Your Daily Trading Strategy Check-in - Deriv Broker May 16, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker May 16, 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: supported by a rising trend line.
 
Pivot:
1.3280
 
Our preference:
Long positions above 1.3280 with targets at 1.3330 & 1.3360 in extension.
 
Alternative scenario:
Below 1.3280, look for further downside with 1.3255 & 1.3230 as targets.
 
Comment:
The RSI lacks downward momentum.
 


EUR/USD Intraday: bullish bias above 1.1185.
 
Pivot:
1.1185
 
Our preference:
Long positions above 1.1185 with targets at 1.1225 & 1.1245 in extension.
 
Alternative scenario:
Below 1.1185, look for further downside with 1.1165 & 1.1145 as targets.
 
Comment:
The break above 1.1185 is a positive signal that has opened a path to 1.1225.
 


USD/CHF Intraday: under pressure.
 
Pivot:
0.8370
 
Our preference:
Short positions below 0.8370 with targets at 0.8325 & 0.8300 in extension.
 
Alternative scenario:
Above 0.8370, look for further upside with 0.8405 & 0.8435 as targets.
 
Comment:
As long as the resistance at 0.8370 is not surpassed, the risk of the break below 0.8325 remains high.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: the upside prevails.
 
Pivot:
5382.00
 
Our preference:
Long positions above 5382.00 with targets at 5445.00 & 5479.00 in extension.
 
Alternative scenario:
Below 5382.00, look for further downside, with 5364.00 and 5348.00 as potential targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


Gold Intraday: the downside prevails.
 
Pivot:
3211.00
 
Our preference:
Short positions below 3211.00 with targets at 3138.00 & 3120.00 in extension.
 
Alternative scenario:
Above 3211.00, look for further upside with 3231.00 & 3243.00 as targets.
 
Comment:
The break below the support at 3211.00 triggered a bearish acceleration to the support at 3138.00.
 


Dax (Eurex)‎ (M5)‎ Intraday: the upside prevails.
 
Pivot:
23700.00
 
Our preference:
Long positions above 23700.00 with targets at 23980.00 & 24140.00 in extension.
 
Alternative scenario:
Below 23700.00, look for further downside, with 23575.00 and 23460.00 as potential targets.
 
Comment:
The RSI is bullish, indicating further upside potential.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: bullish bias above 7830.00.
 
Pivot:
7830.00
 
Our preference:
Long positions above 7830.00 with targets at 7939.00 & 7979.00 in extension.
 
Alternative scenario:
Below 7,830.00, look for further downside, with 7,800.00 and 7,775.00 as potential targets.
 
Comment:
The RSI is bullish and indicates a potential for further advance.
 


Brent (ICE)‎ (N5)‎ Intraday: intraday support around 64.00.
 
Pivot:
64.00
 
Our preference:
Long positions above 64.00 with targets at 65.20 & 65.70 in extension.
 
Alternative scenario:
Below 64.00, look for further downside, with 63.50 and 63.00 as potential targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


 

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