FX-Strategy 30 Aug 2024

Published at: August 30, 2024 5:08 PM

In the G10 FX Market, NOK and AUD are the top gainers today, up 0.05% and 0.03% versus the dollar while CHF and NZD are the top losers, down -0.14% and -0.08% versus the dollar, respectively. In the Asian equities, markets were trading firm today. The Hang Seng was trading at 18127.0, up 1.75%. The Nikkei 225 was trading at 38681.0, up 0.62%. In the European equities, indices were trading stronger today. The DAX 30 was trading at 18884.5, up 0.12%. The FTSE 100 was trading at 8420.9492, up 0.13%. The CAC 40 was trading at 7645.5, up 0.05%. Looking at Equity Futures so far,The SP500 Futures was trading at 5611.4004, up 0.17%. In the Energy space, Oil futures were trading firm today. The WTI Crude Futures was trading at 75.625, up 0.7%. The Brent Crude Futures was trading at 79.065, up 0.25%.

Download intraday historical Forex data in CSV files for free at TraderMade

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: Resistance at 1.1127 for 1.1042

Short-term view: EURUSD resistance comes in at 1.1127 MACD and RSI have a bearish bias. Hence, we see a dip to 1.1042 enter at 1.1099. Above 1.1127 to open 1.1175

GBPUSD Chart (Two-week)

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.3217 for 1.3135

Short-term view: GBPUSD resistance comes in at 1.3217 MACD and RSI have a bearish bias. Hence, we see a dip to 1.3135 enter at 1.319. Above 1.3217 to open 1.3263

USDJPY Chart (Two-week)

USDJPY Chart (Two-week)

Strategy: Support at 144.29 for 145.62

Short-term view: USDJPY support comes in at 144.29 MACD and RSI have a bullish bias. Hence, we see a bounce to 145.62 enter at 144.73. Below 144.29 to open 143.59

AUDUSD Chart (Two-week)

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6821 for 0.6779

Short-term view: AUDUSD MACD and RSI are flat but resistance comes in at 0.6821 and we see a dip to 0.6779 enter at 0.6807. Above 0.6821 to open 0.6844

    Recent Awards

    • awards
      Forex Traders Summit
      2023
      Best Customer Service Broker
    • awards
      Dubai Forex Expo
      2023
      Best FX Provider MENA
    • awards
      Forex Ratings
      2023
      Most Transparent Broker - Europe
    • awards
      Dubai Forex Expo
      2021
      Most Reputable Forex Broker 2021

    Payment options

    Neteller Sticpay Bitcoin USDT Master Card UnionPay Skrill VISA Bank Wire

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.7% of retail investor accounts lose money when trading CFDs with FXDD. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

    FXDD provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FXDD specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FXDD expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

    Some of the products may go down as well as up and may be affected by changes in currency exchange rates.

    FXDD Trading SAC provides clients with the benefit of Negative Balance Protection at its own cost which means that any client trading losses cannot exceed the available funds in the client accounts and client account balances will never become negative.

    Disclaimer

    Information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

    We do not accept residents of American Samoa, Angola, Belarus, Bermuda, Burundi, Cameroon, Central African Republic, Chad, Congo, Congo (Democratic Republic of the), Cuba, Equatorial Guinea, Gabon, Iran (Islamic Republic of), Korea (Democratic People's Republic of), Libya, Marshall Islands, Puerto Rico, Russian Federation, Sao Tome and Principe, Sudan, Syrian Arab Republic, United States of America, Venezuela (Bolivarian Republic of), Virgin Islands (U.S.), Yemen, Zimbabwe

    ©2002 - 2024 FXDD FXDD Trading SAC (RUC NO. 20610077278) is registered in Peru and authorized to offer foreign exchange services

    Cookie policy

    We use cookies to help our site work, to understand how it is used and to improve user experience. By clicking "Accept", you agree to us doing so. You can read more in our privacy policy. Or, if you do not agree, you can click 'Manage' to access other choices.
    Accept all Advanced settings
    Privacy PolicyCompany