Your Daily Trading Strategy Check-in - Deriv Broker March 21, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 21, 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: consolidation in place.
 
Pivot:
1.2970
 
Our preference:
Short positions below 1.2970 with targets at 1.2910 & 1.2890 in extension.
 
Alternative scenario:
Above 1.2970, look for further upside with 1.2990 & 1.3010 as targets.
 
Comment:
As long as 1.2970 is resistance, look for choppy price action with a bearish bias.
 


EUR/USD Intraday: consolidation in place.
 
Pivot:
1.0865
 
Our preference:
Short positions below 1.0865 with targets at 1.0800 & 1.0780 in extension.
 
Alternative scenario:
Above 1.0865, look for further upside with 1.0895 & 1.0915 as targets.
 
Comment:
As long as 1.0865 is resistance, look for choppy price action with a bearish bias.
 


USD/CHF Intraday: intraday support is around 0.8805.
 
Pivot:
0.8805
 
Our preference:
Long positions above 0.8805 with targets at 0.8840 & 0.8860 in extension.
 
Alternative scenario:
Below 0.8805, look for further downside with 0.8775 & 0.8755 as targets.
 
Comment:
A support base at 0.8805 has formed, allowing temporary stabilization.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: the downside prevails.
 
Pivot:
5400.00
 
Our preference:
Short positions below 5400.00 with targets at 5330.00 & 5295.00 in extension.
 
Alternative scenario:
Above 5400.00, look for further upside with 5423.00 & 5440.00 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 


Gold Intraday: under pressure.
 
Pivot:
3039.00
 
Our preference:
Short positions below 3039.00 with targets at 3018.00 & 3006.00 in extension.
 
Alternative scenario:
Above 3039.00, look for further upside with 3047.00 & 3057.00 as targets.
 
Comment:
As long as 3039.00 is resistance, look for choppy price action with a bearish bias.
 


Dax (Eurex)‎ (M5)‎ Intraday: under pressure.
 
Pivot:
23320.00
 
Our preference:
Short positions below 23320.00 with targets at 22890.00 & 22720.00 in extension.
 
Alternative scenario:
Above 23320.00, look for further upside with 23450.00 & 23600.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: under pressure.
 
Pivot:
8130.00
 
Our preference:
Short positions below 8130.00 with targets at 8020.00 & 7971.00 in extension.
 
Alternative scenario:
Above 8130.00, look for further upside with 8170.00 & 8200.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 


Brent (ICE)‎ (K5)‎ Intraday: consolidation in place.
 
Pivot:
72.15
 
Our preference:
Short positions below 72.15 with targets at 71.15 & 70.70 in extension.
 
Alternative scenario:
Above 72.15, look for further upside with 72.50 & 72.90 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 

 

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