EUR/USD

Turning down.

EURUSD


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


Pivot (invalidation): 1.1320

Our preference
Short positions below 1.1320 with targets at 1.1280 & 1.1260 in extension.

Alternative scenario
Above 1.1320 look for further upside with 1.1340 & 1.1360 as targets.

Comment
The RSI calls for a new downleg.

 

GBP/USD

Turning down.

GBPUSD

Pivot (invalidation): 1.3120

Our preference
Short positions below 1.3120 with targets at 1.3065 & 1.3050 in extension.

Alternative scenario
Above 1.3120 look for further upside with 1.3135 & 1.3150 as targets.

Comment
The RSI shows downside momentum.

 

USD/JPY

Limited upside.

USDJPY

Pivot (invalidation): 111.85

Our preference
Long positions above 111.85 with targets at 112.10 & 112.25 in extension.

Alternative scenario
Below 111.85 look for further downside with 111.65 & 111.50 as targets.

Comment
A support base at 111.85 has formed and has allowed for a temporary stabilisation.

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 nears 1.1100 ahead of the close

The EUR/USD pair is at daily lows after US and Chinese authorities confirmed phase one on a trade deal agreed. Some tariffs will be rolled back as China agreed on “massive purchases” of US goods, according to President Trump.

EUR/USD News

GBP/USD extends corrective decline to 1.3330 region

The GBP/USD pair continues shedding part of its post-UK election’s gains, although at levels last seen several months ago. Hopes that PM Johnson will pass his Brexit deal through Parliament will keep the Sterling on the winning side.

GBP/USD News

Financial Big Brother is coming, but Bitcoin will remain

Central banks move quickly looking to oversight all payments. Greece could impose sanctions if digital means are not used in at least 30% of payments. Once inside the crypto ecosystem, governments have little capacity for financial censorship.

Read more

Gold: Steadily climbs to session tops, upside seems limited

Gold extended the overnight rejection slide from 100-day SMA resistance and witnessed some follow-through selling during the Asian session on Friday.

Gold News

GBP/USD extends corrective decline to 1.3330 region

The GBP/USD pair continues shedding part of its post-UK election’s gains, although at levels last seen several months ago. Hopes that PM Johnson will pass his Brexit deal through Parliament will keep the Sterling on the winning side.

GBP/USD News

Forex Majors

Cryptocurrencies

Signatures