USD/CHF

Turning down.

USDCHF


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


Pivot (invalidation): 0.9980

Our preference
Short positions below 0.9980 with targets at 0.9950 & 0.9935 in extension.

Alternative scenario
Above 0.9980 look for further upside with 0.9990 & 1.0000 as targets.

Comment
The RSI shows downside momentum.

 

USD/CAD

Caution.

USDCAD

Pivot (invalidation): 1.3220

Our preference
Short positions below 1.3220 with targets at 1.3185 & 1.3165 in extension.

Alternative scenario
Above 1.3220 look for further upside with 1.3245 & 1.3265 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.3220. Only a clear break above 1.3220 would bring about a bullish reversal.

 

AUD/USD

Under pressure.

AUDUSD

Pivot (invalidation): 0.6800

Our preference
Short positions below 0.6800 with targets at 0.6770 & 0.6755 in extension.

Alternative scenario
Above 0.6800 look for further upside with 0.6810 & 0.6820 as targets.

Comment
A break below 0.6770 would trigger a drop towards 0.6755. The pair keeps testing the support at 0.6770.

 

USD/TRY

The upside prevails.

USDTRY

Pivot (invalidation): 5.8700

Our preference
Long positions above 5.8700 with targets at 5.9180 & 5.9320 in extension.

Alternative scenario B
Below 5.8700 look for further downside with 5.8520 & 5.8330 as targets.

Comment
The break above 5.8700 is a positive signal that has opened a path to 5.9180. The pair is currently supported by the ascending 20-period moving average.

This report has been prepared by Swissquote Bank Ltd 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 Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd 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.

Recommended Content


Recommended Content

Editors’ Picks

GBP/USD extends recovery gains to near 1.3250, as BoE looms

GBP/USD extends recovery gains to near 1.3250, as BoE looms

GBP/USD extends the recovery to near 1.3200 in European trading on Thursday, having found buyers near 1.3150. A fresh US Dollar pullback and a rebound in risk sentiment offer support to the pair ahead of the BoE policy announcements. 

GBP/USD News
EUR/USD advances to 1.1150, focus shifts to ECB-speak

EUR/USD advances to 1.1150, focus shifts to ECB-speak

EUR/USD is well-bid near 1.1150 in the European session on Thursday. The pair is underpinned by the renewed US Dollar retreat and an upbeat mood. Traders digest the Fed's dovish outlook, bracing for ECB-speak for fresh trading incentives. US data are also eyed. 

EUR/USD News
Gold price jumps back closer to all-time peak, $2,600 remains in sight amid fresh USD weakness

Gold price jumps back closer to all-time peak, $2,600 remains in sight amid fresh USD weakness

Gold price regains positive traction following the previous day's pullback from the all-time peak and builds on its steady intraday ascent heading into the European session on Thursday. 

Gold News
BoE expected to keep interest rate unchanged at 5% as price pressures persist

BoE expected to keep interest rate unchanged at 5% as price pressures persist

After a close call in August, the Bank of England’s September interest rate decision is keenly awaited for fresh cues on the bank’s future policy action and the pace of its bond sales.

Read more
Bitcoin surges to $62,000 mark after 50 bps Fed rate cut

Bitcoin surges to $62,000 mark after 50 bps Fed rate cut

Bitcoin and Ripple eye for a rally as they break and find support around their resistance barrier. Meanwhile, Ethereum demonstrates signs of recovery as it approaches a critical resistance level, indicating that an upward rally could be on the horizon if it successfully breaks through.

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures