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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