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Trader, analyst and instructor with a 6-year experience

Danske Bank: trade signals for May 8

Open positions:*

EUR/USD: Hold LONG at 1.1235, TAKE PROFIT 1.1450, STOP LOSS 1.1199

USD/CHF: Hold SHORT at 0.9445, TAKE PROFIT 0.9046, STOP LOSS 0.9284

AUD/USD: Hold LONG at 0.7950, TAKE PROFIT 0.8182, STOP LOSS 0.7850

EUR/JPY: Hold LONG at 134.85, TAKE PROFIT 136.70, STOP LOSS 134.04

EUR/CHF: Hold SHORT at 1.0350, TAKE PROFIT 1.0236, STOP LOSS 1.0407

NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7333, STOP LOSS 0.7585 (revised)

Trade ideas:

USD/JPY: BUY at 119.50, TAKE PROFIT 121.20, STOP LOSS 119.03

GBP/JPY: BUY at 182.95, TAKE PROFIT 187.30, STOP LOSS 181.70

GBP/USD: Look to BUY at 1.5345/40

USD/CAD: Possibly SELL

EUR/GBP: Possibly BUY

EUR/CAD: Possibly BUY

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*Danske Bank applies trailing stop orders (moved together with the price)

EUR
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