Your Daily Trading Strategy Check-in - Deriv Broker May 15, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker May 15, 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: bullish bias above 1.1185.
 
Pivot:
1.1185
 
Our preference:
Long positions above 1.1185 with targets at 1.1265 & 1.1290 in extension.
 
Alternative scenario:
Below 1.1185, look for further downside with 1.1165 & 1.1145 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


GBP/USD Intraday: bullish bias above 1.3250.
 
Pivot:
1.3250
 
Our preference:
Long positions above 1.3250 with targets at 1.3330 & 1.3360 in extension.
 
Alternative scenario:
Below 1.3250, look for further downside, with 1.3215 and 1.3200 as potential targets.
 
Comment:
The RSI is bullish and indicates a potential further advance.
 


USD/CHF Intraday: the downside prevails.
 
Pivot:
0.8405
 
Our preference:
Short positions below 0.8405 with targets at 0.8330 & 0.8310 in extension.
 
Alternative scenario:
Above 0.8405, look for further upside with 0.8435 & 0.8455 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: the bias remains bullish.
 
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:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Dax (Eurex)‎ (M5)‎ Intraday: intraday support around 23400.00.
 
Pivot:
23400.00
 
Our preference:
Long positions above 23400.00 with targets at 23670.00 & 23785.00 in extension.
 
Alternative scenario:
Below 23400.00, look for further downside, with 23260.00 and 23149.00 as potential targets.
 
Comment:
A support base at 23400.00 has formed, allowing for temporary stabilization.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: bullish bias above 7755.00.
 
Pivot:
7755.00
 
Our preference:
Long positions above 7755.00 with targets at 7880.00 & 7939.00 in extension.
 
Alternative scenario:
Below 7755.00, look for further downside, with 7726.00 and 7660.00 as potential targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Brent (ICE)‎ (N5)‎ Intraday: the downside prevails.
 
Pivot:
64.70
 
Our preference:
Short positions below 64.70 with targets at 63.20 & 62.85 in extension.
 
Alternative scenario:
Above 64.70, look for further upside with 65.35 & 65.75 as targets.
 
Comment:
As long as 64.70 is resistance, look for choppy price action with a bearish bias.
 


Gold Intraday: key resistance at 3190.00.
 
Pivot:
3190.00
 
Our preference:
Short positions below 3190.00 with targets at 3120.00 & 3090.00 in extension.
 
Alternative scenario:
Above 3190.00, look for further upside with 3220.00 & 3242.00 as targets.
 
Comment:
A break below 3120.00 would trigger a drop towards 3090.00.
 

 

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