USD/CHF: Caution

USDCHF

 


 

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

 


 

Pivot (invalidation): 0.9415

Our preference
Long positions above 0.9415 with targets at 0.9440 & 0.9450 in extension.

Alternative scenario
Below 0.9415 look for further downside with 0.9405 & 0.9390 as targets.

Comment
A support base at 0.9415 has formed and has allowed for a temporary stabilisation.

 

USD/CAD: The bias remains bullish

USDCAD

Pivot (invalidation): 1.3570

Our preference
Long positions above 1.3570 with targets at 1.3625 & 1.3650 in extension.

Alternative scenario
Below 1.3570 look for further downside with 1.3545 & 1.3520 as targets.

Comment
The break above 1.3570 is a positive signal that has opened a path to 1.3625.

 

AUD/USD: Under pressure

AUDUSD

Pivot (invalidation): 0.6980

Our preference
Short positions below 0.6980 with targets at 0.6920 & 0.6900 in extension.

Alternative scenario
Above 0.6980 look for further upside with 0.7000 & 0.7020 as targets.

Comment
As Long as 0.6980 is resistance, look for choppy price action with a bearish bias.

 

USD/TRY: Watch 6.8420

USDTRY

Pivot (invalidation): 6.8650

Our preference
Short positions below 6.8650 with targets at 6.8500 & 6.8420 in extension.

Alternative scenario
Above 6.8650 look for further upside with 6.8720 & 6.8820 as targets.

Comment
A break below 6.8500 would trigger a drop towards 6.8420.

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

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

AUD/USD battles 0.7700 amid covid, stimulus woes-led risk-aversion

AUD/USD holds the lower ground, testing the 0.7700 level amid broad risk-aversion that has triggered a bounce in the safe-haven US dollar. Uncertainty over the US stimulus, worries over new covid strain and lockdowns weigh on the risk appetite. 

AUD/USD News

GBP/USD pressured towards 1.3650 amid risk-off, ahead of UK jobs

GBP/USD remains depressed, heading towards 1.3650. The cable responds to the fresh risk-off mood after flashing a two-day losing streak. UK virus data suggests an improvement in covid conditions, Health Secretary Matt Hancock gives credits to activity restriction measures.

GBP/USD News

Gold rises 0.3%, but the market still looks indecisive

Gold still locked in Monday's indecisive price range. The yellow metal is still stuck in the indecisive price range of $1,847 to $1,868, marked by Monday's Doji candle. Worsening of risk aversion may yield a range breakdown.

Gold news

Ripple is South Korea’s most popular cryptocurrency, but XRP price stays pressured

XRP/USD bounces off intraday low of 0.2647, stays below 21-day SMA for fifth day. As per the latest report from Messari, Bitcoin and Ripple are the most popular cryptocurrencies in South Korea.

Read more

US Dollar Index: A breach of 90.00 exposes 2021 lows at 89.20

The inability of USD-bulls to push further north of recent tops in the 91.00 region in past sessions prompted sellers to return to the markts and shifted the attention to the potential continuation of the downtrend.

US Dollar Index News

Forex Majors

Cryptocurrencies

Signatures