Your Daily Trading Strategy Check-in - Deriv Broker March 24, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 24, 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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GBP/USD Intraday: further upside.
 
Pivot:
1.2930
 
Our preference:
Long positions above 1.2930 with targets at 1.2990 & 1.3010 in extension.
 
Alternative scenario:
Below 1.2930, look for further downside with 1.2910 & 1.2885 as targets.
 
Comment:
The break above 1.2930 is a positive signal that has opened a path to 1.2990.
 


EUR/USD Intraday: continuation of the rebound.
 
Pivot:
1.0815
 
Our preference:
Long positions above 1.0815 with targets at 1.0880 & 1.0900 in extension.
 
Alternative scenario:
Below 1.0815, look for further downside with 1.0795 & 1.0780 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


USD/CHF Intraday: Consolidation is in place.
 
Pivot:
0.8825
 
Our preference:
Short positions below 0.8825 with targets at 0.8795 & 0.8780 in extension.
 
Alternative scenario:
Above 0.8825, look for further upside with 0.8840 & 0.8850 as targets.
 
Comment:
As long as 0.8825 is resistance, look for choppy price action with a bearish bias.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: choppy.
 
Pivot:
5350.00
 
Our preference:
Long positions above 5350.00 with targets at 5415.00 & 5437.00 in extension.
 
Alternative scenario:
Below 5350.00, look for further downside with 5332.00 & 5311.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 


Gold Intraday: further advance.
 
Pivot:
3016.00
 
Our preference:
Long positions above 3016.00 with targets at 3037.00 & 3046.00 in extension.
 
Alternative scenario:
Below 3016.00, look for further downsides, with 3009.00 & 2999.00 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


Dax (Eurex)‎ (M5)‎ Intraday: intraday support around 22960.00.
 
Pivot:
22960.00
 
Our preference:
Long positions above 22960.00 with targets at 23370.00 & 23495.00 in extension.
 
Alternative scenario:
Below 22960.00, look for further downside with 22890.00 & 22810.00 as targets.
 
Comment:
A support base at 22960.00 has formed, allowing temporary stabilization.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: choppy.
 
Pivot:
8019.00
 
Our preference:
Long positions above 8019.00 with targets at 8130.00 & 8170.00 in extension.
 
Alternative scenario:
Below 8019.00, look for further downside with 7964.00 & 7930.00 as targets.
 
Comment:
The RSI lacks momentum.
 


Brent (ICE)‎ (M5)‎ Intraday: bullish bias above 71.50.
 
Pivot:
71.50
 
Our preference:
Long positions above 71.50 with targets at 72.45 & 72.85 in extension.
 
Alternative scenario:
Below 71.50, look for further downsides, with 71.25 & 71.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 

 

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