TRENDING:

XAU/USD

Silver

USD/CAD intraday: Watch 1.2960

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: Towards 0.9080

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

Pivot (invalidation): 0.9120

Our preference
Short positions below 0.9120 with targets at 0.9095 & 0.9080 in extension.

Alternative scenario
Above 0.9120 look for further upside with 0.9135 & 0.9150 as targets.

Comment
A break below 0.9095 would trigger a drop towards 0.9080.

USD/CAD: Watch 1.2960

Pivot (invalidation): 1.3030

Our preference
Short positions below 1.3030 with targets at 1.2985 & 1.2960 in extension.

Alternative scenario
Above 1.3030 look for further upside with 1.3055 & 1.3080 as targets.

Comment
A break below 1.2985 would trigger a drop towards 1.2960.

AUD/USD: The bias remains bullish

Pivot (invalidation): 0.7340

Our preference
Long positions above 0.7340 with targets at 0.7370 & 0.7385 in extension.

Alternative scenario
Below 0.7340 look for further downside with 0.7325 & 0.7310 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/TRY: Further upside

Pivot (invalidation): 7.9390

Our preference
Long positions above 7.9390 with targets at 8.0310 & 8.0840 in extension.

Alternative scenario
Below 7.9390 look for further downside with 7.8600 & 7.8000 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD: US Dollar to remain pressured until uncertainty fog dissipates

Unimpressive European Central Bank left monetary policy unchanged for the fifth consecutive meeting. The United States first-tier employment and inflation data is scheduled for the second week of February. EUR/USD battles to remain afloat above 1.1800, sellers moving to the sidelines.

GBP/USD softens to near 1.3600 as BoE hints further rate cuts

The GBP/USD pair loses ground to near 1.3610 during the early Asian session on Monday. The Pound Sterling softens against the Greenback amid growing expectations of the Bank of England’s interest-rate cut. Traders will take more cues from the Fedspeak later on Monday.

Gold eyes acceptance above $5,000, kicking off a big week

Gold is consolidating the latest uptick at around the $5,000 mark, with buyers gathering pace for a sustained uptrend as a critical week kicks off. All eyes remain on the delayed Nonfarm Payrolls and Consumer Price Index data from the United States due on Wednesday and Friday, respectively.

Top Crypto Gainers: Aster, Decred, and Kaspa rise as selling pressure wanes

Altcoins such as Aster, Decred, and Kaspa are leading the broader cryptocurrency market recovery over the last 24 hours, as Bitcoin holds above $70,000 on Monday, up from the $60,000 dip on Thursday.

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.