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 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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