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
Intraday trade a touch firmer but the neutral stance of daily technical tools is keeping trade well- confined within the 1.0810-1.0968 range and breakout will see broader and stronger 1.0710-1.1060 band coming into play. [W.T]
USD/CHF Daily
Inside-range set last session reduces upside pressure with trade drifting into consolidation and so long setback sustain above the 1.0110 support, longs are still favoured. Lift above 1.0257 resistance will trigger extension with the strong hurdle at 1.0328 targeted. [W.T]
USD/JPY Daily
Negative cross-over seen on daily Stochastic spurring intraday retreat but the strong rally staged last Friday is keeping broader upmove from 115.98 low in play and move above 121.70 needed to regain footing to 122.00 then 122.23. [W.T]
EUR/CHF Daily
Despite the bearish implication of Shooting-star set last Friday, lack of corrective pullback is keeping the bullish run from 1.0756 low in play with prices a touch firmer in consolidation and clearance of 1.1166 hurdle will signal bulls back in control. [W.T]
GBP/USD Daily
Tradings are still choppy in corrective consolidation and the strong move above 1.4413/28 resistances last session is providing some supportive tone to this currency pair and lift above 1.4445 hurdle will boost recovery to 1.4476 then 1.4494. [W.T]
EUR/GBP Daily
Setback seen last session holding well above the .7526 support and intraday bounce is turning move into consolidation with slight bias upside and need further gain above .7623 resistance to help bulls garner momentum towards higher end of consolidation at .7666. [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
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.