FX-Strategy 11 Apr 2024

Published at: April 11, 2024 3:08 AM

In the G10 FX Market, NZD and AUD are the top gainers today, up 0.17% and 0.14% versus the dollar while CHF and NOK are the top losers, down -0.09% and -0.05% versus the dollar, respectively. In the Asian equities, markets were trading stronger today. The Nikkei 225 was trading at 39442.5, up 0.97%. The Hang Seng was trading at 17117.25, up 1.67%. In the European equities, indices were trading stronger today. The DAX 30 was trading at 18150.5996, up 0.08%. The CAC 40 was trading at 8052.9502, up 0.06%. The FTSE 100 was trading at 7991.6499, up 0.04%. Looking at Equity Futures so far,The SP500 Futures was trading at 5163.2002, up 0.18%. In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 85.574, down -0.05%. The Brent Crude Futures was trading at 89.97, down -0.07%.

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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 1.0779 for 1.0692

Short-term view: EURUSD resistance comes in at 1.0779 MACD and RSI have a bearish bias. Hence, we see a dip to 1.0692 enter at 1.075. Above 1.0779 to open 1.083

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.259 for 1.2471

Short-term view: GBPUSD resistance comes in at 1.259 MACD and RSI have a bearish bias. Hence, we see a dip to 1.2471 enter at 1.2551. Above 1.259 to open 1.2659

USDJPY Chart (Two-week)

Strategy: Support at 152.69 for 153.7

Short-term view: USDJPY support comes in at 152.69 MACD and RSI have a bullish bias. Hence, we see a bounce to 153.7 enter at 153.02. Below 152.69 to open 152.14

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6547 for 0.6464

Short-term view: AUDUSD resistance comes in at 0.6547 MACD and RSI have a bearish bias. Hence, we see a dip to 0.6464 enter at 0.6522. Above 0.6547 to open 0.6596

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