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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