Your Daily Trading Strategy Check-in - Deriv Broker April 16, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 16, 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.
 

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EUR/USD Intraday: further advance.
 
Pivot:
1.1310
 
Our preference:
Long positions above 1.1310 with targets at 1.1420 & 1.1475 in extension.
 
Alternative scenario:
Below 1.1310, look for further downside with 1.1265 & 1.1240 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


GBP/USD Intraday: further advance.
 
Pivot:
1.3240
 
Our preference:
Long positions above 1.3240 with targets at 1.3290 & 1.3325 in extension.
 
Alternative scenario:
Below 1.3240, look for further downside with 1.3200 & 1.3185 as targets.
 
Comment:
The break above 1.3240 is a positive signal that has opened a path to 1.3290.
 


USD/CHF Intraday: consolidation.
 
Pivot:
0.8230
 
Our preference:
Short positions below 0.8230 with targets at 0.8130 & 0.8095 in extension.
 
Alternative scenario:
Above 0.8230, look for further upside with 0.8270 & 0.8300 as targets.
 
Comment:
As long as 0.8230 is resistance, look for choppy price action with a bearish bias.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: consolidation in place.
 
Pivot:
4910.00
 
Our preference:
Short positions below 4910.00 with targets at 4825.00 & 4783.00 in extension.
 
Alternative scenario:
Above 4910.00, look for further upside with 4955.00 & 5000.00 as targets.
 
Comment:
The RSI is mixed.
 


Dax (Eurex)‎ (M5)‎ Intraday: consolidation in place.
 
Pivot:
21470.00
 
Our preference:
Short positions below 21470.00 with targets at 21116.00 & 20960.00 in extension.
 
Alternative scenario:
Above 21470.00, look for further upside with 21670.00 & 21810.00 as targets.
 
Comment:
As long as 21470.00 is resistance, look for choppy price action with a bearish bias.
 


CAC 40 (Euronext)‎ (J5)‎ Intraday: consolidation in place.
 
Pivot:
7380.00
 
Our preference:
Short positions below 7380.00 with targets at 7160.00 & 7070.00 in extension.
 
Alternative scenario:
Above 7380.00, look for further upside with 7455.00 & 7515.00 as targets.
 
Comment:
If 7380.00 is resistance, look for choppy price action with a bearish bias.
 


Brent (ICE)‎ (M5)‎ Intraday: further advance.
 
Pivot:
64.25
 
Our preference:
Long positions above 64.25 with targets at 65.90 & 66.80 in extension.
 
Alternative scenario:
Below 64.25, look for further downside with 63.80 & 62.80 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


Gold Intraday: further advance.
 
Pivot:
3270.00
 
Our preference:
Long positions above 3270.00 with targets at 3325.00 & 3350.00 in extension.
 
Alternative scenario:
Below 3270.00, look for further downside with 3245.00 & 3225.00 as targets.
 
Comment:
The immediate trend remains up, and the momentum is strong.
 

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