FX-Strategy 14 Aug 2024

Published at: August 14, 2024 3:08 AM

In the G10 FX Market, SEK and NOK are the top gainers today, up 0.09% and 0.02% versus the dollar while NZD and JPY are the top losers, down -1.03% and -0.31% versus the dollar, respectively. In the Asian equities, markets were trading weaker today. The Nikkei 225 was trading at 36412.5, down -0.43%. The Hang Seng was trading at 17097.0, down -1.05%. In the European equities, indices were trading firm today. The FTSE 100 was trading at 8303.7002, up 0.57%. The CAC 40 was trading at 7330.8999, up 0.43%. The DAX 30 was trading at 17880.4492, up 0.15%. Looking at Equity Futures so far,The SP500 Futures was trading at 5441.7998, up 0.09%. In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 80.645, up 0.17%. The WTI Crude Futures was trading at 77.295, up 0.05%.

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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 1.097 for 1.1025

Short-term view: EURUSD support comes in at 1.097 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.1025 enter at 1.0988. Below 1.097 to open 1.0939

GBPUSD Chart (Two-week)

Strategy: Support at 1.2792 for 1.2904

Short-term view: GBPUSD support comes in at 1.2792 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.2904 enter at 1.2829. Below 1.2792 to open 1.2721

USDJPY Chart (Two-week)

Strategy: Resistance at 147.66 for 146.31

Short-term view: USDJPY resistance comes in at 147.66 MACD and RSI have a bearish bias. Hence, we see a dip to 146.31 enter at 147.27. Above 147.66 to open 148.48

AUDUSD Chart (Two-week)

Strategy: Support at 0.6617 for 0.6655

Short-term view: AUDUSD support comes in at 0.6617 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.6655 enter at 0.663. Below 0.6617 to open 0.6596

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