Your Daily Trading Strategy Check-in - Deriv Broker March 13, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 13, 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   EUR/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Gold   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE) 

Just so you know, some of the key levels and scenarios may have already been reached because of market volatility.

GBP/USD Intraday: key resistance at 1.2955.
 
Pivot:
1.2955
 
Our preference:
Short positions below 1.2955 with targets at 1.2915 & 1.2890 in extension.
 
Alternative scenario:
Above 1.2955, look for further upside with 1.2985 & 1.3005 as targets.
 
Comment:
If the resistance at 1.2955 is not surpassed, the risk of a break below 1.2915 remains high.
 


EUR/USD Intraday: continuation of the rebound.
 
Pivot:
1.0860
 
Our preference:
Long positions above 1.0860 with targets at 1.0925 & 1.0945 in extension.
 
Alternative scenario:
Below 1.0860, look for further downside with 1.0835 & 1.0820 as targets.
 
Comment:
The break above the resistance at 1.0860 triggered an upward acceleration to 1.0925.
 


USD/CHF Intraday: intraday support is around 0.8815.
 
Pivot:
0.8815
 
Our preference:
Long positions above 0.8815 with targets at 0.8865 & 0.8880 in extension.
 
Alternative scenario:
Below 0.8815, look for further downside with 0.8800 & 0.8785 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: continuation of the rebound.
 
Pivot:
5300.00
 
Our preference:
Long positions above 5300.00 with targets at 5386.00 & 5410.00 in extension.
 
Alternative scenario:
Below 5300.00, look for further downside with 5284.00 & 5255.00 as targets.
 
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.
 


Gold Intraday: further upside.
 
Pivot:
2981.00
 
Our preference:
Long positions above 2981.00 with targets at 3003.00 & 3013.00 in extension.
 
Alternative scenario:
Below 2981.00, look for further downside with 2969.00 & 2960.00 as targets.
 
Comment:
The RSI is mixed to bullish.
 


Dax (Eurex)‎ (H5)‎ Intraday: intraday support around 22445.00.
 
Pivot:
22445.00
 
Our preference:
Long positions above 22445.00 with targets at 22760.00 & 22920.00 in extension.
 
Alternative scenario:
Below 22445.00, look for further downside with 22260.00 & 22110.00 as targets.
 
Comment:
A support base at 22445.00 has formed, allowing temporary stabilization.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: intraday support around 7895.00.
 
Pivot:
7895.00
 
Our preference:
Long positions above 7895.00 with targets at 8030.00 & 8070.00 in extension.
 
Alternative scenario:
Below 7895.00, look for further downside with 7829.00 & 7789.00 as targets.
 
Comment:
The RSI has just landed on a support of around 30% and is reversing up.
 


Brent (ICE)‎ (K5)‎ Intraday: continuation of the rebound.
 
Pivot:
70.25
 
Our preference:
Long positions above 70.25 with targets at 71.25 & 71.65 in extension.
 
Alternative scenario:
Below 70.25, look for further downsides, with 70.00 & 69.65 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 

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