Your Daily Trading Strategy Check-in - Deriv Broker May 22, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker May 22, 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: consolidation in place.
 
Pivot:
1.3430
 
Our preference:
Short positions below 1.3430 with targets at 1.3370 & 1.3335 in extension.
 
Alternative scenario:
Above 1.3430, look for further upside with 1.3465 & 1.3490 as targets.
 
Comment:
As long as 1.3430 is resistance, look for choppy price action with a bearish bias.
 


EUR/USD Intraday: consolidation.
 
Pivot:
1.1325
 
Our preference:
Short positions below 1.1325 with targets at 1.1280 & 1.1245 in extension.
 
Alternative scenario:
Above 1.1325, look for further upside with 1.1345 & 1.1360 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 


USD/CHF Intraday: bullish bias above 0.8235.
 
Pivot:
0.8235
 
Our preference:
Long positions above 0.8235 with targets at 0.8280 & 0.8305 in extension.
 
Alternative scenario:
Below 0.8235, look for further downside with 0.8205 & 0.8190 as targets.
 
Comment:
A support base at 0.8235 has formed, allowing temporary stabilization.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: choppy.
 
Pivot:
5387.00
 
Our preference:
Long positions above 5387.00 with targets at 5440.00 & 5468.00 in extension.
 
Alternative scenario:
Below 5387.00, look for further downside with 5370.00 & 5355.00 as targets.
 
Comment:
The RSI is mixed.
 


Gold Intraday: consolidation.
 
Pivot:
3320.00
 
Our preference:
Short positions below 3320.00 with targets at 3275.00 & 3248.00 in extension.
 
Alternative scenario:
Above 3320.00, look for further upside with 3345.00 & 3368.00 as targets.
 
Comment:
The break below 3320.00 is a negative signal that has opened a path to 3275.00.
 


Dax (Eurex)‎ (M5)‎ Intraday: choppy.
 
Pivot:
23875.00
 
Our preference:
Long positions above 23875.00 with targets at 24100.00 & 24190.00 in extension.
 
Alternative scenario:
Below 23875.00, look for further downside with 23785.00 & 23690.00 as targets.
 
Comment:
The RSI is mixed.
 


CAC 40 (Euronext)‎ (M5)‎ Intraday: choppy.
 
Pivot:
7780.00
 
Our preference:
Long positions above 7780.00 with targets at 7879.00 & 7915.00 in extension.
 
Alternative scenario:
Below 7780.00, look for further downside with 7735.00 & 7700.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 


Brent (ICE)‎ (N5)‎ Intraday: the downside prevails.
 
Pivot:
64.45
 
Our preference:
Short positions below 64.45 with targets at 63.15 & 62.85 in extension.
 
Alternative scenario:
Above 64.45, look for further upside with 65.00 & 65.25 as targets.
 
Comment:
The break below 64.45 is a negative signal that has opened a path to 63.15.
 

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