Your Daily Trading Strategy Check-in - Deriv Broker April 15, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 15, 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: intraday support is around 1.1290.
 
Pivot:
1.1290
 
Our preference:
Long positions above 1.1290 with targets at 1.1415 & 1.1475 in extension.
 
Alternative scenario:
Below 1.1290, look for further downside with 1.1240 & 1.1190 as targets.
 
Comment:
A support base at 1.1290 has formed, allowing temporary stabilization.
 


GBP/USD Intraday: supported by a rising trend line.
 
Pivot:
1.3185
 
Our preference:
Long positions above 1.3185 with targets at 1.3250 & 1.3310 in extension.
 
Alternative scenario:
Below 1.3185, look for further downside with 1.3160 & 1.3120 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


USD/CHF Intraday: consolidation.
 
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 0.8260 & 0.8300 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: further upside.
 
Pivot:
4780.00
 
Our preference:
Long positions above 4780.00 with targets at 4935.00 & 5000.00 in extension.
 
Alternative scenario:
Below 4780.00, look for further downside with 4722.00 & 4660.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Dax (Eurex)‎ (M5)‎ Intraday: further advance.
 
Pivot:
20880.00
 
Our preference:
Long positions above 20880.00 with targets at 21670.00 & 22000.00 in extension.
 
Alternative scenario:
Below 20880.00, look for further downside with 20590.00 & 20280.00 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: the upside prevails.
 
Pivot:
7000.00
 
Our preference:
Long positions above 7000.00 with targets at 7385.00 & 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: consolidation.
 
Pivot:
65.70
 
Our preference:
Short positions below 65.70 with targets at 63.90 & 62.80 in extension.
 
Alternative scenario:
Above 65.70, look for further upside with 66.70 & 67.50 as targets.
 
Comment:
As long as 65.70 is resistance, look for choppy price action with a bearish bias.
 


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:
A support base at 3190.00 has formed, allowing temporary stabilization.
 


 

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