Your Daily Trading Strategy Check-in - Deriv Broker April 21, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 21, 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: the upside prevails.
 
Pivot:
1.1485
 
Our preference:
Long positions above 1.1485 with targets at 1.1560 & 1.1600 in extension.
 
Alternative scenario:
Below 1.1485, look for further downside with 1.1450 & 1.1420 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


GBP/USD Intraday: bullish bias above 1.3345.
 
Pivot:
1.3345
 
Our preference:
Long positions above 1.3345 with targets at 1.3420 & 1.3460 in extension.
 
Alternative scenario:
Below 1.3345, look for further downside with 1.3315 & 1.3290 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


USD/CHF Intraday: The downside prevails.
 
Pivot:
0.8130
 
Our preference:
Short positions below 0.8130 with targets at 0.8030 & 0.7990 in extension.
 
Alternative scenario:
Above 0.8130, look for further upside with 0.8170 & 0.8200 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: key resistance at 4918.00.
 
Pivot:
4918.00
 
Our preference:
Short positions below 4918.00 with targets at 4844.00 & 4813.00 in extension.
 
Alternative scenario:
Above 4918.00, look for further upside with 4946.00 & 4972.00 as targets.
 
Comment:
If 4918.00 is resistance, look for choppy price action with a bearish bias.
 


Dax (Eurex)‎ (M5)‎ Intraday: consolidation in place.
 
Pivot:
21490.00
 
Our preference:
Short positions below 21490.00 with targets at 21230.00 & 21110.00 in extension.
 
Alternative scenario:
Above 21490.00, look for further upside with 21600.00 & 21810.00 as targets.
 
Comment:
The RSI lacks momentum.
 


CAC 40 (Euronext)‎ (J5)‎ Intraday: consolidation in place.
 
Pivot:
7350.00
 
Our preference:
Short positions below 7350.00 with targets at 7200.00 & 7140.00 in extension.
 
Alternative scenario:
Above 7350.00, look for further upside with 7418.00 & 7510.00 as targets.
 
Comment:
The RSI lacks momentum.
 


Brent (ICE)‎ (M5)‎ Intraday: under pressure.
 
Pivot:
67.55
 
Our preference:
Short positions below 67.55 with targets at 65.60 & 64.80 in extension.
 
Alternative scenario:
Above 67.55, look for further upside with 68.10 & 68.80 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


Gold Intraday: further upside.
 
Pivot:
3351.00
 
Our preference:
Long positions above 3351.00 with targets at 3419.00 & 3447.00 in extension.
 
Alternative scenario:
Below 3351.00, look for further downside with 3334.00 & 3284.00 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 

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