Your Daily Trading Strategy Check-in - Deriv Broker May 13, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker May 13, 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: key resistance at 1.3215.
 
Pivot:
1.3215
 
Our preference:
Short positions below 1.3215 with targets at 1.3160 & 1.3135 in extension.
 
Alternative scenario:
Above 1.3215, look for further upside with 1.3250 & 1.3290 as targets.
 
Comment:
As long as 1.3215 is resistance, look for choppy price action with a bearish bias.
 


EUR/USD Intraday: consolidation.
 
Pivot:
1.1140
 
Our preference:
Short positions below 1.1140 with targets at 1.1065 & 1.1030 in extension.
 
Alternative scenario:
Above 1.1140, look for further upside with 1.1170 & 1.1200 as targets.
 
Comment:
As long as the resistance at 1.1140 is not surpassed, the risk of the break below 1.1065 remains high.
 


USD/CHF Intraday: consolidation.
 
Pivot:
0.8440
 
Our preference:
Short positions below 0.8440 with targets at 0.8375 & 0.8350 in extension.
 
Alternative scenario:
Above 0.8440, look for further upside with 0.8475 & 0.8510 as targets.
 
Comment:
As long as 0.8440 is resistance, look for choppy price action with a bearish bias.
 


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 mixed, indicating a need for caution.
 


Gold Intraday: continuation of the rebound.
 
Pivot:
3222.00
 
Our preference:
Long positions above 3222.00 with targets at 3287.00 & 3315.00 in extension.
 
Alternative scenario:
Below 3222.00, look for further downside, with 3207.00 and 3190.00 as potential targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


Dax (Eurex)‎ (M5)‎ Intraday: consolidation.
 
Pivot:
23772.00
 
Our preference:
Short positions below 23772.00 with targets at 23533.00 & 23440.00 in extension.
 
Alternative scenario:
Above 23772.00, look for further upside with 23891.00 & 24015.00 as targets.
 
Comment:
The RSI is mixed, indicating a need for caution.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: bullish bias above 7759.00.
 
Pivot:
7759.00
 
Our preference:
Long positions above 7759.00 with targets at 7874.00 & 7919.00 in extension.
 
Alternative scenario:
Below 7759.00, look for further downside, with 7710.00 and 7679.00 as potential targets.
 
Comment:
The RSI is mixed, indicating a need for caution.
 


Brent (ICE)‎ (N5)‎ Intraday: bullish bias above 64.70.
 
Pivot:
64.70
 
Our preference:
Long positions above 64.70 with targets at 66.00 & 66.40 in extension.
 
Alternative scenario:
Below 64.70, look for further downside, with 64.30 and 63.70 as potential targets.
 
Comment:
A support base at 64.70 has formed, allowing for temporary stabilization.
 

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