FX-Strategy 10 Jul 2024

Published at: July 10, 2024 3:08 AM

In the G10 FX Market, CHF and EUR are the top gainers today, up 0.05% and 0.05% versus the dollar while NZD and NOK are the top losers, down -0.63% and -0.34% versus the dollar, respectively. In the Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 41938.0, up 1.05%. The Hang Seng was trading at 17470.0, down -0.6%. In the European equities, indices were trading stronger today. The CAC 40 was trading at 7522.2998, up 0.25%. The DAX 30 was trading at 18268.4004, up 0.08%. The FTSE 100 was trading at 8162.5, up 0.05%. Looking at Equity Futures so far,The SP500 Futures was trading at 5585.3501, down -0.01%. In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 80.285, down -0.91%. The Brent Crude Futures was trading at 83.75, down -1.1%.

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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 1.0846 for 1.0802

Short-term view: EURUSD resistance comes in at 1.0846 MACD and RSI have a bearish bias. Hence, we see a dip to 1.0802 enter at 1.0831. Above 1.0846 to open 1.0858

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.2815 for 1.2768

Short-term view: GBPUSD resistance comes in at 1.2815 MACD and RSI have a bearish bias. Hence, we see a dip to 1.2768 enter at 1.2799. Above 1.2815 to open 1.2844

USDJPY Chart (Two-week)

Strategy: Support at 160.86 for 161.98

Short-term view: USDJPY support comes in at 160.86 MACD and RSI have a bullish bias. Hence, we see a bounce to 161.98 enter at 161.23. Below 160.86 to open 160.4

AUDUSD Chart (Two-week)

Strategy: Support at 0.6727 for 0.6761

Short-term view: AUDUSD MACD and RSI are flat but support comes in at 0.6727 and we see a rise to 0.6761 enter at 0.6738. Below 0.6727 to open 0.6714

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