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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