Currency Analyst since 2010

Danske Bank: trade signals for August 10

Open positions:

USD/JPY: Hold LONG at 124.10, TAKE PROFIT 125.86 (revised), STOP LOSS 123.99

USD/CHF: Hold LONG at 0.9665, TAKE PROFIT 0.9884, STOP LOSS 0.9755

EUR/CHF: Hold LONG at 1.0635, TAKE PROFIT 1.0900 (revised), STOP LOSS 1.0669

USD/CAD: Hold LONG at 1.3062, TAKE PROFIT 1.3337, STOP LOSS 1.2940

Trade ideas:

EUR/USD: Possibly BUY

GBP/USD: BUY lower

AUD/USD:  BUY at 0.7360, TAKE PROFIT 0.7533, STOP at 0.7310

NZD/USD: Possibly buy

EUR/GBP: SELL at 0.7122, TAKE PROFIT 0.6894, STOP at 0.7181

EUR/JPY: Possibly BUY

GBP/JPY: Look for the opportunities to BUY on the dips

EUR/CAD: Possibly BUY


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

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