Your Daily Trading Strategy Check-in - Deriv Broker March 31, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker March 31, 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 specific scenarios may have already unfolded.
 

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GBP/USD Intraday: rebound expected.
 
Pivot:
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 1.2900 and 1.2870 as potential targets.
 
Comment:
The RSI lacks downward momentum.
 


EUR/USD Intraday: bullish bias above 1.0795.
 
Pivot:
1.0795
 
Our preference:
Long positions above 1.0795 with targets at 1.0865 & 1.0900 in extension.
 
Alternative scenario:
Below 1.0795, look for further downside with 1.0765 & 1.0730 as targets.
 
Comment:
A support base at 1.0795 has formed, allowing for temporary stabilization.
 


USD/CHF Intraday: rebound.
 
Pivot:
0.8800
 
Our preference:
Long positions above 0.8800 with targets at 0.8835 & 0.8850 in extension.
 
Alternative scenario:
Below 0.8800, look for further downside with 0.8780 & 0.8755 as targets.
 
Comment:
The break above 0.8800 is a positive signal that has opened a path to 0.8835.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: the downside prevails.
 
Pivot:
5250.00
 
Our preference:
Short positions below 5250.00 with targets at 5135.00 & 5090.00 in extension.
 
Alternative scenario:
Above 5250.00, look for further upside with 5285.00 & 5339.00 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


Gold Intraday: further advance.
 
Pivot:
3105.00
 
Our preference:
Long positions above 3105.00 with targets at 3135.00 & 3150.00 in extension.
 
Alternative scenario:
Below 3105.00, look for further downside, with 3090.00 and 3077.00 as potential targets.
 
Comment:
The RSI advocates for further advance.
 


Dax (Eurex)‎ (M5)‎ Intraday: the downside prevails.
 
Pivot:
22600.00
 
Our preference:
Short positions below 22600.00 with targets at 22110.00 & 21900.00 in extension.
 
Alternative scenario:
Above 22600.00, look for further upside with 22740.00 & 22860.00 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


Cac 40 (Euronext)‎ (J5)‎ Intraday: the downside prevails.
 
Pivot:
7870.00
 
Our preference:
Short positions below 7870.00 with targets at 7733.00 & 7670.00 in extension.
 
Alternative scenario:
Above 7870.00, look for further upside with 7915.00 & 7965.00 as targets.
 
Comment:
The RSI is bearish, indicating a potential for further decline.
 


Brent (ICE)‎ (M5)‎ Intraday: continuation of the rebound.
 
Pivot:
72.65
 
Our preference:
Long positions above 72.65 with targets at 73.80 & 74.30 in extension.
 
Alternative scenario:
Below 72.65, look for further downside, with 72.30 & 71.90 as targets.
 
Comment:
The RSI is bullish, indicating further upside potential.
 

 

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