Your Daily Trading Strategy Check-in - Deriv Broker April 23, 2025 Newsletter

[Forum Admin]

Your Daily Trading Strategy Check-in - Deriv Broker April 23, 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.
 

  Click Here to Read Deriv Broker Forex Platforms Review

 
GBP/USD Intraday: choppy.
 
Pivot:
1.3355
 
Our preference:
Short positions below 1.3355 with targets at 1.3240 & 1.3200 in extension.
 
Alternative scenario:
Above 1.3355, look for further upside with 1.3390 & 1.3420 as targets.
 
Comment:
As long as 1.3355 is resistance, look for choppy price action with a bearish bias.
 


EUR/USD Intraday: key resistance at 1.1440.
 
Pivot:
1.1440
 
Our preference:
Short positions below 1.1440 with targets at 1.1315 & 1.1265 in extension.
 
Alternative scenario:
Above 1.1440, look for further upside with 1.1490 & 1.1545 as targets.
 
Comment:
As long as the resistance at 1.1440 is not surpassed, the risk of the break below 1.1315 remains high.
 


USD/CHF Intraday: bullish bias above 0.8170.
 
Pivot:
0.8170
 
Our preference:
Long positions above 0.8170 with targets at 0.8255 & 0.8280 in extension.
 
Alternative scenario:
Below 0.8170, look for further downside with 0.8140 & 0.8100 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: bullish bias above 4959.00.
 
Pivot:
4959.00
 
Our preference:
Long positions above 4959.00 with targets at 5039.00 & 5065.00 in extension.
 
Alternative scenario:
Below 4959.00, look for further downside with 4929.00 & 4900.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Gold Intraday: under pressure.
 
Pivot:
3387.00
 
Our preference:
Short positions below 3387.00 with targets at 3285.00 & 3240.00 in extension.
 
Alternative scenario:
Above 3387.00, look for further upside with 3430.00 & 3465.00 as targets.
 
Comment:
A break below 3285.00 would trigger a drop towards 3240.00.
 


Dax (Eurex)‎ (M5)‎ Intraday: bullish bias above 21600.00.
 
Pivot:
21600.00
 
Our preference:
Long positions above 21600.00 with targets at 22110.00 & 22260.00 in extension.
 
Alternative scenario:
Below 21600.00, look for further downside with 21460.00 & 21330.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: bullish bias above 7270.00.
 
Pivot:
7270.00
 
Our preference:
Long positions above 7270.00 with targets at 7445.00 & 7500.00 in extension.
 
Alternative scenario:
Below 7270.00, look for further downside with 7205.00 & 7140.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Brent (ICE)‎ (M5)‎ Intraday: expect 69.65.
 
Pivot:
67.65
 
Our preference:
Long positions above 67.65 with targets at 69.20 & 69.65 in extension.
 
Alternative scenario:
Below 67.65, look for further downside with 67.20 & 66.45 as targets.
 
Comment:
The RSI shows upside momentum.
 

  Click Here to Read Deriv Broker Forex Platforms Review