Your Daily Trading Strategy Check-in - Deriv Broker April 08, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 08, 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.

Just so you know, some of the key levels and scenarios may have already been reached because of market volatility.
 

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EUR/USD Intraday: capped by a negative trend line.
 
Pivot:
1.0960
 
Our preference:
Short positions below 1.0960 with targets at 1.0860 & 1.0810 in extension.
 
Alternative scenario:
Above 1.0960, look for further upside with 1.1000 & 1.1040 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 


GBP/USD Intraday: bullish bias above 1.2700.
 
Pivot:
1.2700
 
Our preference:
Long positions above 1.2700 with targets at 1.2795 & 1.2850 in extension.
 
Alternative scenario:
Below 1.2700, look for further downside with 1.2650 & 1.2600 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


USD/CHF Intraday: intraday support is around 0.8535.
 
Pivot:
0.8535
 
Our preference:
Long positions above 0.8535 with targets at 0.8610 & 0.8640 in extension.
 
Alternative scenario:
Below 0.8535, look for further downside with 0.8500 & 0.8450 as targets.
 
Comment:
The RSI lacks downward momentum.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: bullish bias above 4436.00.
 
Pivot:
4436.00
 
Our preference:
Long positions above 4436.00 with targets at 4745.00 & 4910.00 in extension.
 
Alternative scenario:
Below 4436.00, look for further downside with 4323.00 & 4260.00 as targets.
 
Comment:
A support base at 4436.00 has formed, allowing temporary stabilization.
 


Dax (Eurex)‎ (M5)‎ Intraday: bullish bias above 19340.00.
 
Pivot:
19340.00
 
Our preference:
Long positions above 19340.00 with targets at 20620.00 & 21270.00 in extension.
 
Alternative scenario:
Below 19340.00, look for further downside with 18980.00 & 18539.00 as targets.
 
Comment:
The RSI is around its neutrality area at 50%
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: intraday support around 6800.00.
 
Pivot:
6800.00
 
Our preference:
Long positions above 6800.00 with targets at 7127.00 & 7310.00 in extension.
 
Alternative scenario:
Below 6800.00, look for further downside with 6669.00 & 6565.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


Brent (ICE)‎ (M5)‎ Intraday: intraday support is around 63.50.
 
Pivot:
63.50
 
Our preference:
Long positions above 63.50 with targets at 65.50 & 66.70 in extension.
 
Alternative scenario:
Below 63.50, look for further downside with 62.50 & 61.00 as targets.
 
Comment:
A support base at 63.50 has formed, allowing temporary stabilization.
 


Gold Intraday: continuation of the rebound.
 
Pivot:
2978.00
 
Our preference:
Long positions above 2978.00 with targets at 3045.00 & 3067.00 in extension.
 
Alternative scenario:
Below 2978.00, look for further downside with 2954.00 & 2931.00 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 

 

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