Your Daily Trading Strategy Check-in - Deriv Broker March 20, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 20, 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.

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

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GBP/USD Intraday: under pressure.
 
Pivot:
1.3010
 
Our preference:
Short positions below 1.3010 with targets at 1.2930 & 1.2900 in extension.
 
Alternative scenario:
Above 1.3010, look for further upside with 1.3032 & 1.3065 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


EUR/USD Intraday: under pressure.
 
Pivot:
1.0915
 
Our preference:
Short positions below 1.0915 with targets at 1.0825 & 1.0800 in extension.
 
Alternative scenario:
Above 1.0915, look for further upside with 1.0940 & 1.0954 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 


USD/CHF Intraday: continuation of the rebound.
 
Pivot:
0.8780
 
Our preference:
Long positions above 0.8780 with targets at 0.8850 & 0.8870 in extension.
 
Alternative scenario:
Below 0.8780, look for further downside with 0.8760 & 0.8750 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: intraday support around 5440.00.
 
Pivot:
5440.00
 
Our preference:
Long positions above 5440.00 with targets at 5525.00 & 5569.00 in extension.
 
Alternative scenario:
Below 5440.00, look for further downside with 5409.00 & 5382.00 as targets.
 
Comment:
Investors have to remain cautious since these levels may trigger profit-taking.
 


Gold Intraday: the bias remains bullish.
 
Pivot:
3025.00
 
Our preference:
Long positions above 3025.00 with targets at 3057.00 & 3068.00 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.
 


Dax (Eurex)‎ (H5)‎ Intraday: consolidation in place.
 
Pivot:
23375.00
 
Our preference:
Short positions below 23375.00 with targets at 23000.00 & 22870.00 in extension.
 
Alternative scenario:
Above 23375.00, look for further upside with 23492.00 & 23730.00 as targets.
 
Comment:
The RSI has just struck against its neutrality area at 50%.
 


Cac 40 (Euronext)‎ (H5)‎ Intraday: bullish bias above 8065.00.
 
Pivot:
8065.00
 
Our preference:
Long positions above 8065.00 with targets at 8200.00 & 8260.00 in extension.
 
Alternative scenario:
Below 8065.00, look for further downside with 8007.00 & 7971.00 as targets.
 
Comment:
Investors have to remain cautious since these levels may trigger profit-taking.
 


Brent (ICE)‎ (K5)‎ Intraday: the bias remains bullish.
 
Pivot:
70.50
 
Our preference:
Long positions above 70.50 with targets at 71.70 & 72.20 in extension.
 
Alternative scenario:
Below 70.50, look for further downside with 69.90 & 69.50 as targets.
 
Comment:
The RSI is above its neutrality area at 50%.
 

 

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