Your Daily Trading Strategy Check-in - Deriv Broker April 14, 2025 Newsletter

[Forum Admin]

Your Daily Trading Strategy Check-in - Deriv Broker April 14, 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 scenarios may have already been played out.
 

Click Here to Read Deriv Broker Forex Platforms Review

 
EUR/USD Intraday: bullish bias above 1.1350.
 
Pivot:
1.1350
 
Our preference:
Long positions above 1.1350 with targets at 1.1470 & 1.1520 in extension.
 
Alternative scenario:
Below 1.1350, look for further downside with 1.1280 & 1.1250 as targets.
 
Comment:
The break above 1.1350 is a positive signal that has opened a path to 1.1470.
 


GBP/USD Intraday: further upside.
 
Pivot:
1.3125
 
Our preference:
Long positions above 1.3125 with targets at 1.3200 & 1.3235 in extension.
 
Alternative scenario:
Below 1.3125, look for further downside with 1.3095 & 1.3070 as targets.
 
Comment:
The break above 1.3125 is a positive signal that has opened a path to 1.3200.
 


USD/CHF Intraday: Consolidation is in place.
 
Pivot:
0.8210
 
Our preference:
Short positions below 0.8210 with targets at 0.8095 & 0.8050 in extension.
 
Alternative scenario:
Above 0.8210, look for further upside with 0.8255 & 0.8290 as targets.
 
Comment:
As long as 0.8210 is resistance, look for choppy price action with a bearish bias.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: bullish bias above 4660.00.
 
Pivot:
4660.00
 
Our preference:
Long positions above 4660.00 with targets at 4890.00 & 5000.00 in extension.
 
Alternative scenario:
Below 4660.00, look for further downside with 4545.00 & 4440.00 as targets.
 
Comment:
The RSI is above its neutrality area at 50%.
 


Dax (Eurex)‎ (M5)‎ Intraday: bullish bias above 20190.00.
 
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 above its neutrality area at 50%.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: bullish bias above 7000.00.
 
Pivot:
7000.00
 
Our preference:
Long positions above 7000.00 with targets at 7330.00 & 7515.00 in extension.
 
Alternative scenario:
Below 7000.00, look for further downside with 6870.00 & 6750.00 as targets.
 
Comment:
The RSI is above its neutrality area at 50%.
 


Brent (ICE)‎ (M5)‎ Intraday: further advance.
 
Pivot:
64.40
 
Our preference:
Long positions above 64.40 with targets at 66.00 & 66.70 in extension.
 
Alternative scenario:
Below 64.40, look for further downside with 63.60 & 62.80 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Gold Intraday: bullish bias above 3190.00.
 
Pivot:
3190.00
 
Our preference:
Long positions above 3190.00 with targets at 3245.00 & 3285.00 in extension.
 
Alternative scenario:
Below 3190.00, look for further downside with 3155.00 & 3130.00 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 

 

Click Here to Read Deriv Broker Forex Platforms Review