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
With most of Fareast away for the Lunar New Year, intraday trade thin and setback need to stay above the 1.1060 stronger support to keep upside momentum in play. Above 1.1246 hurdle will help bulls regain footing. [W.T]
EUR/CHF Daily
Sharp decline last trading session, spurred by the bearish tone of Shooting-star set last Thursday and with 1.1062/50 supports taken out, risk of deeper pullback is not ruled out, with lower support seen at 1.1030 ahead of 1.0982 . [W.T]
USD/CHF Daily
Extended decline seen last Friday checked by the 0.9881 support with the appearance of a High-wave candle reducing downside pressure and shifting trade into intraday consolidation. Lift above 0.9990 hurdle will expose stronger rebound. [W.T]
GBP/USD Daily
View unchanged from this morning with setback below 1.4530 support last Friday jeopardising the corrective upmove from 1.4080 low with next support seen at 1.4446 and break will help bears regain footing to 1.4384. Good resistance is now seen at 1.4668 and lift above latter needed to revive corrective upmove. [W.T]
USD/JPY Daily
With downside well-protected by the strong support at 115.98 , the appearance of a High-wave candle at current depth is spurring intraday strength towards 117.43 resistance and break will boost gain to 117.66 then 117.80. [W.T]
EUR/GBP Daily
Upmove stalled by the appearance of a High-wave candle last session with intraday retreat and ability to push below .7666 support will expose further setback to .7592. Bulls will have to clear last Friday's high of .7716 to regain footing towards strong barrier at .7756. [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 clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.