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
Staging recovery from the 1.1071 low which stands just above strong support at the 1.1060, Dec high. Failure to hold the latter will trigger deeper pullback to the 1.0985 support. Resistance now at 1.1160 then the 1.1200/14 area. Only above the latter will revive upside focus and see return to the 1.1300 then 1.1376 high. [PL]
EUR/CHF Daily
Settling back in range from the 1.1061 high and dip see the 1.1000 level to watch. Would take break of the latter to swing focus lower for retest of the 1.0950 low and see scope to extend the broader drop from the 1.2000 high. Above 1.1061 needed to see further corrective strength to the 1.1100 level. [PL]
USD/CHF Daily
Settling back from the .9969 high which retrace approx 50%of the drop from the 1.0257, later Jan high. Risk now seen for setback below the .9900 level to the .9896/90 support and where break will confirm a top at the .9969 high and return focus to the downside. Resistance now at .9942 then .9969 high. [PL]
GBP/USD Daily
View unchanged from this morning with the appearance of a High-wave candle eroding upside momentum and settling trade back to consolidation and ability to push below 1.4235 support will help bears regain downside footing. [W.T]
USD/JPY Daily
Failure to hold the 113.00 level seeing deeper pullback from the 114.87 high. Lower see scope to the 112.50 and 111.57 support then the 110.99 low. Would need to regain the 114.00 level to ease downside pressure and clear the way for retest of 114.51 and 114.87 high. [PL]
EUR/GBP Daily
Settled back in consoldiation following rejection from the .7845 high which keep the .7898 high of last week out of reach. However, further strength not ruled while above the .7696 support. Setback to break the .7666/61 support needed to weaken and swing focus to 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
EUR/USD hovers near 1.0700 even as USD struggles ahead of data
EUR/USD has erased gains to trade flat near 1.0700 in the European session on Thursday. The pair comes under pressure even as the US Dollar struggles, in the aftermath of the Fed policy announcements and ahead of more US employment data.
GBP/USD turns south toward 1.2500, US data eyed
GBP/USD is consolidating the rebound above 1.2500 in European trading on Thursday. The pair struggles, despite the US Dollar weakness on dovish Fed signals. A mixed market mood caps the GBP/USD upside ahead of mid-tier US data.
Gold price pulls back as market sentiment improves
The Gold price is trading in the $2,310s on Thursday after retracing about three-tenths of a percent on reduced safe-haven demand. Market sentiment is overall positive as Asian stocks on balance closed higher and Oil prices hover at seven-week lows.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.