Your Daily Trading Strategy Check-in - Deriv Broker March 10, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 10, 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.

GBP/USD   EUR/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Gold   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE) 

Please note that due to market volatility, some of the key levels may have already been reached, and scenarios may have already been played out.
 

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GBP/USD Intraday: intraday support is around 1.2865.
 
Pivot:
1.2865
 
Our preference:
Long positions above 1.2865 with targets at 1.2945 & 1.2960 in extension.
 
Alternative scenario:
Below 1.2865, look for further downside with 1.2820 & 1.2800 as targets.
 
Comment:
A support base at 1.2865 has formed, allowing temporary stabilization.
 


EUR/USD Intraday: bullish bias above 1.0800.
 
Pivot:
1.0800
 
Our preference:
Long positions above 1.0800 with targets at 1.0885 & 1.0910 in extension.
 
Alternative scenario:
Below 1.0800, look for further downsides with targets of 1.0765 & 1.0720.
 
Comment:
The RSI is bullish and calls for further upside.
 


USD/CHF Intraday: consolidation.
 
Pivot:
0.8805
 
Our preference:
Short positions below 0.8805 with targets at 0.8750 & 0.8730 in extension.
 
Alternative scenario:
Above 0.8805, look for further upside with 0.8825 & 0.8845 as targets.
 
Comment:
As long as 0.8805 is resistance, look for choppy price action with a bearish bias.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: under pressure.
 
Pivot:
5544.00
 
Our preference:
Short positions below 5544.00 with targets at 5413.00 & 5374.00 in extension.
 
Alternative scenario:
Above 5544.00, look for further upside with 5575.00 & 5613.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 


Gold Intraday: intraday support around 2892.00.
 
Pivot:
2892.00
 
Our preference:
Long positions above 2892.00 with targets at 2930.00 & 2938.00 in extension.
 
Alternative scenario:
Below 2892.00, look for further downside with 2882.00 & 2870.00 as targets.
 
Comment:
A support base at 2892.00 has formed, allowing temporary stabilization.
 


Dax (Eurex)‎ (H5)‎ Intraday: under pressure.
 
Pivot:
23340.00
 
Our preference:
Short positions below 23340.00 with targets at 22760.00 & 22440.00 in extension.
 
Alternative scenario:
Above 23340.00, look for further upside with 23505.00 & 23650.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: under pressure.
 
Pivot:
8240.00
 
Our preference:
Short positions below 8240.00 with targets at 8070.00 & 8010.00 in extension.
 
Alternative scenario:
Above 8240.00, look for further upside with 8315.00 & 8360.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 


Brent (ICE)‎ (K5)‎ Intraday: under pressure.
 
Pivot:
70.60
 
Our preference:
Short positions below 70.60 with targets at 69.85 & 69.40 in extension.
 
Alternative scenario:
Above 70.60, look for further upside with 71.00 & 71.40 as targets.
 
Comment:
As long as the resistance at 70.60 is not surpassed, the risk of a break below 69.85 remains high.
 

 

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