USD/CHF

Bullish bias above 0.9920

USDCHF

 


 

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

 


Pivot (invalidation): 0.9920

Our preference
Long positions above 0.9920 with targets at 0.9945 & 0.9960 in extension.

Alternative scenario
Below 0.9920 look for further downside with 0.9905 & 0.9885 as targets.

Comment
A support base at 0.9920 has formed and has allowed for a temporary stabilisation.

 

USD/CAD

Towards 1.3160

USDCAD

Pivot (invalidation): 1.3200

Our preference
Short positions below 1.3200 with targets at 1.3175 & 1.3160 in extension.

Alternative scenario
Above 1.3200 look for further upside with 1.3215 & 1.3230 as targets.

Comment
The RSI shows downside momentum.

 

AUD/USD

The upside prevails

AUDUSD

Pivot (invalidation): 0.6855

Our preference
Long positions above 0.6855 with targets at 0.6885 & 0.6900 in extension.

Alternative scenario
Below 0.6855 look for further downside with 0.6845 & 0.6835 as targets.

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

 

USD/TRY

Rebound expected

USDTRY

Pivot (invalidation): 5.7400

Our preference
Long positions above 5.7400 with targets at 5.7700 & 5.7910 in extension.

Alternative scenario
Below 5.7400 look for further downside with 5.7210 & 5.7000 as targets.

Comment
The RSI calls for a rebound.

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

Latest Forex Analysis

Editors’ Picks

EUR/USD tension remains elevated ahead of the Fed

EUR/USD is trading above 1.1050, in a narrow range ahead of the all-important Fed decision. Chair Powell is set to cut rates but signal no further stimulus is on the cards.

EUR/USD News

GBP/USD extends its falls to 1.2450 amid weak UK inflation, Brexit impasse

GBP/USD has dropped to around 1.2450 as UK headline CPI missed with 1.7% in August. Brexit negotiations remain stuck according to Chief EU negotiator Barnier. The Fed decision is eyed.

GBP/USD News

USD/JPY holds on to recovery gains above 108.00 ahead of Fed

Not only upbeat trade numbers from Japan but upbeat trade/political headlines also help the USD/JPY pair to remain firm around 108.20 prior to Wednesday’s European session. Focus on FOMC decision.

USD/JPY News

Forex Today: Fed set to trigger high volatility, oil falls, altcoins advance

Tension is mounting ahead of the Federal Reserve decision later today. Economists expect a 25 basis point rate cut amid slowing global growth and investment. 

Read more

Gold seesaws around $1,500 with all eyes on FOMC

With the global traders on a wait and see approach ahead of the key event, Gold offers fewer moves while taking rounds to $1,500 during Wednesday’s Asian session. Also supporting the bulls were positive statistics from the US and the Eurozone.

Gold News

Forex Majors

Cryptocurrencies

Signatures