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 21 Feb 2024

Published at: February 21, 2024 2:08 AM

In the G10 FX Market, NZD and AUD are the top gainers today, up 0.32% and 0.17% versus the dollar while USD and JPY are the top losers. In the Asian equities, markets were trading firm today. The Hang Seng was trading at 16604.0, up 2.6%. The Nikkei 225 was trading at 38326.0, up 0.14%. 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 4975.9502, down -0.01%. In the Energy space, Oil futures were trading mixed today. The Brent Crude Futures was trading at 81.908, up 0.06%. The WTI Crude Futures was trading at 77.152, down -0.01%.

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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 1.0767 for 1.0844

Short-term view: EURUSD support comes in at 1.0767 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.0844 enter at 1.0792. Below 1.0767 to open 1.0726

GBPUSD Chart (Two-week)

Strategy: Support at 1.2579 for 1.2668

Short-term view: GBPUSD support comes in at 1.2579 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.2668 enter at 1.2608. Below 1.2579 to open 1.2534

USDJPY Chart (Two-week)

Strategy: Resistance at 150.4 for 149.64

Short-term view: USDJPY resistance comes in at 150.4 MACD and RSI have a bearish bias. Hence, we see a dip to 149.64 enter at 150.15. Above 150.4 to open 150.8

AUDUSD Chart (Two-week)

Strategy: Support at 0.655 for 0.6578

Short-term view: AUDUSD MACD and RSI are flat but support comes in at 0.655 and we see a rise to 0.6578 enter at 0.6559. Below 0.655 to open 0.6521

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