FX-Strategy 9 Apr 2024

Published at: April 9, 2024 3:08 AM

In the G10 FX Market, CHF and NZD are the top gainers today, up 0.12% and 0.08% versus the dollar while AUD and CAD are the top losers, down -0.05% and -0.04% versus the dollar, respectively. In the Asian equities, markets were trading stronger today. The Nikkei 225 was trading at 39766.0, up 0.61%. The Hang Seng was trading at 16857.25, up 0.42%. In the European equities, indices were trading weaker today. The FTSE 100 was trading at 7957.3501, down -0.05%. The CAC 40 was trading at 8107.5498, down -0.1%. The DAX 30 was trading at 18338.6992, down -0.09%. Looking at Equity Futures so far,The SP500 Futures was trading at 5212.25, up 0.02%. In the Energy space, Oil futures were trading weaker today. The Brent Crude Futures was trading at 90.019, down -0.07%. The WTI Crude Futures was trading at 85.872, down -0.13%.

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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 1.0833 for 1.0874

Short-term view: EURUSD support comes in at 1.0833 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.0874 enter at 1.0847. Below 1.0833 to open 1.0806

GBPUSD Chart (Two-week)

Strategy: Support at 1.2624 for 1.2695

Short-term view: GBPUSD support comes in at 1.2624 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.2695 enter at 1.2647. Below 1.2624 to open 1.2594

USDJPY Chart (Two-week)

Strategy: Support at 151.64 for 152.16

Short-term view: USDJPY support comes in at 151.64 MACD and RSI have a bullish bias. Hence, we see a bounce to 152.16 enter at 151.81. Below 151.64 to open 151.43

AUDUSD Chart (Two-week)

Strategy: Support at 0.6573 for 0.6623

Short-term view: AUDUSD support comes in at 0.6573 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.6623 enter at 0.659. Below 0.6573 to open 0.6541

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