FX-Strategy 13 Feb 2024

Published at: February 13, 2024 2:08 AM

In the G10 FX Market, USD and EUR are the top gainers today while NZD and AUD are the top losers, down -0.36% and -0.18% versus the dollar, respectively. In the Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 38300.0, up 2.3%. 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 5023.5498, up 0.07%. In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures was trading at 77.13, up 0.43%. The Brent Crude Futures was trading at 81.977, up 0.32%.

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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 1.08 for 1.075

Short-term view: EURUSD resistance comes in at 1.08 MACD and RSI have a bearish bias. Hence, we see a dip to 1.075 enter at 1.0784. Above 1.08 to open 1.0828

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.2653 for 1.2581

Short-term view: GBPUSD resistance comes in at 1.2653 MACD and RSI have a bearish bias. Hence, we see a dip to 1.2581 enter at 1.2629. Above 1.2653 to open 1.2678

USDJPY Chart (Two-week)

Strategy: Resistance at 149.81 for 149.03

Short-term view: USDJPY MACD and RSI are flat but resistance comes in at 149.81 and we see a dip to 149.03 enter at 149.55. Above 149.81 to open 150.13

AUDUSD Chart (Two-week)

Strategy: Support at 0.6498 for 0.6545

Short-term view: AUDUSD MACD and RSI are flat but support comes in at 0.6498 and we see a rise to 0.6545 enter at 0.6514. Below 0.6498 to open 0.6484

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