Your Daily Trading Strategy Check-in - Deriv Broker April 11, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 11, 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.

GBP/USD Intraday: further upside.
 
Pivot:
1.3030
 
Our preference:
Long positions above 1.3030 with targets at 1.3145 & 1.3190 in extension.
 
Alternative scenario:
Below 1.3030, look for further downside with 1.2980 & 1.2930 as targets.
 
Comment:
The immediate trend remains up, and the momentum is strong.
 


USD/CHF Intraday: target 0.8000.
 
Pivot:
0.8250
 
Our preference:
Short positions below 0.8250 with targets at 0.8050 & 0.8000 in extension.
 
Alternative scenario:
Above 0.8250, look for further upside with 0.8360 & 0.8420 as targets.
 
Comment:
The immediate trend remains down, and the momentum is strong.
 


EUR/USD Intraday: intraday support is around 1.1320.
 
Pivot:
1.1320
 
Our preference:
Long positions above 1.1320 with targets at 1.1470 & 1.1520 in extension.
 
Alternative scenario:
Below 1.1320, look for further downside with 1.1250 & 1.1210 as targets.
 
Comment:
The immediate trend remains up, and the momentum is strong.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: intraday support around 4630.00.
 
Pivot:
4630.00
 
Our preference:
Long positions above 4630.00 with targets at 4890.00 & 5000.00 in extension.
 
Alternative scenario:
Below 4630.00, look for further downside with 4545.00 & 4440.00 as targets.
 
Comment:
The RSI lacks momentum.
 


Gold Intraday: towards 3275.00.
 
Pivot:
3187.00
 
Our preference:
Long positions above 3187.00 with targets at 3250.00 & 3275.00 in extension.
 
Alternative scenario:
Below 3187.00, look for further downside with 3155.00 & 3130.00 as targets.
 
Comment:
The immediate trend remains up, and the momentum is strong.
 


Dax (Eurex)‎ (M5)‎ Intraday: choppy.
 
Pivot:
20190.00
 
Our preference:
Long positions above 20190.00 with targets at 21240.00 & 21690.00 in extension.
 
Alternative scenario:
Below 20190.00, look for further downside with 19600.00 & 19260.00 as targets.
 
Comment:
The RSI is mixed.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: choppy.
 
Pivot:
7000.00
 
Our preference:
Long positions above 7000.00 with targets at 7277.00 & 7379.00 in extension.
 
Alternative scenario:
Below 7000.00, look for further downside with 6870.00 & 6750.00 as targets.
 
Comment:
The RSI lacks momentum.
 


Brent (ICE)‎ (M5)‎ Intraday: bullish bias above 62.80.
 
Pivot:
62.80
 
Our preference:
Long positions above 62.80 with targets at 65.20 & 66.00 in extension.
 
Alternative scenario:
Below 62.80, look for further downsides, with 61.45 & 60.10 as targets.
 
Comment:
A support base at 62.80 has formed, allowing temporary stabilization.
 

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