Your Daily Trading Strategy Check-in - Deriv Broker April 17, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 17, 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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Due to market volatility, some key levels may have already been reached, and scenarios may have already been played out.

GBP/USD Intraday: the downside prevails.
 
Pivot:
1.3250
 
Our preference:
Short positions below 1.3250 with targets at 1.3165 & 1.3130 in extension.
 
Alternative scenario:
Above 1.3250, look for further upside with 1.3290 & 1.3325 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


EUR/USD Intraday: intraday support around 1.1340.
 
Pivot:
1.1340
 
Our preference:
Long positions above 1.1340 with targets at 1.1410 & 1.1435 in extension.
 
Alternative scenario:
Below 1.1340, look for further downside with 1.1315 & 1.1285 as targets.
 
Comment:
A support base at 1.1340 has formed, allowing temporary stabilisation.
 


USD/CHF Intraday: key resistance at 0.8200.
 
Pivot:
0.8200
 
Our preference:
Short positions below 0.8200 with targets at 0.8110 & 0.8080 in extension.
 
Alternative scenario:
Above 0.8200, look for further upside with 0.8240 & 0.8270 as targets.
 
Comment:
As long as 0.8200 is resistance, look for choppy price action with a bearish bias.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: bullish bias above 4795.00.
 
Pivot:
4795.00
 
Our preference:
Long positions above 4795.00 with targets at 4907.00 & 4972.00 in extension.
 
Alternative scenario:
Below 4795.00, look for further downside with 4735.00 & 4690.00 as targets.
 
Comment:
The RSI lacks momentum.
 


Gold Intraday: intraday support around 3312.00.
 
Pivot:
3312.00
 
Our preference:
Long positions above 3312.00 with targets at 3360.00 & 3383.00 in extension.
 
Alternative scenario:
Below 3312.00, look for further downside with 3293.00 & 3266.00 as targets.
 
Comment:
A support base at 3312.00 has formed, allowing temporary stabilisation.
 


Dax (Eurex)‎ (M5)‎ Intraday: bullish bias above 21100.00.
 
Pivot:
21100.00
 
Our preference:
Long positions above 21100.00 with targets at 21600.00 & 21810.00 in extension.
 
Alternative scenario:
Below 21100.00, look for further downside with 20935.00 & 20800.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 


CAC 40 (Euronext)‎ (J5)‎ Intraday: bullish bias above 7170.00.
 
Pivot:
7170.00
 
Our preference:
Long positions above 7170.00 with targets at 7335.00 & 7385.00 in extension.
 
Alternative scenario:
Below 7170.00, look for further downside with 7091.00 & 7000.00 as targets.
 
Comment:
The RSI has just landed on a support level of around 30% and is reversing.
 


Brent (ICE)‎ (M5)‎ Intraday: further advance.
 
Pivot:
65.70
 
Our preference:
Long positions above 65.70 with targets at 66.80 & 67.50 in extension.
 
Alternative scenario:
Below 65.70, look for further downside with 65.10 & 64.60 as targets.
 
Comment:
The break above 65.70 is a positive signal that has opened a path to 66.80.
 

 

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