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Your Daily Trading Strategy Check-in - Deriv Broker March 12, 2025 Newsletter - Printable Version

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Your Daily Trading Strategy Check-in - Deriv Broker March 12, 2025 Newsletter - Forum Admin - 03-12-2025

Your Daily Trading Strategy Check-in - Deriv Broker March 11, 2025 Newsletter
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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.

GBP/USD   EUR/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Gold   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE) 

Please note that due to market volatility, some of the key levels may have already been reached, and scenarios may have already been played out.
 
 
GBP/USD Intraday: under pressure.
 
Pivot:
1.2960
 
Our preference:
Short positions below 1.2960 with targets at 1.2895 & 1.2870 in extension.
 
Alternative scenario:
Above 1.2960, look for further upside with 1.2985 & 1.3000 as targets.
 
Comment:
The RSI is mixed.
 
[Image: 76_20250312120822.gif]


EUR/USD Intraday: key resistance at 1.0940.
 
Pivot:
1.0940
 
Our preference:
Short positions below 1.0940 with targets at 1.0860 & 1.0835 in extension.
 
Alternative scenario:
Above 1.0940, look for further upside with 1.0965 & 1.0985 as targets.
 
Comment:
The RSI calls for a new down leg.
 
[Image: 74_20250312120825.gif]


USD/CHF Intraday: bullish bias above 0.8810.
 
Pivot:
0.8810
 
Our preference:
Long positions above 0.8810 with targets at 0.8850 & 0.8870 in extension.
 
Alternative scenario:
Below 0.8810, look for further downside with 0.8795 & 0.8775 as targets.
 
Comment:
The RSI is mixed.
 
[Image: 77_20250312120824.gif]


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: key resistance at 5430.00.
 
Pivot:
5430.00
 
Our preference:
Short positions below 5430.00 with targets at 5284.00 & 5255.00 in extension.
 
Alternative scenario:
Above 5430.00, look for further upside with 5472.00 & 5515.00 as targets.
 
Comment:
As long as 5430.00 is resistance, look for choppy price action with a bearish bias.
 
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Gold Intraday: intraday support around 2908.00.
 
Pivot:
2908.00
 
Our preference:
Long positions above 2908.00 with targets at 2923.00 & 2930.00 in extension.
 
Alternative scenario:
Below 2908.00, look for further downside with 2902.00 & 2895.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 
[Image: 169_20250312121320.gif]


Dax (Eurex)‎ (H5)‎ Intraday: key resistance at 22860.00.
 
Pivot:
22860.00
 
Our preference:
Short positions below 22860.00 with targets at 22260.00 & 22130.00 in extension.
 
Alternative scenario:
Above 22860.00, look for further upside with 23070.00 & 23250.00 as targets.
 
Comment:
As long as 22860.00 is resistance, look for choppy price action with a bearish bias.
 
[Image: 23359_20250312095429.gif]


Cac 40 (Euronext)‎ (H5)‎ Intraday: choppy.
 
Pivot:
8110.00
 
Our preference:
Short positions below 8110.00 with targets at 7910.00 & 7870.00 in extension.
 
Alternative scenario:
Above 8110.00, look for further upside with 8185.00 & 8235.00 as targets.
 
Comment:
As long as 8110.00 is resistance, look for choppy price action with a bearish bias.
 
[Image: 23358_20250312095431.gif]


Brent (ICE)‎ (K5)‎ Intraday: bullish bias above 69.35.
 
Pivot:
69.35
 
Our preference:
Long positions above 69.35 with targets at 70.45 & 70.85 in extension.
 
Alternative scenario:
Below 69.35, look for further downside with 68.90 & 68.60 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 
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