Your Daily Trading Strategy Check-in - Deriv Broker April 03, 2025 Newsletter

[Forum Admin]

 Your Daily Trading Strategy Check-in - Deriv Broker April 03, 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.
 

Click Here to Read Deriv Broker Forex Platforms Review

 
Because of market volatility, some key levels may have already been reached, and specific scenarios may have already unfolded.

EUR/USD Intraday: further upside.
 
Pivot:
1.0985
 
Our preference:
Long positions above 1.0985 with targets at 1.1150 & 1.1185 in extension.
 
Alternative scenario:
Below 1.0985, look for further downside with 1.0940 & 1.0905 as targets.
 
Comment:
The RSI is bullish, indicating a potential for further advance.
 


GBP/USD Intraday: bullish bias above 1.3100.
 
Pivot:
1.3100
 
Our preference:
Long positions above 1.3100 with targets at 1.3200 & 1.3230 in extension.
 
Alternative scenario:
Below 1.3100, look for further downside with 1.3055 & 1.3025 as targets.
 
Comment:
The RSI lacks downward momentum.
 


USD/CHF Intraday: under pressure.
 
Pivot:
0.8680
 
Our preference:
Short positions below 0.8680 with targets at 0.8590 & 0.8555 in extension.
 
Alternative scenario:
Above 0.8680, look for further upside with 0.8725 & 0.8760 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: under pressure.
 
Pivot:
5175.00
 
Our preference:
Short positions below 5175.00 with targets at 5090.00 & 5054.00 in extension.
 
Alternative scenario:
Above 5175.00, look for further upside with 5199.00 & 5220.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 


Dax (Eurex)‎ (M5)‎ Intraday: choppy.
 
Pivot:
22410.00
 
Our preference:
Short positions below 22410.00 with targets at 22010.00 & 21900.00 in extension.
 
Alternative scenario:
Above 22410.00, look for further upside with 22530.00 & 22660.00 as targets.
 
Comment:
As long as 22410.00 is resistance, look for choppy price action with a bearish bias.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: the downside prevails.
 
Pivot:
7800.00
 
Our preference:
Short positions below 7800.00 with targets at 7680.00 & 7630.00 in extension.
 
Alternative scenario:
Above $7,800.00, look for further upside with $7,880.00 and $7,930.00 as targets.
 
Comment:
The RSI is bearish, indicating a potential for further decline.
 

Brent (ICE)‎ (M5)‎ Intraday: the downside prevails.

 
Pivot:
72.75
 
Our preference:
Short positions below 72.75 with targets at 71.25 & 71.00 in extension.
 
Alternative scenario:
Above 72.75, look for further upside with 73.40 & 73.85 as targets.
 
Comment:
The immediate trend remains down, and the momentum is strong.
 


Gold Intraday: the downside prevails.
 
Pivot:
3116.00
 
Our preference:
Short positions below 3116.00 with targets at 3077.00 & 3066.00 in extension.
 
Alternative scenario:
Above 3116.00, look for further upside with 3133.00 & 3145.00 as targets.
 
Comment:
The break below 3116.00 is a negative signal that has opened a path to 3077.00.
 

Click Here to Read Deriv Broker Forex Platforms Review