targets.
Comment:
The RSI lacks downward momentum.
![[Image: 77_20250203130939.gif]](https://ci3.googleusercontent.com/meips/ADKq_NaCE_ftvRETpDn2MWVDvZVPtt80uRpl5eVYEA5JgCna0QrTRNeBPiIzUc_fTYseOORAMVwxQVCXm9G1m-67YFHOxQu0M81l1GfoWpAgtPz6LQYKSg=s0-d-e1-ft#https://charts.tradingcentral.com/charts/77_20250203130939.gif)
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Euro Stoxx 50 (Eurex) (H5) Intraday: key resistance at 5273.00.
Pivot:
5273.00
Our preference:
Short positions below 5273.00 with targets at 5112.00 & 5048.00 in extension.
Alternative scenario:
Above 5273.00, look for further upside with 5327.00 & 5390.00 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
![[Image: 23360_20250203103558.gif]](https://ci3.googleusercontent.com/meips/ADKq_NZqFTfa95mYlsk_XMznBbGmylWfDfCf4PPHFiuhRxaq0vSENBWrcDAow1NQfIqUcnPEmAqcMJPjgHcEsFXgVXhYiAmAzgg9_L4Zl-fPlQWB4Yi9sUfKyw=s0-d-e1-ft#https://charts.tradingcentral.com/charts/23360_20250203103558.gif)
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Dax (Eurex) (H5) Intraday: key resistance at 21740.00.
Pivot:
21740.00
Our preference:
Short positions below 21740.00 with targets at 21220.00 & 21045.00 in extension.
Alternative scenario:
Above 21740.00, look for further upside with 21900.00 & 22000.00 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
![[Image: 23359_20250203103601.gif]](https://ci3.googleusercontent.com/meips/ADKq_NZyT1YF3tdHNU6j9k8TSAvYLb_wXH2UiNLl9tJv-C3um7dXvWpfduoo-DHb5Kwh5IB7iT-rjZfaWv-xls72mBCYsjNkDmrsMO5nYLSAeB7P9bLQMWw8Nw=s0-d-e1-ft#https://charts.tradingcentral.com/charts/23359_20250203103601.gif)
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Cac 40 (Euronext) (G5) Intraday: key resistance at 7933.00.
Pivot:
7933.00
Our preference:
Short positions below 7933.00 with targets at 7730.00 & 7657.00 in extension.
Alternative scenario:
Above 7933.00, look for further upside with 8010.00 & 8072.00 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
![[Image: 23358_20250203103559.gif]](https://ci3.googleusercontent.com/meips/ADKq_NYMT-h74nuskgkQkWUta3eWFqp1L_p63YLTjmCXqSWPdsbw6vSSvIAZYOk97nWiQQoEXFQKOv_xPf-elSRGq4N4s6ZxIJ876uB8SUjSVMXMEzHyHMFkcw=s0-d-e1-ft#https://charts.tradingcentral.com/charts/23358_20250203103559.gif)
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Brent (ICE) (J5) Intraday: further advance.
Pivot:
75.95
Our preference:
Long positions above 75.95 with targets at 77.35 & 77.80 in extension.
Alternative scenario:
Below 75.95, look for further downsides, with 75.45 & 75.00 as targets.
Comment:
The break above 75.95 is a positive signal that has opened a path to 77.35.
![[Image: 180_20250203112155.gif]](https://ci3.googleusercontent.com/meips/ADKq_NaaK6oEER_1_1Xcc64PWZEDqF_b9zsP5Mg-ycLiHkUYxCq7V3ts89BDxIVsMRy2yj476l3707LqaO6Kn7fnUMbaTWpOmJzTxxQBILw5uCssjheKW9Y=s0-d-e1-ft#https://charts.tradingcentral.com/charts/180_20250203112155.gif)
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Gold Intraday: continuation of the rebound.
Pivot:
2782.00
Our preference:
Long positions above 2782.00 with targets at 2817.00 & 2835.00 in extension.
Alternative scenario:
Below 2782.00, look for further downside with 2771.00 & 2760.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
![[Image: 169_20250203132306.gif]](https://ci3.googleusercontent.com/meips/ADKq_NY1sxMD3AenLCvqMNuHQSn4vDwelV6g_M0zoJgbn5tUov1U2I5gB8pIHx7IMrj9gNsTmBMigYSpLRIEhCglcCb75uYNWKzssWfJh2UHtH6eUhKdKPY=s0-d-e1-ft#https://charts.tradingcentral.com/charts/169_20250203132306.gif)
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