Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Swissquote's daily technical outlook.
EUR/USD Daily
Tight intraday trading but the sharp sell-off last session below 1.0904 support and negative crossing seen on daily Stochastic are turning pressure towards downside and should keep this currency pair on a subdued tone. Below 1.0899 low set last session to expose move to 1.0870/48. [W.T]
USD/CHF Daily
Strong rally last session with a higher closing triggered a positive cross-over on daily Stochastic and seen boosting this currency pair with immediate threat to 0.9946 hurdle and break will see stronger level at 0.9990 targeted. [W.T]
USD/JPY Daily
With the year 2015 coming to an end , trades are getting thinner with prices stuck in tight consolidation and with the preceding down move from 123.56 high still dominating, selling into upticks still favoured. Below 120.14/07 supports will signal bears back in control. [W.T]
EUR/CHF Daily
Upmove stretching and currently stalled by the 1.0859 congestion high and the appearance of a High-wave candle last session is slowly taking pressure off the upside and downside break of 1.0827 support will help tilt pressure lower to 1.0800 then 1.0773. [W.T]
GBP/USD Daily
Intraday trade remains consolidative but the strong decline seen last two sessions with break of 1.4806 strong support is helping bears regain control and eyes lower support at 1.4740 ahead of 1.4700. Strong resistance is now seen at 1.4970 and lift above latter will shift focus towards upside. [W.T]
EUR/GBP Daily
Bulls failed to take out the strong resistance at 0.7416 and the appearance of a Rickshaw-man last session is settling prices lower in consolidation and slippage below 0.7328 support will expose deeper setback to 0.7307 stronger support. [W.T]
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector.
This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange.
Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.
Recommended Content
Editors’ Picks
AUD/USD dips below 0.6600 following RBA’s decision
The Australian Dollar registered losses of around 0.42% against the US Dollar on Tuesday, following the RBA's monetary policy decision to keep rates unchanged. However, it was perceived as a dovish decision. As Wednesday's Asian session began, the AUD/USD trades near 0.6591.
EUR/USD edges lower to near 1.0750 after hawkish remarks from a Fed official
EUR/USD extends its losses for the second successive session, trading around 1.0750 during the Asian session on Wednesday. The US Dollar gains ground due to the expectations of the Federal Reserve’s prolonging higher interest rates.
Gold wanes as US Dollar soars, unfazed by lower US yields
Gold price slipped during the North American session, dropping around 0.4% amid a strong US Dollar and falling US Treasury bond yields. A scarce economic docket in the United States would keep investors focused on Federal Reserve officials during the week after last Friday’s US employment report.
FTX files consensus-based plan of reorganization, awaits bankruptcy court approval
FTX has filed a consensus-based plan for its reorganization, coming almost two years after the now defunct FTX filed for Chapter 11 Bankruptcy Protection in the District of Delaware.
Living vicariously through rate cut expectations
U.S. stock indexes made gains on Tuesday as concerns about an overheating U.S. economy ease, particularly with incoming economic reports showing data surprises at their most negative levels since February of last year.