Your Daily Trading Strategy Check-in - Deriv Broker April 29, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 29, 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 in place.
 
Pivot:
1.1405
 
Our preference:
Short positions below 1.1405 with targets at 1.1340 & 1.1310 in extension.
 
Alternative scenario:
Above 1.1405, look for further upside with 1.1425 & 1.1450 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


GBP/USD Intraday: under pressure.
 
Pivot:
1.3425
 
Our preference:
Short positions below 1.3425 with targets at 1.3355 & 1.3330 in extension.
 
Alternative scenario:
Above 1.3425, look for further upside with 1.3470 & 1.3500 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


USD/CHF Intraday: continuation of the rebound.
 
Pivot:
0.8220
 
Our preference:
Long positions above 0.8220 with targets at 0.8315 & 0.8335 in extension.
 
Alternative scenario:
Below 0.8220, look for further downside with 0.8195 & 0.8155 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: consolidation.
 
Pivot:
5149.00
 
Our preference:
Short positions below 5149.00 with targets at 5100.00 & 5078.00 in extension.
 
Alternative scenario:
Above 5149.00, look for further upside with 5185.00 & 5223.00 as targets.
 
Comment:
The RSI is around its neutrality area at 50%
 


Dax (Eurex)‎ (M5)‎ Intraday: bullish bias above 22390.00.
 
Pivot:
22390.00
 
Our preference:
Long positions above 22390.00 with targets at 22690.00 & 22800.00 in extension.
 
Alternative scenario:
Below 22390.00, look for further downside with 22315.00 & 22190.00 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: consolidation.
 
Pivot:
7570.00
 
Our preference:
Short positions below 7570.00 with targets at 7470.00 & 7421.00 in extension.
 
Alternative scenario:
Above 7570.00, look for further upside with 7639.00 & 7700.00 as targets.
 
Comment:
The RSI lacks momentum.
 


Brent (ICE)‎ (N5)‎ Intraday: the downside prevails.
 
Pivot:
64.30
 
Our preference:
Short positions below 64.30 with targets at 63.00 & 62.30 in extension.
 
Alternative scenario:
Above 64.30, look for further upside with 64.85 & 65.35 as targets.
 
Comment:
The break below 64.30 is a negative signal that has opened a path to 63.00.
 


Gold Intraday: bullish bias above 3300.00.
 
Pivot:
3300.00
 
Our preference:
Long positions above 3300.00 with targets at 3340.00 & 3353.00 in extension.
 
Alternative scenario:
Below 3300.00, look for further downside with 3284.00 & 3264.00 as targets.
 
Comment:
A support base of 3300.00 has been formed, allowing temporary stabilisation.
 

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