Apr 04 2018

Trade Idea for the day

EURUSD :-  Pair is trading above 5 Day SMA on hourly charts, RSI is neutral with MACD hovering around zero line.

Our Preference :-  Sell above 1.23

Target – 1.226-1.227

Stop loss – 1.232

 

GBPUSD :- Pair is trading below 14 Day SMA on hourly charts, RSI is neutral and MACD hovering around zero line.

Our Preference :-  Buy below 1.4045

Target – 1.4070-1.4080

Stop loss – 1.4030

 

USDJPY :- Pair is trading around 5 Day SMA on hourly charts, RSI is  heading towards oversold territory and MACD is below zero line giving buy signals.

Our Preference :-  Buy at 61.15-61.20

Target – 61.40-61.45

Stop loss – 61.10