Your Daily Trading Strategy Check-in - Deriv Broker March 18, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 18, 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.

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

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Due to market volatility, some key levels may have already been reached, and scenarios may have already been played out. And scenarios may have already been reached

EUR/USD Intraday: bullish bias above 1.0915.
 
Pivot:
1.0915
 
Our preference:
Long positions above 1.0915 with targets at 1.0970 & 1.1000 in extension.
 
Alternative scenario:
Below 1.0915, look for further downsides with targets of 1.0900 & 1.0885.
 
Comment:
The RSI is bullish and calls for further upside.
 


GBP/USD Intraday: intraday support is around 1.2965.
 
Pivot:
1.2965
 
Our preference:
Long positions above 1.2965 with targets at 1.3005 & 1.3020 in extension.
 
Alternative scenario:
Below 1.2965, look for further downside with 1.2940 & 1.2925 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


USD/CHF Intraday: the downside prevails.
 
Pivot:
0.8815
 
Our preference:
Short positions below 0.8815 with targets at 0.8770 & 0.8755 in extension.
 
Alternative scenario:
Above 0.8815, look for further upside with 0.8835 & 0.8845 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: the upside prevails.
 
Pivot:
5409.00
 
Our preference:
Long positions above 5409.00 with targets at 5491.00 & 5530.00 in extension.
 
Alternative scenario:
Below 5409.00, look for further downside with 5375.00 & 5349.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Dax (Eurex)‎ (H5)‎ Intraday: watch 23492.00.
 
Pivot:
22930.00
 
Our preference:
Long positions above 22930.00 with targets at 23492.00 & 23730.00 in extension.
 
Alternative scenario:
Below 22930.00, look for further downside with 22760.00 & 22540.00 as targets.
 
Comment:
Investors have to remain cautious since these levels may trigger profit-taking.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: bullish bias above 8005.00.
 
Pivot:
8005.00
 
Our preference:
Long positions above 8005.00 with targets at 8160.00 & 8210.00 in extension.
 
Alternative scenario:
Below 8005.00, look for further downside with 7948.00 & 7905.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Brent (ICE)‎ (K5)‎ Intraday: further advance.
 
Pivot:
71.40
 
Our preference:
Long positions above 71.40 with targets at 72.35 & 72.90 in extension.
 
Alternative scenario:
Below 71.40, look for further downside with 70.80 & 70.50 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


Gold Intraday: bullish bias above 3005.00.
 
Pivot:
3005.00
 
Our preference:
Long positions above 3005.00 with targets at 3030.00 & 3045.00 in extension.
 
Alternative scenario:
Below 3005.00, look for further downside with 2987.00 & 2978.00 as targets.
 
Comment:
The break above 3005.00 is a positive signal that has opened a path to 3030.00.
 

 

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