Your Daily Trading Strategy Check-in - Deriv Broker April 28, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 28, 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: consolidation.
 
Pivot:
1.1390
 
Our preference:
Short positions below 1.1390 with targets at 1.1310 & 1.1280 in extension.
 
Alternative scenario:
Above 1.1390, look for further upside with 1.1415 & 1.1440 as targets.
 
Comment:
As long as 1.1390 is resistance, look for choppy price action with a bearish bias.
 


GBP/USD Intraday: bullish bias above 1.3310.
 
Pivot:
1.3310
 
Our preference:
Long positions above 1.3310 with targets at 1.3355 & 1.3380 in extension.
 
Alternative scenario:
Below 1.3310, look for further downside with 1.3270 & 1.3245 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


USD/CHF Intraday: intraday support around 0.8265.
 
Pivot:
0.8265
 
Our preference:
Long positions above 0.8265 with targets at 0.8335 & 0.8355 in extension.
 
Alternative scenario:
Below 0.8265, look for further downside with 0.8240 & 0.8215 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: key resistance at 5145.00.
 
Pivot:
5145.00
 
Our preference:
Short positions below 5145.00 with targets at 5100.00 & 5078.00 in extension.
 
Alternative scenario:
Above 5145.00, look for further upside with 5185.00 & 5223.00 as targets.
 
Comment:
The index currently faces a challenging resistance area at 5145.00.
 


Dax (Eurex)‎ (M5)‎ Intraday: key resistance at 22530.00.
 
Pivot:
22530.00
 
Our preference:
Short positions below 22530.00 with targets at 22290.00 & 22170.00 in extension.
 
Alternative scenario:
Above 22530.00, look for further upside with 22690.00 & 22800.00 as targets.
 
Comment:
The index currently faces a challenging resistance area at 22530.00.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: consolidation in place.
 
Pivot:
7570.00
 
Our preference:
Short positions below 7570.00 with targets at 7450.00 & 7385.00 in extension.
 
Alternative scenario:
Above 7570.00, look for further upside with 7639.00 & 7700.00 as targets.
 
Comment:
The RSI lacks upward momentum.
 


Brent (ICE)‎ (N5)‎ Intraday: intraday support around 65.35.
 
Pivot:
65.35
 
Our preference:
Long positions above 65.35 with targets at 66.50 & 67.00 in extension.
 
Alternative scenario:
Below 65.35, look for further downside with 65.00 & 64.65 as targets.
 
Comment:
The RSI lacks downward momentum.
 


Gold Intraday: under pressure.
 
Pivot:
3316.00
 
Our preference:
Short positions below 3316.00 with targets at 3264.00 & 3246.00 in extension.
 
Alternative scenario:
Above 3316.00, look for further upside with 3330.00 & 3347.00 as targets.
 
Comment:
As long as the resistance at 3316.00 is not surpassed, the risk of the break below 3264.00 remains high.
 

 

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