Your Daily Trading Strategy Check-in - Deriv Broker March 17, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 17, 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, because of market volatility, some of the key levels and scenarios may have already been reached.

GBP/USD Intraday: further advance.
 
Pivot:
1.2945
 
Our preference:
Long positions above 1.2945 with targets at 1.2980 & 1.3000 in extension.
 
Alternative scenario:
Below 1.2945, look for further downside with 1.2925 & 1.2910 as targets.
 
Comment:
The break above 1.2945 is a positive signal that has opened a path to 1.2980.
 


EUR/USD Intraday: further advance.
 
Pivot:
1.0885
 
Our preference:
Long positions above 1.0885 with targets at 1.0925 & 1.0945 in extension.
 
Alternative scenario:
Below 1.0885, look for further downside with 1.0865 & 1.0850 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


USD/CHF Intraday: the downside prevails.
 
Pivot:
0.8845
 
Our preference:
Short positions below 0.8845 with targets at 0.8815 & 0.8800 in extension.
 
Alternative scenario:
Above 0.8845, look for further upside with 0.8860 & 0.8880 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: bullish bias above 5349.00.
 
Pivot:
5349.00
 
Our preference:
Long positions above 5349.00 with targets at 5430.00 & 5473.00 in extension.
 
Alternative scenario:
Below 5349.00, look for further downside with 5328.00 & 5300.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 


Gold Intraday: intraday support around 2980.00.
 
Pivot:
2980.00
 
Our preference:
Long positions above 2980.00 with targets at 3005.00 & 3013.00 in extension.
 
Alternative scenario:
Below 2980.00, look for further downside with 2970.00 & 2960.00 as targets.
 
Comment:
A support base at 2980.00 has formed, allowing temporary stabilization.
 


Dax (Eurex)‎ (H5)‎ Intraday: the upside prevails.
 
Pivot:
22700.00
 
Our preference:
Long positions above 22700.00 with targets at 23100.00 & 23310.00 in extension.
 
Alternative scenario:
Below 22700.00, look for further downside with 22555.00 & 22420.00 as targets.
 
Comment:
The immediate trend remains up, but the momentum is weak.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: bullish bias above 7905.00.
 
Pivot:
7905.00
 
Our preference:
Long positions above 7905.00 with targets at 8080.00 & 8130.00 in extension.
 
Alternative scenario:
Below 7905.00, look for further downside with 7840.00 & 7789.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 


Brent (ICE)‎ (K5)‎ Intraday: further advance.
 
Pivot:
70.90
 
Our preference:
Long positions above 70.90 with targets at 71.80 & 72.35 in extension.
 
Alternative scenario:
Below 70.90, look for further downside with 70.50 & 70.05 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 

 

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