The upside prevails.


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

Pivot (invalidation): 1.0010

Our preference
Long positions above 1.0010 with targets at 1.0035 & 1.0050 in extension.

Alternative scenario
Below 1.0010 look for further downside with 0.9990 & 0.9975 as targets.

The RSI is above its neutrality area at 50%.





Pivot (invalidation): 1.3315

Our preference
Long positions above 1.3315 with targets at 1.3360 & 1.3385 in extension.

Alternative scenario
Below 1.3315 look for further downside with 1.3300 & 1.3280 as targets.

The RSI is bullish and calls for further advance.



Intraday support around 0.7150.


Pivot (invalidation): 0.7150

Our preference
Long positions above 0.7150 with targets at 0.7175 & 0.7195 in extension.

Alternative scenario
Below 0.7150 look for further downside with 0.7130 & 0.7110 as targets.

The RSI lacks downward momentum.



Watch 5.6280.


Pivot (invalidation): 5.7000

Our preference
Short positions below 5.7000 with targets at 5.6520 & 5.6280 in extension.

Alternative scenario
Above 5.7000 look for further upside with 5.7200 & 5.7400 as targets.

The RSI calls for a new downleg.

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 bouncing modestly on disappointing US Consumer Confidence

The shared currency remains pressured by the idea that the ECB will come out with massive stimulus measures in September. US Michigan Consumer Confidence down to 92.1 brakes dollar's gains.


GBP/USD retreats sharply after approaching 1.2200

The GBP/USD pair came under selling pressure after flirting with weekly highs, as a dismal US confidence report brought back risk-off. GBP/USD still up for the week and above the critical 1.2100 level.


USD/JPY: Greenback makes modest progress against Yen, near 106.30

The demand for Yen as a safe-haven currency has been weak in the last three days. The levels to beat for bulls are at the 106.30 and 106.55 resistances.


Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more

Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News