FX-Strategy 9 May 2024

Published at: May 9, 2024 3:08 AM

In the G10 FX Market, USD and CHF are the top gainers today while AUD and NZD are the top losers, down -0.18% and -0.16% versus the dollar, respectively. In the Asian equities, markets were trading mixed today. The Hang Seng was trading at 18540.0, up 0.97%. The Nikkei 225 was trading at 38052.5, down -0.58%. In the European equities, indices were trading weak today. The CAC 40 was trading at 8124.6001, down -0.15%. The FTSE 100 was trading at 8369.8496, down -0.17%. The DAX 30 was trading at 18523.8008, down -0.1%. Looking at Equity Futures so far,The SP500 Futures was trading at 5181.2002, down -0.12%. In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures was trading at 79.021, up 0.14%. The Brent Crude Futures was trading at 83.605, up 0.08%.

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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 1.0759 for 1.0714

Short-term view: EURUSD MACD and RSI are flat but resistance comes in at 1.0759 and we see a dip to 1.0714 enter at 1.0744. Above 1.0759 to open 1.077

GBPUSD Chart (Two-week)

Strategy: Support at 1.2447 for 1.2519

Short-term view: GBPUSD MACD and RSI are flat but support comes in at 1.2447 and we see a rise to 1.2519 enter at 1.2471. Below 1.2447 to open 1.2426

USDJPY Chart (Two-week)

Strategy: Support at 155.26 for 156.39

Short-term view: USDJPY MACD and RSI are flat but support comes in at 155.26 and we see a rise to 156.39 enter at 155.63. Below 155.26 to open 154.83

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6579 for 0.6537

Short-term view: AUDUSD MACD and RSI are flat but resistance comes in at 0.6579 and we see a dip to 0.6537 enter at 0.6568. Above 0.6579 to open 0.66

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