Your Daily Trading Strategy Check-in - Deriv Broker April 30, 2025 Newsletter [Image:

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Your Daily Trading Strategy Check-in - Deriv Broker April 30, 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: under pressure.
 
Pivot:
1.3410
 
Our preference:
Short positions below 1.3410 with targets at 1.3330 & 1.3290 in extension.
 
Alternative scenario:
Above 1.3410, look for further upside with 1.3445 & 1.3470 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


EUR/USD Intraday: under pressure.
 
Pivot:
1.1405
 
Our preference:
Short positions below 1.1405 with targets at 1.1345 & 1.1325 in extension.
 
Alternative scenario:
Above 1.1405, look for further upside with 1.1425 & 1.1440 as targets.
 
Comment:
As long as 1.1405 is resistance, look for choppy price action with a bearish bias.
 


USD/CHF Intraday: key resistance at 0.8260.
 
Pivot:
0.8260
 
Our preference:
Short positions below 0.8260 with targets at 0.8215 & 0.8195 in extension.
 
Alternative scenario:
Above 0.8260, look for further upside with 0.8285 & 0.8315 as targets.
 
Comment:
As long as the resistance at 0.8260 is not surpassed, the risk of the break below 0.8215 remains high.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: range.
 
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%
 


Gold Intraday: the downside prevails.
 
Pivot:
3303.00
 
Our preference:
Short positions below 3303.00 with targets at 3264.00 & 3243.00 in extension.
 
Alternative scenario:
Above 3303.00, look for further upside with 3330.00 & 3340.00 as targets.
 
Comment:
The break below 3303.00 is a negative signal that has opened a path to 3264.00.
 


Dax (Eurex)‎ (M5)‎ Intraday: bullish bias above 22495.00.
 
Pivot:
22495.00
 
Our preference:
Long positions above 22495.00 with targets at 22760.00 & 22880.00 in extension.
 
Alternative scenario:
Below 22495.00, look for further downside with 22415.00 & 22350.00 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: range.
 
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:
Intraday technical indicators are mixed.
 


Brent (ICE)‎ (N5)‎ Intraday: the downside prevails.
 
Pivot:
63.30
 
Our preference:
Short positions below 63.30 with targets at 61.80 & 61.00 in extension.
 
Alternative scenario:
Above 63.30, look for further upside with 63.85 & 64.30 as targets.
 
Comment:
The break below 63.30 is a negative signal that has opened a path to 61.80.
 

 

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