Your Daily Trading Strategy Check-in - Deriv Broker April 24, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 24, 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: key resistance at 1.3340.
 
Pivot:
1.3340
 
Our preference:
Short positions below 1.3340 with targets at 1.3240 & 1.3200 in extension.
 
Alternative scenario:
Above 1.3340, look for further upside with 1.3390 & 1.3420 as targets.
 
Comment:
As long as 1.3340 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 1.1440 is resistance, look for choppy price action with a bearish bias.
 


USD/CHF Intraday: intraday support around 0.8230.
 
Pivot:
0.8230
 
Our preference:
Long positions above 0.8230 with targets at 0.8340 & 0.8385 in extension.
 
Alternative scenario:
Below 0.8230, look for further downside with 0.8185 & 0.8140 as targets.
 
Comment:
The RSI lacks downward momentum.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: intraday support around 4959.00.
 
Pivot:
4959.00
 
Our preference:
Long positions above 4959.00 with targets at 5067.00 & 5115.00 in extension.
 
Alternative scenario:
Below 4959.00, look for further downside with 4929.00 & 4900.00 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Gold Intraday: intraday support around 3305.00.
 
Pivot:
3305.00
 
Our preference:
Long positions above 3305.00 with targets at 3348.00 & 3367.00 in extension.
 
Alternative scenario:
Below 3305.00, look for further downside with 3278.00 & 3260.00 as targets.
 
Comment:
The RSI has just landed in its neutrality area at 50% and is turning up.
 


Dax (Eurex)‎ (M5)‎ Intraday: bullish bias above 21600.00.
 
Pivot:
21600.00
 
Our preference:
Long positions above 21600.00 with targets at 22180.00 & 22390.00 in extension.
 
Alternative scenario:
Below 21600.00, look for further downside with 21460.00 & 21330.00 as targets.
 
Comment:
Investors have to remain cautious since these levels may trigger profit taking.
 


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 mixed and calls for caution.
 


Brent (ICE)‎ (M5)‎ Intraday: key resistance at 67.10.
 
Pivot:
67.10
 
Our preference:
Short positions below 67.10 with targets at 65.30 & 64.80 in extension.
 
Alternative scenario:
Above 67.10, look for further upside with 67.80 & 68.65 as targets.
 
Comment:
The upward potential is likely to be limited by the resistance at 67.10.
 

 

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