Your Daily Trading Strategy Check-in - Deriv Broker March 19, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 19, 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.

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

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EUR/USD Intraday: under pressure.
 
Pivot:
1.0925
 
Our preference:
Short positions below 1.0925 with targets at 1.0865 & 1.0835 in extension.
 
Alternative scenario:
Above 1.0925, look for further upside with 1.0955 & 1.0970 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 


GBP/USD Intraday: the downside prevails.
 
Pivot:
1.2990
 
Our preference:
Short positions below 1.2990 with targets at 1.2940 & 1.2925 in extension.
 
Alternative scenario:
Above 1.2990, look for further upside with 1.3010 & 1.3020 as targets.
 
Comment:
The break below 1.2990 is a negative signal that has opened a path to 1.2940.
 


USD/CHF Intraday: rebound.
 
Pivot:
0.8765
 
Our preference:
Long positions above 0.8765 with targets at 0.8805 & 0.8815 in extension.
 
Alternative scenario:
Below 0.8765, look for further downside with 0.8750 & 0.8730 as targets.
 
Comment:
The RSI calls for a rebound.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: bullish bias above 5409.00.
 
Pivot:
5409.00
 
Our preference:
Long positions above 5409.00 with targets at 5500.00 & 5543.00 in extension.
 
Alternative scenario:
Below 5409.00, look for further downside with 5375.00 & 5349.00 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


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:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: bullish bias above 8000.00.
 
Pivot:
8000.00
 
Our preference:
Long positions above 8000.00 with targets at 8140.00 & 8210.00 in extension.
 
Alternative scenario:
Below 8000.00, look for further downside with 7948.00 & 7905.00 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Brent (ICE)‎ (K5)‎ Intraday: under pressure.
 
Pivot:
70.90
 
Our preference:
Short positions below 70.90 with targets at 69.90 & 69.50 in extension.
 
Alternative scenario:
Above 70.90, look for further upside with 71.30 & 71.60 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 


Gold Intraday: bullish bias above 3025.00.
 
Pivot:
3025.00
 
Our preference:
Long positions above 3025.00 with targets at 3045.00 & 3060.00 in extension.
 
Alternative scenario:
Below 3025.00, look for further downside with 3016.00 & 3005.00 as targets.
 
Comment:
Investors have to remain cautious since these levels may trigger profit-taking.
 

 

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