Your Daily Trading Strategy Check-in - Deriv Broker March 28, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 28, 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.

Just so you know, due to market volatility, some key levels may have already been reached, and specific scenarios may have already unfolded.
 

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GBP/USD Intraday: bullish bias above 1.2920.
 
Pivot: Due
1.2920
 
Our preference:
Long positions above 1.2920 with targets at 1.2970 & 1.2990 in extension.
 
Alternative scenario:
Below 1.2920, look for further downside, with 1.2895 and 1.2870 as potential targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


EUR/USD Intraday: consolidation in place.
 
Pivot:
1.0785
 
Our preference:
Short positions below 1.0785 with targets at 1.0755 & 1.0730 in extension.
 
Alternative scenario:
Above 1.0785, look for further upside with 1.0800 & 1.0820 as targets.
 
Comment:
The break below 1.0785 is a negative signal that has opened a path to 1.0755.
 


USD/CHF Intraday: consolidation.
 
Pivot:
0.8835
 
Our preference:
Short positions below 0.8835 with targets at 0.8800 & 0.8785 in extension.
 
Alternative scenario:
Above 0.8835, look for further upside with 0.8850 & 0.8865 as targets.
 
Comment:
As long as the resistance at 0.8835 is not surpassed, the risk of a break below 0.8800 remains high.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: key resistance at 5339.00.
 
Pivot:
5339.00
 
Our preference:
Short positions below 5339.00 with targets at 5279.00 & 5244.00 in extension.
 
Alternative scenario:
Above 5339.00, look for further upside with 5369.00 & 5394.00 as targets.
 
Comment:
As long as the resistance at 5339.00 is not surpassed, the risk of a break below 5279.00 remains high.
 


Gold Intraday: intraday support around 3065.00.
 
Pivot:
3065.00
 
Our preference:
Long positions above 3065.00 with targets at 3092.00 & 3105.00 in extension.
 
Alternative scenario:
Below 3065.00, look for further downside, with 3054.00 and 3044.00 as potential targets.
 
Comment:
A support base at 3065.00 has formed, allowing for temporary stabilization.
 


Dax (Eurex)‎ (M5)‎ Intraday: key resistance at 22970.00.
 
Pivot:
22970.00
 
Our preference:
Short positions below 22970.00 with targets at 22690.00 & 22595.00 in extension.
 
Alternative scenario:
Above 22970.00, look for further upside with 23110.00 & 23220.00 as targets.
 
Comment:
As long as the resistance at 22970.00 is not surpassed, the risk of a break below 22690.00 remains high.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: key resistance at 8030.00.
 
Pivot:
8030.00
 
Our preference:
Short positions below 8030.00 with targets at 7950.00 & 7919.00 in extension.
 
Alternative scenario:
Above 8030.00, look for further upside with 8069.00 & 8093.00 as targets.
 
Comment:
As long as the resistance at 8030.00 is not surpassed, the risk of a break below 7950.00 remains high.
 


Brent (ICE)‎ (M5)‎ Intraday: key resistance at 73.50.
 
Pivot:
73.50
 
Our preference:
Short positions below 73.50 with targets at 72.95 & 72.70 in extension.
 
Alternative scenario:
Above 73.50, look for further upside with 73.80 & 74.10 as targets.
 
Comment:
As long as the resistance at 73.50 is not surpassed, the risk of a break below 72.95 remains high.
 

 

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