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 22 Feb 2024

Published at: February 22, 2024 2:08 AM

In the G10 FX Market, NZD and NOK are the top gainers today, up 0.37% and 0.28% versus the dollar while JPY and USD are the top losers. In the Asian equities, markets were trading firm today. The Nikkei 225 was trading at 39134.0, up 1.82%. The Hang Seng was trading at 16617.0, up 1.11%. 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 5027.1499, up 0.34%. In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 82.467, up 0.13%. The WTI Crude Futures was trading at 78.049, up 0.11%.

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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 1.0811 for 1.0867

Short-term view: EURUSD support comes in at 1.0811 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.0867 enter at 1.0829. Below 1.0811 to open 1.0798

GBPUSD Chart (Two-week)

Strategy: Support at 1.2627 for 1.2691

Short-term view: GBPUSD support comes in at 1.2627 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.2691 enter at 1.2648. Below 1.2627 to open 1.2613

USDJPY Chart (Two-week)

Strategy: Support at 149.97 for 150.51

Short-term view: USDJPY support comes in at 149.97 MACD and RSI have a bullish bias. Hence, we see a bounce to 150.51 enter at 150.15. Below 149.97 to open 149.64

AUDUSD Chart (Two-week)

Strategy: Support at 0.6553 for 0.6593

Short-term view: AUDUSD MACD and RSI are flat but support comes in at 0.6553 and we see a rise to 0.6593 enter at 0.6566. Below 0.6553 to open 0.6533

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