Your Daily Trading Strategy Check-in - Deriv Broker May 02, 2025 Newsletter

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  Your Daily Trading Strategy Check-in - Deriv Broker May 02, 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.
 

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EUR/USD Intraday: further upside.
 
Pivot:
1.1300
 
Our preference:
Long positions above 1.1300 with targets at 1.1390 & 1.1425 in extension.
 
Alternative scenario:
Below 1.1300, look for further downside with 1.1270 & 1.1240 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


GBP/USD Intraday: intraday support around 1.3280.
 
Pivot:
1.3280
 
Our preference:
Long positions above 1.3280 with targets at 1.3345 & 1.3375 in extension.
 
Alternative scenario:
Below 1.3280, look for further downside with 1.3260 & 1.3240 as targets.
 
Comment:
A support base at 1.3280 has formed, allowing temporary stabilisation.
 


USD/CHF Intraday: under pressure.
 
Pivot:
0.8265
 
Our preference:
Short positions below 0.8265 with targets at 0.8195 & 0.8155 in extension.
 
Alternative scenario:
Above 0.8265, look for further upside with 0.8295 & 0.8315 as targets.
 
Comment:
The break below 0.8265 is a negative signal that has opened a path to 0.8195.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: the bias remains bullish.
 
Pivot:
5120.00
 
Our preference:
Long positions above 5120.00 with targets at 5199.00 & 5223.00 in extension.
 
Alternative scenario:
Below 5120.00, look for further downside with 5094.00 & 5078.00 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


Dax (Eurex)‎ (M5)‎ Intraday: the bias remains bullish.
 
Pivot:
22705.00
 
Our preference:
Long positions above 22705.00 with targets at 23070.00 & 23230.00 in extension.
 
Alternative scenario:
Below 22705.00, look for further downside with 22570.00 & 22469.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: the bias remains bullish.
 
Pivot:
7540.00
 
Our preference:
Long positions above 7540.00 with targets at 7670.00 & 7730.00 in extension.
 
Alternative scenario:
Below 7540.00, look for further downside with 7495.00 & 7449.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Brent (ICE)‎ (N5)‎ Intraday: intraday support around 61.40.
 
Pivot:
61.40
 
Our preference:
Long positions above 61.40 with targets at 63.40 & 64.30 in extension.
 
Alternative scenario:
Below 61.40, look for further downside with 60.50 & 59.30 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Gold Intraday: further advance.
 
Pivot:
3243.00
 
Our preference:
Long positions above 3243.00 with targets at 3290.00 & 3314.00 in extension.
 
Alternative scenario:
Below 3243.00, look for further downside with 3219.00 & 3202.00 as targets.
 
Comment:
The break above 3243.00 is a positive signal that has opened a path to 3290.00.
 

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