Your Daily Trading Strategy Check-in - Deriv Broker April 02, 2025 Newsletter

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 Your Daily Trading Strategy Check-in - Deriv Broker April 02, 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 Intraday: key resistance at 1.2950.
 
Pivot:
1.2950
 
Our preference:
Short positions below 1.2950 with targets at 1.2920 & 1.2900 in extension.
 
Alternative scenario:
Above 1.2950, look for further upside with 1.2970 & 1.2990 as targets.
 
Comment:
As long as 1.2950 is resistance, look for choppy price action with a bearish bias.
 


EUR/USD Intraday: key resistance at 1.0815.
 
Pivot:
1.0815
 
Our preference:
Short positions below 1.0815 with targets at 1.0775 & 1.0755 in extension.
 
Alternative scenario:
Above 1.0815, look for further upside with 1.0830 & 1.0845 as targets.
 
Comment:
As long as the resistance at 1.0815 is not surpassed, the risk of a break below 1.0775 remains high.
 


USD/CHF Intraday: bullish bias above 0.8815.
 
Pivot:
0.8815
 
Our preference:
Long positions above 0.8815 with targets at 0.8855 & 0.8870 in extension.
 
Alternative scenario:
Below 0.8815, look for further downside with 0.8800 & 0.8780 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: under pressure.
 
Pivot:
5280.00
 
Our preference:
Short positions below 5280.00 with targets at 5212.00 & 5179.00 in extension.
 
Alternative scenario:
Above 5280.00, look for further upside with 5310.00 & 5339.00 as targets.
 
Comment:
As long as the resistance at 5280.00 is not surpassed, the risk of a break below 5212.00 remains high.
 


Gold Intraday: bullish bias above 3110.00.
 
Pivot:
3110.00
 
Our preference:
Long positions above 3110.00 with targets at 3135.00 & 3149.00 in extension.
 
Alternative scenario:
Below 3110.00, look for further downside, with 3100.00 and 3090.00 as potential targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


Dax (Eurex)‎ (M5)‎ Intraday: choppy.
 
Pivot:
22800.00
 
Our preference:
Short positions below 22800.00 with targets at 22430.00 & 22240.00 in extension.
 
Alternative scenario:
Above 22800.00, look for further upside with 22940.00 & 23070.00 as targets.
 
Comment:
As long as the resistance at 22800.00 is not surpassed, the risk of a break below 22430.00 remains high.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: choppy.
 
Pivot:
7939.00
 
Our preference:
Short positions below 7939.00 with targets at 7820.00 & 7765.00 in extension.
 
Alternative scenario:
Above 7939.00, look for further upside with 7990.00 & 8030.00 as targets.
 
Comment:
As long as the resistance at 7939.00 is not surpassed, the risk of a break below 7820.00 remains high.
 


Brent (ICE)‎ (M5)‎ Intraday: under pressure.
 
Pivot:
74.65
 
Our preference:
Short positions below 74.65 with targets at 73.80 & 73.40 in extension.
 
Alternative scenario:
Above 74.65, look for further upside with 75.00 & 75.30 as targets.
 
Comment:
As long as the resistance at 74.65 is not surpassed, the risk of a break below 73.80 remains high.
 

 

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