FX-Strategy 6 Sep 2024

In the G10 FX Market, JPY and CHF are the top gainers today, up 0.76% and 0.28% versus the dollar while AUD and NZD are the top losers, down -0.13% and -0.07% versus the dollar, respectively. In the Asian equities, markets were trading weak today. The Nikkei 225 was trading at 36336.5, down -1.42%. The Hang Seng was trading at nan, flat nan%. In the European equities, indices were trading weak today. The FTSE 100 was trading at 8239.5, down -0.01%. The CAC 40 was trading at 7430.2002, down -0.14%. The DAX 30 was trading at 18560.8008, down -0.19%. Looking at Equity Futures so far,The SP500 Futures was trading at 5489.25, down -0.22%. In the Energy space, Oil futures were trading firm today. The Brent Crude Futures was trading at 72.895, up 0.26%. The WTI Crude Futures was trading at 69.025, up 0.19%.

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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 1.1084 for 1.1147

Short-term view: EURUSD support comes in at 1.1084 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.1147 enter at 1.1105. Below 1.1084 to open 1.1057

GBPUSD Chart (Two-week)

Strategy: Support at 1.315 for 1.3216

Short-term view: GBPUSD support comes in at 1.315 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.3216 enter at 1.3172. Below 1.315 to open 1.3119

USDJPY Chart (Two-week)

Strategy: Support at 142.13 for 142.79

Short-term view: USDJPY MACD and RSI are flat but support comes in at 142.13 and we see a rise to 142.79 enter at 142.35. Below 142.13 to open 141.41

AUDUSD Chart (Two-week)

Strategy: Support at 0.6704 for 0.6751

Short-term view: AUDUSD support comes in at 0.6704 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.6751 enter at 0.672. Below 0.6704 to open 0.6694