Your Daily Trading Strategy Check-in - Deriv Broker May 21, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker May 21, 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: bullish bias above 1.3385.
 
Pivot:
1.3385
 
Our preference:
Long positions above 1.3385 with targets at 1.3445 & 1.3470 in extension.
 
Alternative scenario:
Below 1.3385, look for further downside with 1.3360 & 1.3335 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


EUR/USD Intraday: intraday support around 1.1315.
 
Pivot:
1.1315
 
Our preference:
Long positions above 1.1315 with targets at 1.1385 & 1.1410 in extension.
 
Alternative scenario:
Below 1.1315, look for further downside with 1.1280 & 1.1245 as targets.
 
Comment:
The break above 1.1315 is a positive signal that has opened a path to 1.1385.
 


USD/CHF Intraday: under pressure.
 
Pivot:
0.8270
 
Our preference:
Short positions below 0.8270 with targets at 0.8205 & 0.8170 in extension.
 
Alternative scenario:
Above 0.8270, look for further upside with 0.8305 & 0.8340 as targets.
 
Comment:
As long as 0.8270 is resistance, look for choppy price action with a bearish bias.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: the bias remains bullish.
 
Pivot:
5415.00
 
Our preference:
Long positions above 5415.00 with targets at 5475.00 & 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.
 


Gold Intraday: further advance.
 
Pivot:
3280.00
 
Our preference:
Long positions above 3280.00 with targets at 3345.00 & 3368.00 in extension.
 
Alternative scenario:
Below 3280.00, look for further downside, with 3257.00 and 3236.00 as potential targets.
 
Comment:
The RSI is bullish, indicating further upside potential.
 


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:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


CAC 40 (Euronext)‎ (M5)‎ Intraday: bullish bias above 7805.00.
 
Pivot:
7805.00
 
Our preference:
Long positions above 7805.00 with targets at 7936.00 & 8000.00 in extension.
 
Alternative scenario:
Below 7,805.00, look for further downside with 7,765.00 and 7,751.00 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Brent (ICE)‎ (N5)‎ Intraday: bullish bias above 65.70.
 
Pivot:
65.70
 
Our preference:
Long positions above 65.70 with targets at 66.80 & 67.20 in extension.
 
Alternative scenario:
Below 65.70, look for further downside, with 65.00 and 64.45 as potential targets.
 
Comment:
The RSI has just landed in its neutrality area at 50% and is turning up.
 

 

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