Your Daily Trading Strategy Check-in - Deriv Broker May 06, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker May 06, 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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GBP/USD Intraday: further upside.
 
Pivot:
1.3305
 
Our preference:
Long positions above 1.3305 with targets at 1.3345 & 1.3375 in extension.
 
Alternative scenario:
Below 1.3305, look for further downside with 1.3280 & 1.3255 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 


EUR/USD Intraday: intraday support around 1.1300.
 
Pivot:
1.1300
 
Our preference:
Long positions above 1.1300 with targets at 1.1355 & 1.1380 in extension.
 
Alternative scenario:
Below 1.1300, look for further downside with 1.1280 & 1.1265 as targets.
 
Comment:
The RSI lacks downward momentum.
 


USD/CHF Intraday: continuation of the rebound.
 
Pivot:
0.8225
 
Our preference:
Long positions above 0.8225 with targets at 0.8275 & 0.8300 in extension.
 
Alternative scenario:
Below 0.8225, look for further downside with 0.8200 & 0.8180 as targets.
 
Comment:
The RSI calls for a rebound.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: under pressure.
 
Pivot:
5263.00
 
Our preference:
Short positions below 5263.00 with targets at 5181.00 & 5160.00 in extension.
 
Alternative scenario:
Above 5263.00, look for further upside with 5291.00 & 5310.00 as targets.
 
Comment:
The RSI has broken down its 30 level.
 


Gold Intraday: bullish bias above 3322.00.
 
Pivot:
3322.00
 
Our preference:
Long positions above 3322.00 with targets at 3386.00 & 3415.00 in extension.
 
Alternative scenario:
Below 3322.00, look for further downside with 3304.00 & 3282.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


Dax (Eurex)‎ (M5)‎ Intraday: under pressure.
 
Pivot:
23545.00
 
Our preference:
Short positions below 23545.00 with targets at 23085.00 & 22870.00 in extension.
 
Alternative scenario:
Above 23545.00, look for further upside with 23695.00 & 23800.00 as targets.
 
Comment:
The RSI has broken down its 30 level.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: under pressure.
 
Pivot:
7725.00
 
Our preference:
Short positions below 7725.00 with targets at 7624.00 & 7585.00 in extension.
 
Alternative scenario:
Above 7725.00, look for further upside with 7774.00 & 7815.00 as targets.
 
Comment:
The RSI has broken down its 30 level.
 


Brent (ICE)‎ (N5)‎ Intraday: further advance.
 
Pivot:
60.70
 
Our preference:
Long positions above 60.70 with targets at 62.20 & 62.70 in extension.
 
Alternative scenario:
Below 60.70, look for further downside with 60.10 & 59.60 as targets.
 
Comment:
The break above 60.70 is a positive signal that has opened a path to 62.20.
 

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