Your Daily Trading Strategy Check-in - Deriv Broker March 25, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 25, 2025 Newsletter

 

 

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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 specific scenarios may have already unfolded.

GBP/USD Intraday: key resistance at 1.2970.
 
Pivot:
1.2970
 
Our preference:
Short positions below 1.2970 with targets at 1.2905 & 1.2885 in extension.
 
Alternative scenario:
Above 1.2970, look for further upside with 1.2995 & 1.3010 as targets.
 
Comment:
The upward potential is likely to be limited by the resistance at 1.2970.
 

EUR/USD Intraday: capped by a negative trend line.

 
Pivot:
1.0830
 
Our preference:
Short positions below 1.0830 with targets at 1.0775 & 1.0745 in extension.
 
Alternative scenario:
Above 1.0830, look for further upside with 1.0855 & 1.0880 as targets.
 
Comment:
As long as 1.0830 is resistance, look for choppy price action with a bearish bias.
 


USD/CHF Intraday: intraday support is around 0.8800.
 
Pivot:
0.8800
 
Our preference:
Long positions above 0.8800 with targets at 0.8845 & 0.8860 in extension.
 
Alternative scenario:
Below 0.8800, look for further downside with 0.8780 & 0.8755 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: continuation of the rebound.
 
Pivot:
5389.00
 
Our preference:
Long positions above 5389.00 with targets at 5445.00 & 5470.00 in extension.
 
Alternative scenario:
Below 5389.00, look for further downside, with 5353.00 and 5332.00 as potential targets.
 
Comment:
The RSI is bullish, indicating a potential further advance.
 


Gold Intraday: further advance.
 
Pivot:
3010.00
 
Our preference:
Long positions above 3010.00 with targets at 3031.00 & 3037.00 in extension.
 
Alternative scenario:
Below 3010.00, look for further downside, with 3004.00 and 2999.00 as potential targets.
 
Comment:
The RSI is bullish, indicating further upside potential.
 


Dax (Eurex)‎ (M5)‎ Intraday: continuation of the rebound.
 
Pivot:
23170.00
 
Our preference:
Long positions above 23170.00 with targets at 23500.00 & 23635.00 in extension.
 
Alternative scenario:
Below 23170.00, look for further downside, with 23050.00 and 22960.00 as potential targets.
 
Comment:
The RSI is bullish, indicating a potential further advance.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: continuation of the rebound.
 
Pivot:
8075.00
 
Our preference:
Long positions above 8075.00 with targets at 8165.00 & 8200.00 in extension.
 
Alternative scenario:
Below 8075.00, look for further downside, with 8050.00 and 8010.00 as potential targets.
 
Comment:
The RSI is bullish, indicating a potential further advance.
 


Brent (ICE)‎ (M5)‎ Intraday: further advance.
 
Pivot:
72.30
 
Our preference:
Long positions above 72.30 with targets at 72.85 & 73.20 in extension.
 
Alternative scenario:
Below 72.30, look for further downside, with 72.00 and 71.70 as potential targets.
 
Comment:
The RSI is bullish, indicating a potential further advance.
 

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