FX-Strategy 11 Jul 2024

Published at: July 11, 2024 3:08 AM

In the G10 FX Market, NZD and AUD are the top gainers today, up 0.18% and 0.14% versus the dollar while CAD and CHF are the top losers, down -0.05% and -0.02% versus the dollar, respectively. In the Asian equities, markets were trading mixed today. The Hang Seng was trading at 17802.0, up 1.4%. The Nikkei 225 was trading at 42389.5, down -0.07%. In the European equities, indices were trading stronger today. The DAX 30 was trading at 18469.25, up 0.1%. The CAC 40 was trading at 7598.8999, up 0.08%. The FTSE 100 was trading at 8210.5, up 0.05%. Looking at Equity Futures so far,The SP500 Futures was trading at 5637.7002, up 0.02%. In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 85.225, up 0.29%. The WTI Crude Futures was trading at 81.835, up 0.28%.

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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: Support at 1.0817 for 1.0857

Short-term view: EURUSD support comes in at 1.0817 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.0857 enter at 1.083. Below 1.0817 to open 1.0804

GBPUSD Chart (Two-week)

Strategy: Support at 1.2827 for 1.2892

Short-term view: GBPUSD support comes in at 1.2827 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.2892 enter at 1.2848. Below 1.2827 to open 1.2805

USDJPY Chart (Two-week)

Strategy: Support at 161.37 for 162.13

Short-term view: USDJPY MACD and RSI are flat but support comes in at 161.37 and we see a rise to 162.13 enter at 161.62. Below 161.37 to open 161.05

AUDUSD Chart (Two-week)

Strategy: Support at 0.6744 for 0.6776

Short-term view: AUDUSD support comes in at 0.6744 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.6776 enter at 0.6755. Below 0.6744 to open 0.6736

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