Your Daily Trading Strategy Check-in - Deriv Broker February 05, 2025 Newsletter

[Forum Admin]

Your Daily Trading Strategy Check-in - Deriv Broker February 05, 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)

GBP/USD Intraday: intraday support is around 1.2485.
 
Pivot:
1.2485
 
Our preference:
Long positions above 1.2485 with targets at 1.2550 & 1.2575 in extension.
 
Alternative scenario:
Below 1.2485, look for further downside with 1.2460 & 1.2435 as targets.
 
Comment:
The break above the resistance at 1.2485 triggered an upward acceleration to 1.2550.
 

 
Trade
 
EUR/USD Intraday: bullish bias above 1.0365.
 
Pivot:
1.0365
 
Our preference:
Long positions above 1.0365 with targets at 1.0435 & 1.0465 in extension.
 
Alternative scenario:
Below 1.0365, look for further downside with 1.0320 & 1.0270 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 

 
Trade
 
USD/CHF Intraday: the downside prevails.
 
Pivot:
0.9045
 
Our preference:
Short positions below 0.9045 with targets at 0.8995 & 0.8965 in extension.
 
Alternative scenario:
Above 0.9045, look for further upside with 0.9060 & 0.9080 as targets.
 
Comment:
The break below 0.9045 is a negative signal that has opened a path to 0.8995.
 

 
[/url]Trade

Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: caution.
 
Pivot:
5283.00
 
Our preference:
Short positions below 5283.00 with targets at 5240.00 & 5185.00 in extension.
 
Alternative scenario:
Above 5283.00, look for further upside with 5327.00 & 5390.00 as targets.
 
Comment:
The RSI lacks upward momentum.
 

 
  Trade
 
Gold Intraday: further upside.
 
Pivot:
2854.00
 
Our preference:
Long positions above 2854.00 with targets at 2879.00 & 2890.00 in extension.
 
Alternative scenario:
Below 2854.00, look for further downside with 2830.00 & 2821.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 

 
Trade
 
Dax (Eurex)‎ (H5)‎ Intraday: consolidation in place.
 
Pivot:
21734.00
 
Our preference:
Short positions below 21734.00 with targets at 21370.00 & 21220.00 in extension.
 
Alternative scenario:
Above 21734.00, look for further upside with 21900.00 & 22000.00 as targets.
 
Comment:
The RSI lacks momentum.
 

 
Trade
 
Cac 40 (Euronext)‎ (G5)‎ Intraday: key resistance at 7933.00.
 
Pivot:
7933.00
 
Our preference:
Short positions below 7933.00 with targets at 7827.00 & 7807.00 in extension.
 
Alternative scenario:
Above 7933.00, look for further upside with 7985.00 & 8010.00 as targets.
 
Comment:
The RSI is mixed with a bearish bias.
 

 
Trade

Brent (ICE)‎ (J5)‎ Intraday: the downside prevails.
 
Pivot:
76.10
 
Our preference:
Short positions below 76.10 with targets at 74.80 & 74.15 in extension.
 
Alternative scenario:
Above 76.10, look for further upside with 76.65 & 77.05 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


[url=https://track.deriv.com/_RAqBFMEhdbOws6I0Pc5-VWNd7ZgqdRLk/1/]Trade
 

Click Here to Read Deriv Broker Forex Platforms Review