FX-Strategy 8 Apr 2024

Published at: April 8, 2024 3:08 AM

In the G10 FX Market, SEK and AUD are the top gainers today, up 0.05% and 0.02% versus the dollar while CHF and NOK are the top losers, down -0.16% and -0.16% versus the dollar, respectively. In the Asian equities, markets were trading mixed today. The Hang Seng was trading at 16746.75, up 0.2%. The Nikkei 225 was trading at 39364.0, down -0.06%. In the European equities, indices were trading weak today. The CAC 40 was trading at 8075.6499, down -0.0%. The FTSE 100 was trading at 7926.4502, down -0.09%. The DAX 30 was trading at 18245.6992, down -0.04%. Looking at Equity Futures so far,The SP500 Futures was trading at 5202.0, down -0.25%. In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 84.983, down -0.41%. The Brent Crude Futures was trading at 89.26, down -1.42%.

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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 1.086 for 1.0803

Short-term view: EURUSD resistance comes in at 1.086 MACD and RSI have a bearish bias. Hence, we see a dip to 1.0803 enter at 1.0841. Above 1.086 to open 1.0882

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.2666 for 1.2592

Short-term view: GBPUSD resistance comes in at 1.2666 MACD and RSI have a bearish bias. Hence, we see a dip to 1.2592 enter at 1.2642. Above 1.2666 to open 1.2695

USDJPY Chart (Two-week)

Strategy: Support at 151.4 for 152.34

Short-term view: USDJPY support comes in at 151.4 MACD and RSI have a bullish bias. Hence, we see a bounce to 152.34 enter at 151.71. Below 151.4 to open 151.04

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6599 for 0.6554

Short-term view: AUDUSD resistance comes in at 0.6599 MACD and RSI have a bearish bias. Hence, we see a dip to 0.6554 enter at 0.6584. Above 0.6599 to open 0.662

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