FX-Strategy 19 Feb 2024

Published at: February 19, 2024 2:08 AM

In the G10 FX Market, NZD and AUD are the top gainers today, up 0.37% and 0.2% versus the dollar while USD and CHF are the top losers. In the Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 38510.5, up 0.65%. The Hang Seng was trading at 16217.0, down -0.84%. 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 5012.5498, up 0.03%. In the Energy space, Oil futures were trading weaker today. The WTI Crude Futures was trading at 77.77, down -0.45%. The Brent Crude Futures was trading at 82.212, down -0.68%.

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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 1.0765 for 1.0821

Short-term view: EURUSD support comes in at 1.0765 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.0821 enter at 1.0783. Below 1.0765 to open 1.0743

GBPUSD Chart (Two-week)

Strategy: Support at 1.2592 for 1.2666

Short-term view: GBPUSD support comes in at 1.2592 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.2666 enter at 1.2616. Below 1.2592 to open 1.2559

USDJPY Chart (Two-week)

Strategy: Resistance at 150.22 for 149.4

Short-term view: USDJPY resistance comes in at 150.22 MACD and RSI have a bearish bias. Hence, we see a dip to 149.4 enter at 149.99. Above 150.22 to open 150.61

AUDUSD Chart (Two-week)

Strategy: Support at 0.6525 for 0.6573

Short-term view: AUDUSD support comes in at 0.6525 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.6573 enter at 0.6541. Below 0.6525 to open 0.6505

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