Your Daily Trading Strategy Check-in - Deriv Broker February 12, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker February 12, 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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GBP/USD   EUR/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Gold   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE) 

Please note that due to market volatility, some of the key levels and scenarios may have already been reached.
 
GBP/USD Intraday: intraday support is around 1.2435.
 
Pivot:
1.2435
 
Our preference:
Long positions above 1.2435 with targets at 1.2465 & 1.2490 in extension.
 
Alternative scenario:
Below 1.2435, look for further downside with 1.2415 & 1.2395 as targets.
 
Comment:
A support base at 1.2435 has formed, allowing temporary stabilization.
 

 
EUR/USD Intraday: further advance.
 
Pivot:
1.0365
 
Our preference:
Long positions above 1.0365 with targets at 1.0400 & 1.0425 in extension.
 
Alternative scenario:
Below 1.0365, look for further downside with 1.0350 & 1.0335 as targets.
 
Comment:
The break above 1.0365 is a positive signal that has opened a path to 1.0400.
 

 
USD/CHF Intraday: under pressure.
 
Pivot:
0.9120
 
Our preference:
Short positions below 0.9120 with targets at 0.9100 & 0.9090 in extension.
 
Alternative scenario:
Above 0.9120, look for further upside with 0.9140 & 0.9155 as targets.
 
Comment:
If the resistance at 0.9120 is not surpassed, the risk of a break below 0.9100 remains high.
 

 
Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: the upside prevails.
 
Pivot:
5363.00
 
Our preference:
Long positions above 5363.00 with targets at 5423.00 & 5465.00 in extension.
 
Alternative scenario:
Below 5363.00, look for further downside with 5340.00 & 5320.00 as targets.
 
Comment:
The RSI calls for a new upleg.
 

 
Gold Intraday: the downside prevails.
 
Pivot:
2895.00
 
Our preference:
Short positions below 2895.00 with targets at 2869.00 & 2859.00 in extension.
 
Alternative scenario:
Above 2895.00, look for further upside with 2909.00 & 2915.00 as targets.
 
Comment:
The break below 2895.00 is a negative signal that has opened a path to 2869.00.
 

 
Dax (Eurex)‎ (H5)‎ Intraday: bullish bias above 21965.00.
 
Pivot:
21965.00
 
Our preference:
Long positions above 21965.00 with targets at 22215.00 & 22400.00 in extension.
 
Alternative scenario:
Below 21965.00, look for further downside with 21870.00 & 21800.00 as targets.
 
Comment:
The RSI calls for a new upleg.
 

 
Cac 40 (Euronext)‎ (G5)‎ Intraday: the bias remains bullish.
 
Pivot:
7979.00
 
Our preference:
Long positions above 7979.00 with targets at 8073.00 & 8140.00 in extension.
 
Alternative scenario:
Below 7979.00, look for further downside with 7949.00 & 7915.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 

 
Brent (ICE)‎ (J5)‎ Intraday: the downside prevails.
 
Pivot:
76.60
 
Our preference:
Short positions below 76.60 with targets at 75.70 & 75.30 in extension.
 
Alternative scenario:
Above 76.60, look for further upside with 77.05 & 77.30 as targets.
 
Comment:
The break below 76.60 is a negative signal that has opened a path to 75.70.
 

 

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