Thu, Apr 23, 2026 12:46 GMT
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    GOLD Consolidation Pattern With Triangle

    Swissquote Bank SA

    Gold is consolidating within an symmetrical triangle. Hourly support is given at 1251 (08/08/2017 low). Stronger support lies at 1204 (10/07/2017 high). Expected to show continued consolidation below $1300.

    In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1392 (17/03/2014) is necessary ton confirm it, A major support can be found at 1045 (05/02/2010 low)

    BITCOIN Strong Recovery Bounce Continues

    Bitcoin bullish rise continues after short pause. Resistance is at all-time high at 4480 (17/08/2017 high) is within sight. Hourly support lies very far at 2403 (26/07/2017 low). The road is wide open for another bullish move.

    In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will consolidate above $1500. Long-term support is given at $1464 (04/05/2017 low).

    EUR/CHF Consolidation

    EUR/CHF recovery bounce has stalled below downtrend resistance located at 1.1407. Hourly support is located at 1.1260 (04/08/2017 low). Expected to show further consolidation.

    In the longer term, the technical structure has reversed. Strong resistance at 1.1200 (04/02/2015 high) has been broken. Yet,the ECB's QE programme is likely to cause persistent selling pressures on the euro, which should weigh on EUR/CHF. Supports can be found at 1.0184 (28/01/2015 low) and 1.0082 (27/01/2015 low).

    EUR/GBP Pullback From Bullish Rally

    EUR/GBP pulled back from highs but bullish momentum remains. Hourly resistance at 0.9415 (07/10/2017 high) has been broken. Hourly support is given at 0.9160 (16/06/2017 low). Downside risks are nonetheless important.

    In the long-term, the pair has largely recovered from recent lows in 2015. The technical structure suggests a growing upside momentum. The pair is trading above from its 200 DMA. Strong resistance can be found at 0.9500 psychological level.

    AUD/USD Bouncing.

    AUD/USD's short-term technical structure is bearish. Hourly support can be found at 0.7786 (18/07/2017 low). Hourly resistance is given at 0.8066 (27/07/2017 high). Expected to edge lower within downtrend channel.

    In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view

    USD/CAD Selling Pressure Continue

    USD/CAD selling continues. Hourly support is given at a distance at 1.2414 (27/07/2017 low). Expected to show continued short-term bearish move.

    In the longer term, the pair has broken longterm support that can be found at 1.2461 (16/03/2015 low) before bouncing back. Strong resistance is given at 1.4690 (22/01/2016 high). The pair should head further lower.

    USD/CHF Drifting

    USD/CHF recovery bounce has stalled failing to break any key levels. Higher resistance is given at 0.9771 (15/06/2017 high). Hourly support lies at at 0.9584 (08/11/2017 low). Expected to show growing upside pressures.

    In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours nonetheless a long term bullish bias since the unpeg in January 2015.

    USD/JPY Recovery Bounce

    USD/JPY has bounced strongly off support. The pair is likely to retest towards former support at 108.13 (17/04/2017 low) . Expected to show another leg lower.

    We favor a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

    GBP/USD Bearish Pause

    GBP/USD bearish momentum has stalled near key support at 1.2757. Hourly resistance is given at 1.2917 (18/08/2017 high). Hourly support at 1.2812 (12/07/2017 low) has been broken. Expected to show continued bearish pressures.

    The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

    EUR/USD Fails To Break Trend Resistance

    EUR/USD short-term bullish pressures are slowing down. Down trend resistance is located at 1.1816. Hourly resistance can be found at 1.1910 (02/08/2017 high) while hourly support lies at 1.1613 (26/07/2017 low). Expected to show renewed bearish pressures.

    In the longer term, the momentum is now turning largely positive. We favour a continued bullish bias. Key resistance holding at 1.1871 (24/08/2015 high) has been broken while strong support lies at 1.0341 (03/01/2017 low).