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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