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 14 Feb 2024

Published at: February 14, 2024 2:08 AM

In the G10 FX Market, NZD and AUD are the top gainers today, up 0.35% and 0.32% versus the dollar while EUR and USD are the top losers. In the Asian equities, markets were trading weak today. The Nikkei 225 was trading at 37708.5, down -0.05%. The Hang Seng was trading at 15885.0, 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 4958.9502, up 0.05%. In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 77.419, down -0.02%. The Brent Crude Futures was trading at 82.187, down -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: Resistance at 1.0737 for 1.0674

Short-term view: EURUSD resistance comes in at 1.0737 MACD and RSI have a bearish bias. Hence, we see a dip to 1.0674 enter at 1.0719. Above 1.0737 to open 1.0773

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.2666 for 1.2547

Short-term view: GBPUSD resistance comes in at 1.2666 MACD and RSI have a bearish bias. Hence, we see a dip to 1.2547 enter at 1.2627. Above 1.2666 to open 1.2738

USDJPY Chart (Two-week)

Strategy: Support at 149.72 for 151.38

Short-term view: USDJPY support comes in at 149.72 MACD and RSI have a bullish bias. Hence, we see a bounce to 151.38 enter at 150.27. Below 149.72 to open 148.64

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6515 for 0.6418

Short-term view: AUDUSD resistance comes in at 0.6515 MACD and RSI have a bearish bias. Hence, we see a dip to 0.6418 enter at 0.6483. Above 0.6515 to open 0.6576

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