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 15 Feb 2024

Published at: February 15, 2024 2:08 AM

In the G10 FX Market, JPY and CHF are the top gainers today, up 0.31% and 0.14% versus the dollar while USD and NOK are the top losers. In the Asian equities, markets were trading stronger today. The Hang Seng was trading at 15961.0, up 0.33%. The Nikkei 225 was trading at 38175.5, up 0.13%. 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 5006.25, up 0.07%. In the Energy space, Oil futures were trading weaker today. The Brent Crude Futures was trading at 80.998, down -0.13%. The WTI Crude Futures was trading at 76.157, down -0.15%.

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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 1.0704 for 1.0759

Short-term view: EURUSD support comes in at 1.0704 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.0759 enter at 1.0722. Below 1.0704 to open 1.068

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.2607 for 1.2531

Short-term view: GBPUSD MACD and RSI are flat but resistance comes in at 1.2607 and we see a dip to 1.2531 enter at 1.2582. Above 1.2607 to open 1.2647

USDJPY Chart (Two-week)

Strategy: Resistance at 150.58 for 149.86

Short-term view: USDJPY resistance comes in at 150.58 MACD and RSI have a bearish bias. Hence, we see a dip to 149.86 enter at 150.34. Above 150.58 to open 150.81

AUDUSD Chart (Two-week)

Strategy: Support at 0.6478 for 0.6509

Short-term view: AUDUSD support comes in at 0.6478 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.6509 enter at 0.6488. Below 0.6478 to open 0.646

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