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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