Your Daily Trading Strategy Check-in - Deriv Broker April 25, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker April 25, 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: consolidation.
 
Pivot:
1.1380
 
Our preference:
Short positions below 1.1380 with targets at 1.1310 & 1.1280 in extension.
 
Alternative scenario:
Above 1.1380, look for further upside with 1.1400 & 1.1430 as targets.
 
Comment:
As long as 1.1380 is resistance, look for choppy price action with a bearish bias.
 


GBP/USD Intraday: consolidation.
 
Pivot:
1.3330
 
Our preference:
Short positions below 1.3330 with targets at 1.3260 & 1.3230 in extension.
 
Alternative scenario:
Above 1.3330, look for further upside with 1.3350 & 1.3385 as targets.
 
Comment:
As long as the resistance at 1.3330 is not surpassed, the risk of the break below 1.3260 remains high.
 


USD/CHF Intraday: intraday support around 0.8265.
 
Pivot:
0.8265
 
Our preference:
Long positions above 0.8265 with targets at 0.8355 & 0.8375 in extension.
 
Alternative scenario:
Below 0.8265, look for further downside with 0.8240 & 0.8215 as targets.
 
Comment:
The RSI lacks downward momentum.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: the bias remains bullish.
 
Pivot:
5030.00
 
Our preference:
Long positions above 5030.00 with targets at 5129.00 & 5170.00 in extension.
 
Alternative scenario:
Below 5030.00, look for further downside with 4993.00 & 4959.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Dax (Eurex)‎ (M5)‎ Intraday: bullish bias above 22062.00.
 
Pivot:
22062.00
 
Our preference:
Long positions above 22062.00 with targets at 22430.00 & 22600.00 in extension.
 
Alternative scenario:
Below 22062.00, look for further downside with 21890.00 & 21770.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 


CAC 40 (Euronext)‎ (K5)‎ Intraday: the upside prevails.
 
Pivot:
7330.00
 
Our preference:
Long positions above 7330.00 with targets at 7539.00 & 7624.00 in extension.
 
Alternative scenario:
Below 7330.00, look for further downside with 7270.00 & 7200.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 


Brent (ICE)‎ (M5)‎ Intraday: under pressure.
 
Pivot:
66.65
 
Our preference:
Short positions below 66.65 with targets at 65.50 & 64.90 in extension.
 
Alternative scenario:
Above 66.65, look for further upside with 67.10 & 67.50 as targets.
 
Comment:
The break below 66.65 is a negative signal that has opened a path to 65.50.
 


Gold Intraday: under pressure.
 
Pivot:
3327.00
 
Our preference:
Short positions below 3327.00 with targets at 3285.00 & 3260.00 in extension.
 
Alternative scenario:
Above 3327.00, look for further upside with 3348.00 & 3370.00 as targets.
 
Comment:
As long as the resistance at 3327.00 is not surpassed, the risk of the break below 3285.00 remains high.
 

 

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