FX-Strategy 27 Aug 2024

Published at: August 27, 2024 5:08 PM

In the G10 FX Market, NZD and AUD are the top gainers today, up 0.27% and 0.19% versus the dollar while USD and JPY are the top losers. In the Asian equities, markets were trading stronger today. The Nikkei 225 was trading at 38285.5, up 0.6%. The Hang Seng was trading at 17841.0, up 1.04%. In the European equities, indices were trading mixed today. The DAX 30 was trading at 18647.5996, up 0.15%. The CAC 40 was trading at 7603.0, up 0.21%. The FTSE 100 was trading at 8363.0, flat nan%. Looking at Equity Futures so far,The SP500 Futures was trading at 5624.9502, up 0.1%. In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 80.29, up 0.14%. The WTI Crude Futures was trading at 76.845, up 0.14%.

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European Equities Daily Chart (1-month)

European Equities Daily Chart (1-month)

Daily FX Pivots

Daily FX Pivots

Brent Crude Daily Chart (1-month)

Brent Crude Daily Chart (1-month)

Forex Chart and Technical Analysis

EURUSD Chart (Two-week)

EURUSD Chart (Two-week)

Strategy: Support at 1.114 for 1.1192

Short-term view: EURUSD MACD and RSI are flat but support comes in at 1.114 and we see a rise to 1.1192 enter at 1.1157. Below 1.114 to open 1.112

GBPUSD Chart (Two-week)

GBPUSD Chart (Two-week)

Strategy: Support at 1.3171 for 1.3239

Short-term view: GBPUSD MACD and RSI are flat but support comes in at 1.3171 and we see a rise to 1.3239 enter at 1.3193. Below 1.3171 to open 1.3155

USDJPY Chart (Two-week)

USDJPY Chart (Two-week)

Strategy: Support at 144.21 for 144.97

Short-term view: USDJPY support comes in at 144.21 MACD and RSI have a bullish bias. Hence, we see a bounce to 144.97 enter at 144.46. Below 144.21 to open 143.77

AUDUSD Chart (Two-week)

AUDUSD Chart (Two-week)

Strategy: Support at 0.676 for 0.6809

Short-term view: AUDUSD MACD and RSI are flat but support comes in at 0.676 and we see a rise to 0.6809 enter at 0.6776. Below 0.676 to open 0.6748

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