FX-Strategy 28 Aug 2024

Published at: August 28, 2024 3:08 AM

In the G10 FX Market, AUD and USD are the top gainers today while NOK and JPY are the top losers, down -0.37% and -0.36% versus the dollar, respectively. In the Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 38367.0, up 0.36%. The Hang Seng was trading at 17709.0, down -0.82%. In the European equities, indices were trading firm today. The DAX 30 was trading at 18722.75, up 0.1%. The FTSE 100 was trading at 8374.5, up 0.2%. The CAC 40 was trading at 7586.5498, up 0.11%. Looking at Equity Futures so far,The SP500 Futures was trading at 5633.5498, up 0.18%. In the Energy space, Oil futures were trading weaker today. The WTI Crude Futures was trading at 75.16, down -0.28%. The Brent Crude Futures was trading at 78.67, down -0.28%.

Download intraday historical Forex data in CSV files for free at TraderMade

European Equities Daily Chart (1-month)

Daily FX Pivots

Brent Crude Daily Chart (1-month)

Forex Chart and Technical Analysis

EURUSD Chart (Two-week)

Strategy: Resistance at 1.1175 for 1.1119

Short-term view: EURUSD resistance comes in at 1.1175 MACD and RSI have a bearish bias. Hence, we see a dip to 1.1119 enter at 1.1157. Above 1.1175 to open 1.12

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.3292 for 1.315

Short-term view: GBPUSD MACD and RSI are flat but resistance comes in at 1.3292 and we see a dip to 1.315 enter at 1.3245. Above 1.3292 to open 1.3322

USDJPY Chart (Two-week)

Strategy: Resistance at 144.78 for 143.52

Short-term view: USDJPY MACD and RSI are flat but resistance comes in at 144.78 and we see a dip to 143.52 enter at 144.47. Above 144.78 to open 145.61

AUDUSD Chart (Two-week)

Strategy: Support at 0.6783 for 0.6805

Short-term view: AUDUSD MACD and RSI are flat but support comes in at 0.6783 and we see a rise to 0.6805 enter at 0.679. Below 0.6783 to open 0.6771

    Recent Awards

    • awards
      Forex Traders Summit
      2023
      Best Customer Service Broker
    • awards
      Dubai Forex Expo
      2023
      Best FX Provider MENA
    • awards
      Forex Ratings
      2023
      Most Transparent Broker - Europe
    • awards
      Dubai Forex Expo
      2021
      Most Reputable Forex Broker 2021

    Payment options

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.7% of retail investor accounts lose money when trading CFDs with FXDD. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

    FXDD provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FXDD specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FXDD expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

    Some of the products may go down as well as up and may be affected by changes in currency exchange rates.

    ©2002 - 2024 FXDD This website is operated and owned by FXDD Mauritius only.