Your Daily Trading Strategy Check-in - Deriv Broker February 07, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker February 07, 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 and scenarios may have already been reached.

GBP/USD Intraday: bullish bias above 1.2420.
 
Pivot:
1.2420
 
Our preference:
Long positions above 1.2420 with targets at 1.2480 & 1.2510 in extension.
 
Alternative scenario:
Below 1.2420, look for further downside with 1.2390 & 1.2360 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 

 
Trade
 
EUR/USD Intraday: bullish bias above 1.0370.
 
Pivot:
1.0370
 
Our preference:
Long positions above 1.0370 with targets at 1.0400 & 1.0425 in extension.
 
Alternative scenario:
Below 1.0370, look for further downside with 1.0350 & 1.0335 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 

 
Trade
 
USD/CHF Intraday: bullish bias above 0.9040.
 
Pivot:
0.9040
 
Our preference:
Long positions above 0.9040 with targets at 0.9085 & 0.9100 in extension.
 
Alternative scenario:
Below 0.9040, look for further downside with 0.9020 & 0.9000 as targets.
 
Comment:
The RSI lacks downward momentum.
 

 
Trade
 
Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: the upside prevails.
 
Pivot:
5307.00
 
Our preference:
Long positions above 5307.00 with targets at 5375.00 & 5400.00 in extension.
 
Alternative scenario:
Below 5307.00, look for further downside with 5283.00 & 5250.00 as targets.
 
Comment:
The RSI lacks upward momentum.
 

 
Trade
 
Gold Intraday: further advance.
 
Pivot:
2854.00
 
Our preference:
Long positions above 2854.00 with targets at 2882.00 & 2890.00 in extension.
 
Alternative scenario:
Below 2854.00, look for further downside with 2843.00 & 2834.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 

 
Trade
 
Dax (Eurex)‎ (H5)‎ Intraday: the upside prevails.
 
Pivot:
21800.00
 
Our preference:
Long positions above 21800.00 with targets at 22060.00 & 22160.00 in extension.
 
Alternative scenario:
Below 21800.00, look for further downside with 21730.00 & 21640.00 as targets.
 
Comment:
The RSI is above its neutrality area at 50%.
 

 
Trade
 
Cac 40 (Euronext)‎ (G5)‎ Intraday: the upside prevails.
 
Pivot:
7940.00
 
Our preference:
Long positions above 7940.00 with targets at 8034.00 & 8160.00 in extension.
 
Alternative scenario:
Below 7940.00, look for further downside with 7877.00 & 7827.00 as targets.
 
Comment:
The RSI lacks downward momentum.
 

 
Trade
 
Brent (ICE)‎ (J5)‎ Intraday: under pressure.
 
Pivot:
75.10
 
Our preference:
Short positions below 75.10 with targets at 74.10 & 73.85 in extension.
 
Alternative scenario:
Above 75.10, look for further upside with 76.10 & 76.65 as targets.
 
Comment:
As long as 75.10 is resistance, look for choppy price action with a bearish bias.
 

 
Trade
 

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