Your Daily Trading Strategy Check-in - Deriv Broker February 11, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker February 11, 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.

GBP/USD   EUR/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Gold   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE) 
 
Just so you know, because of market volatility, some of the key levels may have already been reached, and scenarios may have played out.
 

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GBP/USD Intraday: consolidation.
 
Pivot:
1.2385
 
Our preference:
Short positions below 1.2385 with targets at 1.2330 & 1.2300 in extension.
 
Alternative scenario:
Above 1.2385, look for further upside with 1.2420 & 1.2440 as targets.
 
Comment:
If the resistance at 1.2385 is not surpassed, the risk of a break below 1.2330 remains high.
 

 
EUR/USD Intraday: further advance.
 
Pivot:
1.0300
 
Our preference:
Long positions above 1.0300 with targets at 1.0335 & 1.0355 in extension.
 
Alternative scenario:
Below 1.0300, look for further downside with 1.0285 & 1.0270 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 

 
USD/CHF Intraday: further advance.
 
Pivot:
0.9110
 
Our preference:
Long positions above 0.9110 with targets at 0.9140 & 0.9155 in extension.
 
Alternative scenario:
Below 0.9110, look for further downside with 0.9100 & 0.9090 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 

 
Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: the upside prevails.
 
Pivot:
5347.00
 
Our preference:
Long positions above 5347.00 with targets at 5380.00 & 5400.00 in extension.
 
Alternative scenario:
Below 5347.00, look for further downside with 5329.00 & 5320.00 as targets.
 
Comment:
The RSI is around its neutrality area at 50%
 

 
Gold Intraday: consolidation in place.
 
Pivot:
2924.00
 
Our preference:
Short positions below 2924.00 with targets at 2898.00 & 2887.00 in extension.
 
Alternative scenario:
Above 2924.00, look for further upside with 2943.00 & 2953.00 as targets.
 
Comment:
As long as 2924.00 is resistance, look for choppy price action with a bearish bias.
 

 
Dax (Eurex)‎ (H5)‎ Intraday: the bias remains bullish.
 
Pivot:
21875.00
 
Our preference:
Long positions above 21875.00 with targets at 22070.00 & 22190.00 in extension.
 
Alternative scenario:
Below 21875.00, look for further downside with 21820.00 & 21749.00 as targets.
 
Comment:
The RSI is above its neutrality area at 50%.
 

 

Cac 40 (Euronext)‎ (G5)‎ Intraday: the bias remains bullish.

 
Pivot:
7950.00
 
Our preference:
Long positions above 7950.00 with targets at 8037.00 & 8095.00 in extension.
 
Alternative scenario:
Below 7950.00, look for further downside with 7921.00 & 7890.00 as targets.
 
Comment:
The RSI is around its neutrality area at 50%
 

 
Brent (ICE)‎ (J5)‎ Intraday: further upside.
 
Pivot:
76.25
 
Our preference:
Long positions above 76.25 with targets at 77.00 & 77.40 in extension.
 
Alternative scenario:
Below 76.25, look for further downside with 75.70 & 75.30 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


 

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