Capped by a negative trend line




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



Pivot (invalidation): 1.1115

Our preference
Short positions below 1.1115 with targets at 1.1090 & 1.1075 in extension.

Alternative scenario
Above 1.1115 look for further upside with 1.1130 & 1.1155 as targets.

A break below 1.1090 would trigger a drop towards 1.1075.



Towards 1.2060



Pivot (invalidation): 1.2100

Our preference
Short positions below 1.2100 with targets at 1.2075 & 1.2060 in extension.

Alternative scenario
Above 1.2100 look for further upside with 1.2120 & 1.2135 as targets.

The RSI advocates for further decline.



Aim @ 106.60



Pivot (invalidation): 105.90

Our preference
Long positions above 105.90 with targets at 106.35 & 106.60 in extension.

Alternative scenario
Below 105.90 look for further downside with 105.70 & 105.50 as targets.

The RSI is bullish and calls for further upside.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD falls off the highs amid trade wars, weak German figures

EUR/USD is falling toward 1.1100. The German IFO Business Climate dropped to 94.3 points, below expectations. Markets are concerned by the intensifying US-Sino trade wars.


GBP/USD consolidates amid Brexit uncertainty

GBP/USD is trading below 1.2300, consolidating its gains. The UK and the EU have been blaming each other for a potential no-deal Brexit. US-Sino tensions are in play as well.


USD/JPY recovers farther from multi-year lows on Trump’s positive trade-related comments

The incoming positive trade-related comments dented the JPY’s safe-haven demand. Improving global risk sentiment helped the pair to recover around 150-pips intraday. Investors now look forward to the US durable goods orders data for a fresh impetus.


Forex Today: Trade wars paint markets in red, Brexit looks worse, and central banks are limited

Here is what you need to know on Monday, August 26th: The US-Sino trade war is painting global markets in the red. The US dollar is losing some ground to major currencies as yields plunge, while it gains against commodity currencies. Gold is rising and oil is falling.

Read more

Gold retreats from multi-year tops, fills weekly bullish gap on positive trade headlines

Gold extended its intraday pullback from fresh multi-year tops and dropped to fresh session lows in the last hour, filling the weekly bullish gap. The US-China trade tensions escalated further.

Gold News