Your Daily Trading Strategy Check-in - Deriv Broker May 12, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker May 12, 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:
1.3200
 
Our preference:
Short positions below 1.3200 with targets at 1.3120 & 1.3090 in extension.
 
Alternative scenario:
Above 1.3200, look for further upside with 1.3245 & 1.3270 as targets.
 
Comment:
The RSI advocates for further downside.
 


EUR/USD Intraday: the downside prevails.
 
Pivot:
1.1145
 
Our preference:
Short positions below 1.1145 with targets at 1.1030 & 1.0990 in extension.
 
Alternative scenario:
Above 1.1145, look for further upside with 1.1205 & 1.1245 as targets.
 
Comment:
The RSI is bearish, indicating a potential for further decline.
 


USD/CHF Intraday: further upside.
 
Pivot:
0.8410
 
Our preference:
Long positions above 0.8410 with targets at 0.8515 & 0.8580 in extension.
 
Alternative scenario:
Below 0.8410, look for further downside with 0.8350 & 0.8315 as targets.
 
Comment:
The RSI is bullish, indicating further upside potential.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: bullish bias above 5324.00.
 
Pivot:
5324.00
 
Our preference:
Long positions above 5324.00 with targets at 5408.00 & 5446.00 in extension.
 
Alternative scenario:
Below 5324.00, look for further downside, with 5295.00 and 5260.00 as potential targets.
 
Comment:
The RSI is bullish, indicating a potential further advance.
 


Gold Intraday: the downside prevails.
 
Pivot:
3287.00
 
Our preference:
Short positions below 3287.00 with targets at 3202.00 & 3150.00 in extension.
 
Alternative scenario:
Above 3287.00, look for further upside with 3315.00 & 3345.00 as targets.
 
Comment:
The break below 3287.00 is a negative signal that has opened a path to 3202.00.
 


Dax (Eurex)‎ (M5)‎ Intraday: bullish bias above 23600.00.
 
Pivot:
23600.00
 
Our preference:
Long positions above 23600.00 with targets at 24015.00 & 24130.00 in extension.
 
Alternative scenario:
Below 23600.00, look for further downside, with 23475.00 and 23330.00 as potential targets.
 
Comment:
The RSI is mixed, indicating a cautious approach.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: the bias remains bullish.
 
Pivot:
7755.00
 
Our preference:
Long positions above 7755.00 with targets at 7856.00 & 7900.00 in extension.
 
Alternative scenario:
Below 7755.00, look for further downside, with 7710.00 and 7679.00 as potential targets.
 
Comment:
The RSI is bullish, indicating further upside potential.
 


Brent (ICE)‎ (N5)‎ Intraday: further advance.
 
Pivot:
64.30
 
Our preference:
Long positions above 64.30 with targets at 66.50 & 67.65 in extension.
 
Alternative scenario:
Below 64.30, look for further downside, with 63.70 and 63.20 as potential targets.
 
Comment:
The RSI is bullish, indicating a potential further advance.
 

Click Here to Read Deriv Broker Forex Platforms Review