FX-Strategy 21 Dec 2023

Published at: December 21, 2023 2:08 AM

In the G10 FX Market, JPY and AUD are the top gainers today, up 0.3% and 0.23% versus the dollar while NOK and GBP are the top losers, down -0.06% and -0.02% versus the dollar, respectively. In the Asian equities, markets were trading firm today. The Hang Seng was trading at 16618.0, up 0.8%. The Nikkei 225 was trading at 33213.0, up 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 4720.3501, up 0.16%. In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures was trading at 74.088, up 0.58%. The Brent Crude Futures was trading at 79.527, up 0.46%.

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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 1.0975 for 1.092

Short-term view: EURUSD resistance comes in at 1.0975 MACD and RSI have a bearish bias. Hence, we see a dip to 1.092 enter at 1.0957. Above 1.0975 to open 1.1008

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.2666 for 1.2598

Short-term view: GBPUSD resistance comes in at 1.2666 MACD and RSI have a bearish bias. Hence, we see a dip to 1.2598 enter at 1.2644. Above 1.2666 to open 1.2707

USDJPY Chart (Two-week)

Strategy: Resistance at 143.65 for 142.81

Short-term view: USDJPY resistance comes in at 143.65 MACD and RSI have a bearish bias. Hence, we see a dip to 142.81 enter at 143.37. Above 143.65 to open 144.03

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6765 for 0.671

Short-term view: AUDUSD resistance comes in at 0.6765 MACD and RSI have a bearish bias. Hence, we see a dip to 0.671 enter at 0.6747. Above 0.6765 to open 0.6799

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