Jun 07 2018

Trade Idea for the day

EURUSD: – Pair seen taking resistance at around 1.18 levels, currently trading above 21 day SMA on hourly charts. Technical indicators like RSI at 66 is indicating to sell with MACD above zero line giving sell signals.

Our Preference: – Sell Above 1.1800

Target – 1.1660-1.1670

Stop loss – 1.1815

GBPUSD: – Pair seen taking resistance at around current levels and head towards 21 day SMA. Momentum indicators MACD above zero line and RSI heading towards overbought territory giving sell signals.

Preference: – Sell above 1.3470

Target – 1.3435-1.3445

Stop loss – 1.3485

USDJPY: – Pair seen taking resistance at around 110 levels, trading below 21 day SMA on hourly charts. Technical indicators are neutral with MACD around zero line and RSI around 50.

Our Preference: – Sell above 110

Target – 109.60-109.70

Stop loss – 110.15