Your Daily Trading Strategy Check-in - Deriv Broker April 10, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 10, 2025 Newsletter

 

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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.

Please note that due to market volatility, some of the key levels and scenarios may have already been reached.

EUR/USD Intraday: further upside.
 
Pivot:
1.1015
 
Our preference:
Long positions above 1.1015 with targets at 1.1090 & 1.1145 in extension.
 
Alternative scenario:
Below 1.1015, look for further downside with 1.0985 & 1.0945 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


GBP/USD Intraday: continuation of the rebound.
 
Pivot:
1.2860
 
Our preference:
Long positions above 1.2860 with targets at 1.2985 & 1.3045 in extension.
 
Alternative scenario:
Below 1.2860, look for further downside with 1.2810 & 1.2785 as targets.
 
Comment:
The break above the resistance at 1.2860 triggered an upward acceleration to 1.2985.
 


USD/CHF Intraday: the downside prevails.
 
Pivot:
0.8470
 
Our preference:
Short positions below 0.8470 with targets at 0.8360 & 0.8300 in extension.
 
Alternative scenario:
Above 0.8470, look for further upside with 0.8515 & 0.8580 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: intraday support around 4760.00.
 
Pivot:
4760.00
 
Our preference:
Long positions above 4760.00 with targets at 5040.00 & 5160.00 in extension.
 
Alternative scenario:
Below 4760.00, look for further downside with 4636.00 & 4480.00 as targets.
 
Comment:
The RSI is mixed.
 


Dax (Eurex)‎ (M5)‎ Intraday: intraday support around 20490.00.
 
Pivot:
20490.00
 
Our preference:
Long positions above 20490.00 with targets at 21570.00 & 22100.00 in extension.
 
Alternative scenario:
Below 20490.00, look for further downside with 20025.00 & 19460.00 as targets.
 
Comment:
The RSI is mixed.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: choppy.
 
Pivot:
7040.00
 
Our preference:
Long positions above 7040.00 with targets at 7460.00 & 7615.00 in extension.
 
Alternative scenario:
Below 7040.00, look for further downside with 6870.00 & 6750.00 as targets.
 
Comment:
The RSI is mixed.
 


Brent (ICE)‎ (M5)‎ Intraday: under pressure.
 
Pivot:
65.25
 
Our preference:
Short positions below 65.25 with targets at 61.50 & 60.10 in extension.
 
Alternative scenario:
Above 65.25, look for further upside with 66.00 & 67.40 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


Gold Intraday: intraday support around 3078.00.
 
Pivot:
3078.00
 
Our preference:
Long positions above 3078.00 with targets at 3167.00 & 3185.00 in extension.
 
Alternative scenario:
Below 3078.00, look for further downside with 3048.00 & 3018.00 as targets.
 
Comment:
The break above 3078.00 is a positive signal that has opened a path to 3167.00.
 

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