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

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

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

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EUR/USD Intraday: intraday support is around 1.0930.
 
Pivot:
1.0930
 
Our preference:
Long positions above 1.0930 with targets at 1.1085 & 1.1120 in extension.
 
Alternative scenario:
Below 1.0930, look for further downside with 1.0880 & 1.0840 as targets.
 
Comment:
A support base at 1.0930 has formed, allowing for temporary stabilization.
 


GBP/USD Intraday: the downside prevails.
 
Pivot:
1.2930
 
Our preference:
Short positions below 1.2930 with targets at 1.2800 & 1.2765 in extension.
 
Alternative scenario:
Above 1.2930, look for further upside with 1.2995 & 1.3050 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


USD/CHF Intraday: the downside prevails.
 
Pivot:
0.8585
 
Our preference:
Short positions below 0.8585 with targets at 0.8430 & 0.8395 in extension.
 
Alternative scenario:
Above 0.8585, look for further upside with 0.8630 & 0.8670 as targets.
 
Comment:
As long as 0.8585 is resistance, look for choppy price action with a bearish bias.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: intraday support around 4410.00.
 
Pivot:
4410.00
 
Our preference:
Long positions above 4410.00 with targets at 4649.00 & 4760.00 in extension.
 
Alternative scenario:
Below 4410.00, look for further downside, with 4323.00 and 4260.00 as potential targets.
 
Comment:
The RSI lacks downward momentum.
 


Dax (Eurex)‎ (M5)‎ Intraday: intraday support around 18900.00.
 
Pivot:
18900.00
 
Our preference:
Long positions above 18900.00 with targets at 20190.00 & 20600.00 in extension.
 
Alternative scenario:
Below 18900.00, look for further downside with 18420.00 and 18000.00 as targets.
 
Comment:
A support base at 18900.00 has formed, allowing for temporary stabilization.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: intraday support around 6710.00.
 
Pivot:
6710.00
 
Our preference:
Long positions above 6710.00 with targets at 7047.00 & 7120.00 in extension.
 
Alternative scenario:
Below 6,710.00, look for further downside with 6,590.00 and 6,500.00 as targets.
 
Comment:
The RSI lacks downward momentum.
 


Brent (ICE)‎ (M5)‎ Intraday: the downside prevails.
 
Pivot:
66.45
 
Our preference:
Short positions below 66.45 with targets at 61.00 & 60.00 in extension.
 
Alternative scenario:
Above 66.45, look for further upside with 67.90 & 69.30 as targets.
 
Comment:
As long as the resistance at 66.45 is not surpassed, the risk of a break below 61.00 remains high.
 


Gold Intraday: Intraday support is around 2999.00.
 
Pivot:
2999.00
 
Our preference:
Long positions above 2999.00 with targets at 3062.00 & 3082.00 in extension.
 
Alternative scenario:
Below 2999.00, look for further downside, with 2972.00 and 2954.00 as potential targets.
 
Comment:
The RSI is mixed with a bullish bias.
 

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