Jul 23 2018

Trade Idea for the Day

EURUSD:- Since morning the pair is down about 25-30 pips and is about to breakdown the 1.17 mark. 14-period RSI is well below 50 region and MACD has given a bearish crossover with Signal Line.

Our Preference:-Sell at 1.1715

Target:- 1.1678

Stoploss:- 1.1735

GBPUSD:- Bearish Divergence on a hourly chart is clearly visible, MACD bearish crossover with Signal Line has already taken place.

Our Preference:-Sell at 1.3130

Target:- 1.3083

Stoploss:- 1.3155

 

USDJPY:-After a Steep fall and getting extremely oversold, the pair finally stared recovering. Momentum indicators are giving Bullish signals – RSI turned back after reaching below 30 mark with MACD bullish crossover.

Our Preference:- Buy at 111.06

Target:- 111.35 and 111.50

Stoploss:- 110.90