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 20 Feb 2024

Published at: February 20, 2024 2:08 AM

In the G10 FX Market, USD and CHF are the top gainers today while JPY and NZD are the top losers, down -0.17% and -0.16% versus the dollar, respectively. In the Asian equities, markets were trading mixed today. The Hang Seng was trading at 16202.0, up 0.06%. The Nikkei 225 was trading at 38503.0, down -0.18%. 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 4996.75, down -0.13%. In the Energy space, Oil futures were trading firm today. The WTI Crude Futures was trading at 78.292, up 0.29%. The Brent Crude Futures was trading at 82.784, up 0.05%.

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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 1.0792 for 1.075

Short-term view: EURUSD resistance comes in at 1.0792 MACD and RSI have a bearish bias. Hence, we see a dip to 1.075 enter at 1.0778. Above 1.0792 to open 1.0805

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.2623 for 1.2557

Short-term view: GBPUSD resistance comes in at 1.2623 MACD and RSI have a bearish bias. Hence, we see a dip to 1.2557 enter at 1.2601. Above 1.2623 to open 1.265

USDJPY Chart (Two-week)

Strategy: Support at 150.08 for 150.63

Short-term view: USDJPY support comes in at 150.08 MACD and RSI have a bullish bias. Hence, we see a bounce to 150.63 enter at 150.26. Below 150.08 to open 149.94

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6552 for 0.6516

Short-term view: AUDUSD resistance comes in at 0.6552 MACD and RSI have a bearish bias. Hence, we see a dip to 0.6516 enter at 0.654. Above 0.6552 to open 0.6564

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