Your Daily Trading Strategy Check-in - Deriv Broker May 09, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker May 09, 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: under pressure.
 
Pivot:
1.3290
 
Our preference:
Short positions below 1.3290 with targets at 1.3200 & 1.3160 in extension.
 
Alternative scenario:
Above 1.3290, look for further upside with 1.3330 & 1.3370 as targets.
 
Comment:
As long as 1.3290 is resistance, look for choppy price action with a bearish bias.
 


EUR/USD Intraday: under pressure.
 
Pivot:
1.1260
 
Our preference:
Short positions below 1.1260 with targets at 1.1190 & 1.1160 in extension.
 
Alternative scenario:
Above 1.1260, look for further upside with 1.1295 & 1.1335 as targets.
 
Comment:
As long as 1.1260 is resistance, look for choppy price action with a bearish bias.
 


USD/CHF Intraday: intraday support around 0.8285.
 
Pivot:
0.8285
 
Our preference:
Long positions above 0.8285 with targets at 0.8345 & 0.8360 in extension.
 
Alternative scenario:
Below 0.8285, look for further downside with 0.8260 & 0.8240 as targets.
 
Comment:
The break above the resistance at 0.8285 triggered an upward acceleration to 0.8345.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: key resistance at 5300.00.
 
Pivot:
5300.00
 
Our preference:
Short positions below 5300.00 with targets at 5265.00 & 5254.00 in extension.
 
Alternative scenario:
Above 5300.00, look for further upside with 5321.00 & 5339.00 as targets.
 
Comment:
The index currently faces a challenging resistance area at 5300.00.
 


Dax (Eurex)‎ (M5)‎ Intraday: key resistance at 23600.00.
 
Pivot:
23600.00
 
Our preference:
Short positions below 23600.00 with targets at 23420.00 & 23330.00 in extension.
 
Alternative scenario:
Above 23600.00, look for further upside with 23695.00 & 23800.00 as targets.
 
Comment:
The index currently faces a challenging resistance area at 23600.00.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: key resistance at 7725.00.
 
Pivot:
7725.00
 
Our preference:
Short positions below 7725.00 with targets at 7655.00 & 7624.00 in extension.
 
Alternative scenario:
Above 7725.00, look for further upside with 7774.00 & 7815.00 as targets.
 
Comment:
The index currently faces a challenging resistance area at 7725.00.
 


Brent (ICE)‎ (N5)‎ Intraday: further advance.
 
Pivot:
63.30
 
Our preference:
Long positions above 63.30 with targets at 64.60 & 65.40 in extension.
 
Alternative scenario:
Below 63.30, look for further downside, with 62.50 and 61.70 as potential targets.
 
Comment:
The RSI is bullish, indicating further upside potential.
 


Gold Intraday: under pressure.
 
Pivot:
3330.00
 
Our preference:
Short positions below 3330.00 with targets at 3290.00 & 3275.00 in extension.
 
Alternative scenario:
Above 3330.00, look for further upside with 3350.00 & 3368.00 as targets.
 
Comment:
As long as 3330.00 is resistance, look for choppy price action with a bearish bias.
 

 

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