Trader, analyst and instructor with a 6-year experience

Danske Bank: trade signals for August 5

Open positions:

EUR/USD: Hold SHORT at 1.0949, TAKE PROFIT 1.0809, STOP LOSS 1.0965 (revised)

USD/JPY: Hold LONG at 124.10, TAKE PROFIT 125.38, STOP LOSS 123.49

GBP/USD: Hold LONG at 1.5510, TAKE PROFIT 1.5701, STOP LOSS 1.5515

USD/CHF: Hold LONG at 0.9665, TAKE PROFIT 0.9863, STOP LOSS 0.9680 (revised)

EUR/CHF: Hold LONG at 1.0635, TAKE PROFIT 1.0732, STOP LOSS 1.0588

GBP/JPY: Hold LONG at 193.85, TAKE PROFIT 196.55, STOP LOSS 192.48

NZD/USD: Hold SHORT at 0.6605, TAKE PROFIT 0.6459, STOP LOSS 0.6675

Trade ideas:

USD/CAD: BUY at 1.3062, TAKE PROFIT 1.3337, STOP LOSS 1.2972

EUR/JPY: Possibly SELL

EUR/GBP: Possibly SELL

EUR/CAD: Possibly BUY

AUD/USD: Possibly BUY


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

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