Your Daily Trading Strategy Check-in - Deriv Broker April 22, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 22, 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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GBP/USD Intraday: intraday support around 1.3360.
 
Pivot:
1.3360
 
Our preference:
Long positions above 1.3360 with targets at 1.3420 & 1.3460 in extension.
 
Alternative scenario:
Below 1.3360, look for further downside with 1.3330 & 1.3290 as targets.
 
Comment:
A support base at 1.3360 has formed, allowing temporary stabilisation.
 


EUR/USD Intraday: intraday support around 1.1480.
 
Pivot:
1.1480
 
Our preference:
Long positions above 1.1480 with targets at 1.1570 & 1.1600 in extension.
 
Alternative scenario:
Below 1.1480, look for further downside with 1.1445 & 1.1400 as targets.
 
Comment:
The RSI lacks momentum.
 


USD/CHF Intraday: key resistance at 0.8130.
 
Pivot:
0.8130
 
Our preference:
Short positions below 0.8130 with targets at 0.8060 & 0.8040 in extension.
 
Alternative scenario:
Above 0.8130, look for further upside with 0.8170 & 0.8200 as targets.
 
Comment:
The RSI lacks momentum.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: key resistance at 4918.00.
 
Pivot:
4918.00
 
Our preference:
Short positions below 4918.00 with targets at 4810.00 & 4785.00 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.
 


Gold Intraday: bullish bias above 3430.00.
 
Pivot:
3430.00
 
Our preference:
Long positions above 3430.00 with targets at 3500.00 & 3529.00 in extension.
 
Alternative scenario:
Below 3430.00, look for further downside with 3395.00 & 3370.00 as targets.
 
Comment:
Investors have to remain cautious since these levels may trigger profit taking.
 


Dax (Eurex)‎ (M5)‎ Intraday: consolidation in place.
 
Pivot:
21490.00
 
Our preference:
Short positions below 21490.00 with targets at 21175.00 & 21100.00 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)‎ (K5)‎ Intraday: consolidation in place.
 
Pivot:
7265.00
 
Our preference:
Short positions below 7265.00 with targets at 7140.00 & 7085.00 in extension.
 
Alternative scenario:
Above 7265.00, look for further upside with 7311.00 & 7355.00 as targets.
 
Comment:
The RSI lacks momentum.
 


Brent (ICE)‎ (M5)‎ Intraday: limited upside.
 
Pivot:
66.30
 
Our preference:
Long positions above 66.30 with targets at 67.50 & 68.10 in extension.
 
Alternative scenario:
Below 66.30, look for further downside with 65.80 & 65.30 as targets.
 
Comment:
The RSI has just landed in its neutrality area at 50% and is turning up.
 


 

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