FX-Strategy 17 Apr 2024

Published at: April 17, 2024 3:08 AM

In the G10 FX Market, NZD and GBP are the top gainers today, up 0.47% and 0.33% versus the dollar while EUR and USD are the top losers. In the Asian equities, markets were trading weak today. The Hang Seng was trading at 16171.0, down -0.25%. The Nikkei 225 was trading at 37908.5, down -1.9%. In the European equities, indices were trading mixed today. The DAX 30 was trading at 17814.0, up 0.01%. The CAC 40 was trading at 7964.7998, down -0.08%. The FTSE 100 was trading at 7814.5, down -0.32%. Looking at Equity Futures so far,The SP500 Futures was trading at 5049.7998, down -0.37%. In the Energy space, Oil futures were trading weak today. The Brent Crude Futures was trading at 89.063, down -0.33%. The WTI Crude Futures was trading at 84.4, down -0.59%.

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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 1.0648 for 1.0596

Short-term view: EURUSD MACD and RSI are flat but resistance comes in at 1.0648 and we see a dip to 1.0596 enter at 1.0631. Above 1.0648 to open 1.0677

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.2501 for 1.2435

Short-term view: GBPUSD MACD and RSI are flat but resistance comes in at 1.2501 and we see a dip to 1.2435 enter at 1.2479. Above 1.2501 to open 1.253

USDJPY Chart (Two-week)

Strategy: Support at 154.16 for 155.04

Short-term view: USDJPY MACD and RSI are flat but support comes in at 154.16 and we see a rise to 155.04 enter at 154.45. Below 154.16 to open 153.59

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6434 for 0.6379

Short-term view: AUDUSD MACD and RSI are flat but resistance comes in at 0.6434 and we see a dip to 0.6379 enter at 0.6421. Above 0.6434 to open 0.6467

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