Your Daily Trading Strategy Check-in - Deriv Broker May 20, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker May 20, 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: intraday support around 1.1235.
 
Pivot:
1.1235
 
Our preference:
Long positions above 1.1235 with targets at 1.1290 & 1.1315 in extension.
 
Alternative scenario:
Below 1.1235, look for further downside with 1.1215 & 1.1195 as targets.
 
Comment:
The RSI lacks downward momentum.
 


GBP/USD Intraday: intraday support around 1.3345.
 
Pivot:
1.3345
 
Our preference:
Long positions above 1.3345 with targets at 1.3400 & 1.3420 in extension.
 
Alternative scenario:
Below 1.3345, look for further downside with 1.3315 & 1.3290 as targets.
 
Comment:
A support base at 1.3345 has formed, allowing for temporary stabilization.
 


USD/CHF Intraday: consolidation in place.
 
Pivot:
0.8345
 
Our preference:
Short positions below 0.8345 with targets at 0.8305 & 0.8280 in extension.
 
Alternative scenario:
Above 0.8345, look for further upside with 0.8365 & 0.8385 as targets.
 
Comment:
As long as the resistance at 0.8345 is not surpassed, the risk of the break below 0.8305 remains high.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: bullish bias above 5415.00.
 
Pivot:
5415.00
 
Our preference:
Long positions above 5415.00 with targets at 5467.00 & 5495.00 in extension.
 
Alternative scenario:
Below 5415.00, look for further downside, with 5388.00 and 5371.00 as potential targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Dax (Eurex)‎ (M5)‎ Intraday: the bias remains bullish.
 
Pivot:
23875.00
 
Our preference:
Long positions above 23875.00 with targets at 24140.00 & 24260.00 in extension.
 
Alternative scenario:
Below 23875.00, look for further downside, with 23785.00 and 23720.00 as potential targets.
 
Comment:
The RSI is mixed.
 


CAC 40 (Euronext)‎ (M5)‎ Intraday: bullish bias above 7805.00.
 
Pivot:
7805.00
 
Our preference:
Long positions above 7805.00 with targets at 7895.00 & 7935.00 in extension.
 
Alternative scenario:
Below 7,805.00, look for further downside with 7,765.00 and 7,751.00 as targets.
 
Comment:
The RSI is mixed.
 


Brent (ICE)‎ (N5)‎ Intraday: intraday support around 65.00.
 
Pivot:
65.00
 
Our preference:
Long positions above 65.00 with targets at 66.00 & 66.40 in extension.
 
Alternative scenario:
Below $65.00, look for further downside, with $64.45 and $64.05 as potential targets.
 
Comment:
A support base at 65.00 has formed, allowing for temporary stabilization.
 


Gold Intraday: bullish bias above 3207.00.
 
Pivot:
3207.00
 
Our preference:
Long positions above 3207.00 with targets at 3248.00 & 3260.00 in extension.
 
Alternative scenario:
Below 3207.00, look for further downside, with 3195.00 and 3182.00 as potential targets.
 
Comment:
A support base at 3207.00 has formed, allowing for temporary stabilization.
 

 

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