FX-Strategy 26 Aug 2024

In the G10 FX Market, JPY and CHF are the top gainers today, up 0.41% and 0.11% versus the dollar while NZD and AUD are the top losers, down -0.34% and -0.28% versus the dollar, respectively. In the Asian equities, markets were trading mixed today. The Hang Seng was trading at 17810.5, up 0.44%. The Nikkei 225 was trading at 37995.5, down -0.23%. In the European equities, indices were trading weaker today. The CAC 40 was trading at 7569.5, down -0.16%. The DAX 30 was trading at 18583.0996, down -0.26%. The FTSE 100 was trading at nan, flat nan%. Looking at Equity Futures so far,The SP500 Futures was trading at 5638.6499, up 0.09%. In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 78.84, up 0.71%. The WTI Crude Futures was trading at 75.235, up 0.17%.

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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 1.1167 for 1.1228

Short-term view: EURUSD support comes in at 1.1167 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.1228 enter at 1.1187. Below 1.1167 to open 1.1132

GBPUSD Chart (Two-week)

Strategy: Support at 1.3179 for 1.327

Short-term view: GBPUSD support comes in at 1.3179 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.327 enter at 1.3209. Below 1.3179 to open 1.3128

USDJPY Chart (Two-week)

Strategy: Resistance at 144.97 for 143.46

Short-term view: USDJPY resistance comes in at 144.97 MACD and RSI have a bearish bias. Hence, we see a dip to 143.46 enter at 144.47. Above 144.97 to open 145.89

AUDUSD Chart (Two-week)

Strategy: Support at 0.6766 for 0.683

Short-term view: AUDUSD support comes in at 0.6766 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.683 enter at 0.6779. Below 0.6766 to open 0.6733