CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.7% of retail investor accounts lose money when trading CFDs with FXDD. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FX-Strategy 12 Feb 2024

Published at: February 12, 2024 2:08 AM

In the G10 FX Market, EUR and JPY are the top gainers today, up 0.07% and 0.06% versus the dollar while NZD and AUD are the top losers, down -0.33% and -0.05% versus the dollar, respectively. In the Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 37243.5, up 0.39%. The Hang Seng was trading at nan, flat nan%. In the European equities, indices were trading mixed today. The DAX 30 was trading at nan, flat nan%. The CAC 40 was trading at nan, flat nan%. The FTSE 100 was trading at nan, flat nan%. Looking at Equity Futures so far,The SP500 Futures was trading at 5026.6499, down -0.0%. In the Energy space, Oil futures were trading mixed today. The WTI Crude Futures was trading at 76.547, up 0.18%. The Brent Crude Futures was trading at 81.608, 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: Support at 1.0766 for 1.0814

Short-term view: EURUSD support comes in at 1.0766 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.0814 enter at 1.0782. Below 1.0766 to open 1.0748

GBPUSD Chart (Two-week)

Strategy: Support at 1.2605 for 1.2668

Short-term view: GBPUSD support comes in at 1.2605 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.2668 enter at 1.2626. Below 1.2605 to open 1.258

USDJPY Chart (Two-week)

Strategy: Resistance at 149.56 for 148.72

Short-term view: USDJPY MACD and RSI are flat but resistance comes in at 149.56 and we see a dip to 148.72 enter at 149.28. Above 149.56 to open 149.85

AUDUSD Chart (Two-week)

Strategy: Support at 0.6497 for 0.6543

Short-term view: AUDUSD support comes in at 0.6497 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.6543 enter at 0.6512. Below 0.6497 to open 0.6468

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