FX-Strategy 10 Apr 2024

Published at: April 10, 2024 3:08 AM

In the G10 FX Market, NZD and CAD are the top gainers today, up 0.16% and 0.06% versus the dollar while AUD and NOK are the top losers, down -0.06% and -0.05% versus the dollar, respectively. In the Asian equities, markets were trading mixed today. The Hang Seng was trading at 17126.25, up 1.39%. The Nikkei 225 was trading at 39559.0, down -0.15%. In the European equities, indices were trading firm today. The DAX 30 was trading at 18232.8008, up 0.12%. The FTSE 100 was trading at 7998.4502, up 0.25%. The CAC 40 was trading at 8099.0498, up 0.17%. Looking at Equity Futures so far,The SP500 Futures was trading at 5220.8496, up 0.04%. In the Energy space, Oil futures were trading firm today. The WTI Crude Futures was trading at 84.887, up 0.23%. The Brent Crude Futures was trading at 89.214, up 0.14%.

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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 1.0879 for 1.0826

Short-term view: EURUSD resistance comes in at 1.0879 MACD and RSI have a bearish bias. Hence, we see a dip to 1.0826 enter at 1.0862. Above 1.0879 to open 1.0901

GBPUSD Chart (Two-week)

Strategy: Support at 1.2648 for 1.2708

Short-term view: GBPUSD MACD and RSI are flat but support comes in at 1.2648 and we see a rise to 1.2708 enter at 1.2668. Below 1.2648 to open 1.2618

USDJPY Chart (Two-week)

Strategy: Resistance at 152.13 for 151.4

Short-term view: USDJPY resistance comes in at 152.13 MACD and RSI have a bearish bias. Hence, we see a dip to 151.4 enter at 151.89. Above 152.13 to open 152.32

AUDUSD Chart (Two-week)

Strategy: Support at 0.6603 for 0.6649

Short-term view: AUDUSD MACD and RSI are flat but support comes in at 0.6603 and we see a rise to 0.6649 enter at 0.6618. Below 0.6603 to open 0.6578

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