FX-Strategy 2 Sep 2024

In the G10 FX Market, AUD and SEK are the top gainers today, up 0.2% and 0.18% versus the dollar while NZD and CAD are the top losers, down -0.19% and -0.01% versus the dollar, respectively. In the Asian equities, markets were trading weak today. The Hang Seng was trading at 17663.5, down -1.17%. The Nikkei 225 was trading at 38706.5, down -0.96%. In the European equities, indices were trading weaker today. The CAC 40 was trading at 7635.3999, down -0.17%. The FTSE 100 was trading at 8392.3008, down -0.21%. The DAX 30 was trading at 18921.0996, down -0.13%. Looking at Equity Futures so far,The SP500 Futures was trading at 5640.25, down -0.04%. In the Energy space, Oil futures were trading mixed today. The WTI Crude Futures was trading at 72.65, up 0.17%. The Brent Crude Futures was trading at 76.235, down -0.89%.

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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 1.103 for 1.1114

Short-term view: EURUSD MACD and RSI are flat but support comes in at 1.103 and we see a rise to 1.1114 enter at 1.1058. Below 1.103 to open 1.1011

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.3183 for 1.3093

Short-term view: GBPUSD resistance comes in at 1.3183 MACD and RSI have a bearish bias. Hence, we see a dip to 1.3093 enter at 1.3153. Above 1.3183 to open 1.3237

USDJPY Chart (Two-week)

Strategy: Support at 145.7 for 146.75

Short-term view: USDJPY support comes in at 145.7 MACD and RSI have a bullish bias. Hence, we see a bounce to 146.75 enter at 146.05. Below 145.7 to open 145.16

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6804 for 0.6739

Short-term view: AUDUSD resistance comes in at 0.6804 MACD and RSI have a bearish bias. Hence, we see a dip to 0.6739 enter at 0.6783. Above 0.6804 to open 0.6843