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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 - 03-13-2025

Your Daily Trading Strategy Check-in - Deriv Broker March 12, 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: bullish bias above 1.2940.
 
Pivot:
1.2940
 
Our preference:
Long positions above 1.2940 with targets at 1.2985 & 1.3005 in extension.
 
Alternative scenario:
Below 1.2940, look for further downside with 1.2915 & 1.2890 as targets.
 
Comment:
A support base at 1.2940 has formed, allowing temporary stabilization.
 
[Image: 76_20250313121437.gif]


EUR/USD Intraday: intraday support is around 1.0855.
 
Pivot:
1.0855
 
Our preference:
Long positions above 1.0855 with targets at 1.0910 & 1.0925 in extension.
 
Alternative scenario:
Below 1.0855, look for further downside with 1.0835 & 1.0820 as targets.
 
Comment:
The RSI lacks downward momentum.
 
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USD/CHF Intraday: Consolidation is in place.
 
Pivot:
0.8835
 
Our preference:
Short positions below 0.8835 with targets at 0.8800 & 0.8785 in extension.
 
Alternative scenario:
Above 0.8835, look for further upside with 0.8850 & 0.8865 as targets.
 
Comment:
As long as the resistance at 0.8835 is not surpassed, the risk of a break below 0.8800 remains high.
 
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Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: under pressure.
 
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 2930.00.
 
Pivot:
2930.00
 
Our preference:
Long positions above 2930.00 with targets at 2955.00 & 2965.00 in extension.
 
Alternative scenario:
Below 2930.00, look for further downside with 2921.00 & 2908.00 as targets.
 
Comment:
A support base at 2930.00 has formed, allowing temporary stabilization.
 
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Dax (Eurex)‎ (H5)‎ Intraday: under pressure.
 
Pivot:
22860.00
 
Our preference:
Short positions below 22860.00 with targets at 22445.00 & 22260.00 in extension.
 
Alternative scenario:
Above 22860.00, look for further upside with 23070.00 & 23250.00 as targets.
 
Comment:
As long as the resistance at 22860.00 is not surpassed, the risk of a break below 22445.00 remains high.
 
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Cac 40 (Euronext)‎ (H5)‎ Intraday: under pressure.
 
Pivot:
8110.00
 
Our preference:
Short positions below 8110.00 with targets at 7928.00 & 7870.00 in extension.
 
Alternative scenario:
Above 8110.00, look for further upside with 8185.00 & 8235.00 as targets.
 
Comment:
If the resistance at 8110.00 is not surpassed, the risk of a break below 7928.00 remains high.
 
[Image: 23358_20250313100404.gif]


Brent (ICE)‎ (K5)‎ Intraday: the bias remains bullish.
 
Pivot:
70.25
 
Our preference:
Long positions above 70.25 with targets at 71.40 & 72.00 in extension.
 
Alternative scenario:
Below 70.25, look for further downside with 69.85 & 69.35 as targets.
 
Comment:
The RSI lacks downward momentum.
 
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