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
Trying to recover from the 1.0990 low which stands just above strong support at the 1.0985/68, Jan highs. Would take break to weaken and trigger deeper setback. Higher low sought for renewed strength later with resistance now at 1.1067 then the 1.1100/39 area. [PL]
USD/CHF Daily
Rejection from parity level has seen setback to the .9900 level and see the .9876 low to watch. Below the latter will trigger a top pattern and return focus to the downside towards the .9800 level. Resistance now at .9969 then the 1.0004 high. [PL]
USD/JPY Daily
Down to pressure the 111.67 low and break here will expose the 110.99 low to retest. Failure to hold the latter will see further decline to target the 110.00 level. Bears stays firmly in control with resistance now at 112.31 and 112.80 then the 113.38/60 area. [PL]
EUR/CHF Daily
Clear break of the 1.1000 has seen follow-through to take out the 1.0950 support before stabilising at 1.0908 low. Break of the 1.0900 level will see deeper pullback to 1.0870 and 1.0827 support. Bounce see resistance now at the 1.0950/65 area then the 1.1000 level. [PL]
GBP/USD Daily
Decline extending during intraday trading with 1.4000 support taken out and provide the opportunity for further weakening to 1.3958 and break will open downside to 1.3844. Only lift above 1.4080 resistance to inspire corrective bounce. [W.T]
EUR/GBP Daily
Follow-through above the .7845 high of last week expose the .7898 high to retest. Break here will clear the way to the .8000 level. Beyond this will target .8050, the 10-mth base measuring objective. Support starts at .7776 then the .7708 and .7696 lows, now protecting the downside. [PL]
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 hovers around 0.6500 amid light trading, ahead of US GDP
AUD/USD is trading close to 0.6500 in Asian trading on Thursday, lacking a clear directional impetus amid an Anzac Day holiday in Australia. Meanwhile, traders stay cautious due ti risk-aversion and ahead of the key US Q1 GDP release.
USD/JPY finds its highest bids since 1990, near 155.50
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, testing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming Japanese intervention risks. Focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold price treads water near $2,320, awaits US GDP data
Gold price recovers losses but keeps its range near $2,320 early Thursday. Renewed weakness in the US Dollar and the US Treasury yields allow Gold buyers to breathe a sigh of relief. Gold price stays vulnerable amid Middle East de-escalation, awaiting US Q1 GDP data.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
Meta Platforms Earnings: META sinks 10% on lower Q2 revenue guidance Premium
This must be "opposites" week. While Doppelganger Tesla rode horrible misses on Tuesday to a double-digit rally, Meta Platforms produced impressive beats above Wall Street consensus after the close on Wednesday, only to watch the share price collapse by nearly 10%.