FX-Strategy 30 Aug 2024

Published at: August 30, 2024 3:08 AM

In the G10 FX Market, NOK and AUD are the top gainers today, up 0.05% and 0.03% versus the dollar while CHF and NZD are the top losers, down -0.14% and -0.08% versus the dollar, respectively. In the Asian equities, markets were trading firm today. The Hang Seng was trading at 18127.0, up 1.75%. The Nikkei 225 was trading at 38681.0, up 0.62%. In the European equities, indices were trading stronger today. The DAX 30 was trading at 18884.5, up 0.12%. The FTSE 100 was trading at 8420.9492, up 0.13%. The CAC 40 was trading at 7645.5, up 0.05%. Looking at Equity Futures so far,The SP500 Futures was trading at 5611.4004, up 0.17%. In the Energy space, Oil futures were trading firm today. The WTI Crude Futures was trading at 75.625, up 0.7%. The Brent Crude Futures was trading at 79.065, up 0.25%.

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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 1.1127 for 1.1042

Short-term view: EURUSD resistance comes in at 1.1127 MACD and RSI have a bearish bias. Hence, we see a dip to 1.1042 enter at 1.1099. Above 1.1127 to open 1.1175

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.3217 for 1.3135

Short-term view: GBPUSD resistance comes in at 1.3217 MACD and RSI have a bearish bias. Hence, we see a dip to 1.3135 enter at 1.319. Above 1.3217 to open 1.3263

USDJPY Chart (Two-week)

Strategy: Support at 144.29 for 145.62

Short-term view: USDJPY support comes in at 144.29 MACD and RSI have a bullish bias. Hence, we see a bounce to 145.62 enter at 144.73. Below 144.29 to open 143.59

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6821 for 0.6779

Short-term view: AUDUSD MACD and RSI are flat but resistance comes in at 0.6821 and we see a dip to 0.6779 enter at 0.6807. Above 0.6821 to open 0.6844

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