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+--- Thread: Your Daily Trading Strategy Check-in - Deriv Broker February 04, 2025 Newsletter (/Thread-Your-Daily-Trading-Strategy-Check-in-Deriv-Broker-February-04-2025-Newsletter)
Your Daily Trading Strategy Check-in - Deriv Broker February 04, 2025 Newsletter - Forum Admin - 02-04-2025
Your Daily Trading Strategy Check-in - Deriv Broker February 04, 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)
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)
GBP/USD Intraday: under pressure.
Pivot:
1.2450
Our preference:
Short positions below 1.2450 with targets at 1.2375 & 1.2350 in extension.
Alternative scenario:
Above 1.2450, look for further upside with 1.2475 & 1.2500 as targets.
Comment:
If the resistance at 1.2450 is not surpassed, the risk of a break below 1.2375 remains high.
![[Image: 76_20250204130312.gif]](https://ci3.googleusercontent.com/meips/ADKq_NaROIeARAcSHDBl_T3C_yDkHlZ-bI5n7WqrKOjsskX6rOhcEomkJQ7TfPl-i84SMdROlWpyLZbnLTzrPSuveG0DRLVHmVi5NAUY0i3QwlG61K-GYA=s0-d-e1-ft#https://charts.tradingcentral.com/charts/76_20250204130312.gif)
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EUR/USD Intraday: under pressure.
Pivot:
1.0355
Our preference:
Short positions below 1.0355 with targets at 1.0270 & 1.0240 in extension.
Alternative scenario:
Above 1.0355, look for further upside with 1.0390 & 1.0430 as targets.
Comment:
As long as 1.0355 is resistance, look for choppy price action with a bearish bias.
![[Image: 74_20250204130312.gif]](https://ci3.googleusercontent.com/meips/ADKq_NaTen1oN58mCVrRdAn-nLDMXoG3E4VRTR1ZUL2oZxr6qR5sQNTzu_wQuRuHhJoUvEUUFw5Qt9Rz8IwXJ5Vib5L58sBkcAeaBhUgpDIe-K2OT9Fdow=s0-d-e1-ft#https://charts.tradingcentral.com/charts/74_20250204130312.gif)
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USD/CHF Intraday: Consolidation is in place.
Pivot:
0.9110
Our preference:
Short positions below 0.9110 with targets at 0.9070 & 0.9055 in extension.
Alternative scenario:
Above 0.9110, look for further upside with 0.9130 & 0.9140 as targets.
Comment:
The break below 0.9110 is a negative signal that has opened a path to 0.9070.
![[Image: 77_20250204130314.gif]](https://ci3.googleusercontent.com/meips/ADKq_NZeGS2GpJiaPODion3qNNYJmd8Iknml1i7Dovc66UVX4IyQhprOdNIHTQDHaQnDsV1qIqCiwWQZy1idF9lYXWAn3uIv63Du9djOvLyDRB0lwixzUw=s0-d-e1-ft#https://charts.tradingcentral.com/charts/77_20250204130314.gif)
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Euro Stoxx 50 (Eurex) (H5) Intraday: consolidation in place.
Pivot:
5273.00
Our preference:
Short positions below 5273.00 with targets at 5185.00 & 5124.00 in extension.
Alternative scenario:
Above 5273.00, look for further upside with 5327.00 & 5390.00 as targets.
Comment:
The RSI lacks upward momentum.
![[Image: 23360_20250204110621.gif]](https://ci3.googleusercontent.com/meips/ADKq_NbYxJDjS154budB8L1gT_q0Aoc0AykGY87oQTmd0VywJb7TxX-dAyaE07znaGKdH73umz1JstT9jPSabwL0S0rY-rAby_Tr81CX0seYBsY5CAQ7C_JtLQ=s0-d-e1-ft#https://charts.tradingcentral.com/charts/23360_20250204110621.gif)
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Gold Intraday: bullish bias above 2802.00.
Pivot:
2802.00
Our preference:
Long positions above 2802.00 with targets at 2825.00 & 2831.00 in extension.
Alternative scenario:
Below 2802.00, look for further downside with 2793.00 & 2784.00 as targets.
Comment:
A support base at 2802.00 has formed, allowing temporary stabilization.
![[Image: 169_20250204113444.gif]](https://ci3.googleusercontent.com/meips/ADKq_NZCGRCk88M578Uo2SmXOBXquSieYqPsk6XF4bqJP_9jRGZbkYgBtABlk2crDIpzu9G77k0w14leP4zKxdzgPKcwPeZlFM0HFCVX7zrZd5xNoOiJheI=s0-d-e1-ft#https://charts.tradingcentral.com/charts/169_20250204113444.gif)
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Dax (Eurex) (H5) Intraday: consolidation in place.
Pivot:
21740.00
Our preference:
Short positions below 21740.00 with targets at 21370.00 & 21220.00 in extension.
Alternative scenario:
Above 21740.00, look for further upside with 21900.00 & 22000.00 as targets.
Comment:
The RSI lacks upward momentum.
![[Image: 23359_20250204110626.gif]](https://ci3.googleusercontent.com/meips/ADKq_NYMOtQFrqXIUXzjZMmLQlZF8MUHO_Nk60cXshmBJYzVuLuPBxxWQPORqprmfAbF0W5H6x6mUC2W3bA3-LQnivG2EXcqEwuRosCaxnslaX2HBfc9K1-4VA=s0-d-e1-ft#https://charts.tradingcentral.com/charts/23359_20250204110626.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 7807.00 & 7764.00 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_20250204110628.gif]](https://ci3.googleusercontent.com/meips/ADKq_NZHzRExbqneoGGo25sCUf_jXKV7Clavy213ssmx7mSVnAGPs7Bd_SsKVibar86MNMIaCdPKmWy49_ccNWaetGHNIYlRjroCx1MhgLd0pLvRW0CVceqK9w=s0-d-e1-ft#https://charts.tradingcentral.com/charts/23358_20250204110628.gif)
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Brent (ICE) (J5) Intraday: the downside prevails.
Pivot:
75.60
Our preference:
Short positions below 75.60 with targets at 74.40 & 73.90 in extension.
Alternative scenario:
Above 75.60, look for further upside with 76.00 & 76.35 as targets.
Comment:
The break below 75.60 is a negative signal that has opened a path to 74.40.
![[Image: 180_20250204113517.gif]](https://ci3.googleusercontent.com/meips/ADKq_NbeB3RkeSQiBmQu79d2u0a4O12AXt14KXBkc0tEbZY5us3ufAEXttWO1vFsid8mbfI58mYsibrdYFwesMHKURlUtSLYL9Vhy_YHc-q0R4iBMbi_0UA=s0-d-e1-ft#https://charts.tradingcentral.com/charts/180_20250204113517.gif)
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