TRENDING:

XAU/USD

Silver

USDTRY Intraday: Technical rebound in a bearish trend

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The downside prevails.

Stay on top of the markets with Swissquote’s News & Analysis

Pivot (invalidation): 0.9895

Our preference
Short positions below 0.9895 with targets at 0.9850 & 0.9820 in extension.

Alternative scenario
Above 0.9895 look for further upside with 0.9920 & 0.9935 as targets.

Comment
The RSI has broken down its 30 level.

USD/CAD

Further upside.

Pivot (invalidation): 1.3010

Our preference
Long positions above 1.3010 with targets at 1.3080 & 1.3120 in extension.

Alternative scenario
Below 1.3010 look for further downside with 1.2980 & 1.2950 as targets.

Comment
The RSI is bullish and calls for further upside.

AUD/USD

Key resistance at 0.7085.

Pivot (invalidation): 0.7085

Our preference
Short positions below 0.7085 with targets at 0.7055 & 0.7040 in extension.

Alternative scenario
Above 0.7085 look for further upside with 0.7105 & 0.7130 as targets.

Comment
A break below 0.7055 would trigger a drop towards 0.7040.

USD/TRY

Technical rebound in a bearish trend.

Pivot (invalidation): 6.0980

Our preference
Short positions below 6.0980 with targets at 6.0490 & 6.0200 in extension.

Alternative scenario
Above 6.0980 look for further upside with 6.1330 & 6.1575 as targets.

Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator at 54 is edging higher, signaling improving momentum. RSI near mid-50s keeps momentum balanced. A sustained push above 60 would firm bullish control.

GBP/USD holds medium-term bullish bias above 1.3600

The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s interest-rate cut weighs on the Pound Sterling against the Greenback.

Gold sticks to gains above $5,000 as China's buying and Fed rate-cut bets drive demand

Gold surges past the $5,000 psychological mark during the Asian session on Monday in reaction to the weekend data, showing that the People's Bank of China extended its buying spree for a 15th month in January. Moreover, dovish US Federal Reserve expectations and concerns about the central bank's independence drag the US Dollar lower for the second straight day, providing an additional boost to the non-yielding yellow metal.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.