FX-Strategy 12 Apr 2024

Published at: April 12, 2024 3:08 AM

In the G10 FX Market, JPY and USD are the top gainers today while SEK and NOK are the top losers, down -0.69% and -0.48% versus the dollar, respectively. In the Asian equities, markets were trading weaker today. The Nikkei 225 was trading at 39611.5, down -0.31%. The Hang Seng was trading at 16720.0, down -1.47%. In the European equities, indices were trading stronger today. The DAX 30 was trading at 18157.5996, up 0.32%. The FTSE 100 was trading at 7982.3999, up 0.27%. The CAC 40 was trading at 8090.3999, up 0.2%. Looking at Equity Futures so far,The SP500 Futures was trading at 5205.0, up 0.04%. In the Energy space, Oil futures were trading firm today. The WTI Crude Futures was trading at 85.305, up 0.42%. The Brent Crude Futures was trading at 89.912, up 0.29%.

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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 1.0727 for 1.0641

Short-term view: EURUSD MACD and RSI are flat but resistance comes in at 1.0727 and we see a dip to 1.0641 enter at 1.0699. Above 1.0727 to open 1.0755

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.2548 for 1.248

Short-term view: GBPUSD MACD and RSI are flat but resistance comes in at 1.2548 and we see a dip to 1.248 enter at 1.2526. Above 1.2548 to open 1.2584

USDJPY Chart (Two-week)

Strategy: Resistance at 153.48 for 152.92

Short-term view: USDJPY MACD and RSI are flat but resistance comes in at 153.48 and we see a dip to 152.92 enter at 153.3. Above 153.48 to open 153.68

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6531 for 0.648

Short-term view: AUDUSD MACD and RSI are flat but resistance comes in at 0.6531 and we see a dip to 0.648 enter at 0.6516. Above 0.6531 to open 0.656

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