Your Daily Trading Strategy Check-in - Deriv Broker May 01, 2025 Newsletter

[Forum Admin]

  Your Daily Trading Strategy Check-in - Deriv Broker May 01, 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.
 

Click Here to Read Deriv Broker Forex Platforms Review  

 
GBP/USD Intraday: key resistance at 1.3345.
 
Pivot:
1.3345
 
Our preference:
Short positions below 1.3345 with targets at 1.3270 & 1.3250 in extension.
 
Alternative scenario:
Above 1.3345, look for further upside with 1.3375 & 1.3415 as targets.
 
Comment:
As long as the resistance at 1.3345 is not surpassed, the risk of the break below 1.3270 remains high.
 


EUR/USD Intraday: key resistance at 1.1355.
 
Pivot:
1.1355
 
Our preference:
Short positions below 1.1355 with targets at 1.1270 & 1.1240 in extension.
 
Alternative scenario:
Above 1.1355, look for further upside with 1.1390 & 1.1420 as targets.
 
Comment:
As long as 1.1355 is resistance, look for choppy price action with a bearish bias.
 


USD/CHF Intraday: bullish bias above 0.8240.
 
Pivot:
0.8240
 
Our preference:
Long positions above 0.8240 with targets at 0.8285 & 0.8310 in extension.
 
Alternative scenario:
Below 0.8240, look for further downside with 0.8215 & 0.8195 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: bullish bias above 5055.00.
 
Pivot:
5055.00
 
Our preference:
Long positions above 5055.00 with targets at 5185.00 & 5223.00 in extension.
 
Alternative scenario:
Below 5055.00, look for further downside with 5024.00 & 4990.00 as targets.
 
Comment:
A support base at 5055.00 has formed, allowing temporary stabilisation.
 


Gold Intraday: under pressure.
 
Pivot:
3260.00
 
Our preference:
Short positions below 3260.00 with targets at 3210.00 & 3180.00 in extension.
 
Alternative scenario:
Above 3260.00, look for further upside with 3285.00 & 3320.00 as targets.
 
Comment:
The RSI is mixed with a bearish bias.
 


Dax (Eurex)‎ (M5)‎ Intraday: bullish bias above 22380.00.
 
Pivot:
22380.00
 
Our preference:
Long positions above 22380.00 with targets at 22910.00 & 23090.00 in extension.
 
Alternative scenario:
Below 22380.00, look for further downside with 22180.00 & 22040.00 as targets.
 
Comment:
A support base at 22380.00 has formed, allowing temporary stabilisation.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: bullish bias above 7454.00.
 
Pivot:
7454.00
 
Our preference:
Long positions above 7454.00 with targets at 7605.00 & 7660.00 in extension.
 
Alternative scenario:
Below 7454.00, look for further downside with 7390.00 & 7345.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Brent (ICE)‎ (N5)‎ Intraday: the downside prevails.
 
Pivot:
60.50
 
Our preference:
Short positions below 60.50 with targets at 59.00 & 58.00 in extension.
 
Alternative scenario:
Above 60.50, look for further upside with 60.85 & 61.30 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


 

Click Here to Read Deriv Broker Forex Platforms Review