Your Daily Trading Strategy Check-in - Deriv Broker April 04, 2025 Newsletter

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 Your Daily Trading Strategy Check-in - Deriv Broker April 04, 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.

Due to market volatility, some key levels may have already been reached, and specific scenarios may have already played out.
 

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GBP/USD Intraday: key resistance at 1.3075.
 
Pivot:
1.3075
 
Our preference:
Short positions below 1.3075 with targets at 1.2950 & 1.2900 in extension.
 
Alternative scenario:
Above 1.3075, look for further upside with 1.3115 & 1.3145 as targets.
 
Comment:
As long as 1.3075 is resistance, look for choppy price action with a bearish bias.
 


USD/CHF Intraday: the downside prevails.
 
Pivot:
0.8575
 
Our preference:
Short positions below 0.8575 with targets at 0.8470 & 0.8440 in extension.
 
Alternative scenario:
Above 0.8575, look for further upside with 0.8610 & 0.8640 as targets.
 
Comment:
The RSI is bearish, indicating a potential for further decline.
 


EUR/USD Intraday: the downside prevails.
 
Pivot:
1.1070
 
Our preference:
Short positions below 1.1070 with targets at 1.0940 & 1.0905 in extension.
 
Alternative scenario:
Above 1.1070, look for further upside with 1.1120 & 1.1145 as targets.
 
Comment:
As long as the resistance at 1.1070 is not surpassed, the risk of a break below 1.0940 remains high.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: the downside prevails.
 
Pivot:
5050.00
 
Our preference:
Short positions below 5050.00 with targets at 4710.00 & 4600.00 in extension.
 
Alternative scenario:
Above 5050.00, look for further upside with 5108.00 & 5155.00 as targets.
 
Comment:
The RSI has broken below its 30-level support.
 


Gold Intraday: further advance.
 
Pivot:
3084.00
 
Our preference:
Long positions above 3084.00 with targets at 3167.00 & 3190.00 in extension.
 
Alternative scenario:
Below 3084.00, look for further downside, with 3063.00 and 3054.00 as potential targets.
 
Comment:
The immediate trend remains up, and the momentum is strong.
 


Dax (Eurex)‎ (M5)‎ Intraday: the downside prevails.
 
Pivot:
21460.00
 
Our preference:
Short positions below 21460.00 with targets at 20440.00 & 20100.00 in extension.
 
Alternative scenario:
Above 21460.00, look for further upside with 21740.00 & 21970.00 as targets.
 
Comment:
The immediate trend remains down, and the momentum is strong.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: the downside prevails.
 
Pivot:
7490.00
 
Our preference:
Short positions below 7490.00 with targets at 7140.00 & 7030.00 in extension.
 
Alternative scenario:
Above 7490.00, look for further upside with 7610.00 & 7740.00 as targets.
 
Comment:
The immediate trend remains down, and the momentum is strong.
 


Brent (ICE)‎ (M5)‎ Intraday: the downside prevails.
 
Pivot:
67.50
 
Our preference:
Short positions below 67.50 with targets at 63.50 & 62.00 in extension.
 
Alternative scenario:
Above 67.50, look for further upside with 69.30 & 70.30 as targets.
 
Comment:
The RSI is bearish, indicating a potential for further decline.
 

 

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