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 16 Feb 2024

Published at: February 16, 2024 2:08 AM

In the G10 FX Market, USD and AUD are the top gainers today while NOK and SEK are the top losers, down -0.28% and -0.22% versus the dollar, respectively. In the Asian equities, markets were trading mixed today. The Hang Seng was trading at 16339.0, up 2.21%. The Nikkei 225 was trading at 38636.5, down -0.03%. 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 5030.2002, down -0.05%. In the Energy space, Oil futures were trading weak today. The Brent Crude Futures was trading at 82.297, down -0.03%. The WTI Crude Futures was trading at 77.59, down -0.06%.

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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 1.0737 for 1.0797

Short-term view: EURUSD support comes in at 1.0737 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.0797 enter at 1.0757. Below 1.0737 to open 1.0701

GBPUSD Chart (Two-week)

Strategy: Support at 1.256 for 1.2621

Short-term view: GBPUSD support comes in at 1.256 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.2621 enter at 1.258. Below 1.256 to open 1.2521

USDJPY Chart (Two-week)

Strategy: Resistance at 150.49 for 149.46

Short-term view: USDJPY resistance comes in at 150.49 MACD and RSI have a bearish bias. Hence, we see a dip to 149.46 enter at 150.25. Above 150.49 to open 151.05

AUDUSD Chart (Two-week)

Strategy: Support at 0.6492 for 0.6544

Short-term view: AUDUSD support comes in at 0.6492 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.6544 enter at 0.6509. Below 0.6492 to open 0.6459

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