Apr 09 2018

Trade Idea for the day

EURUSD: – Pair is trading above 14 Day SMA on hourly charts, RSI is heading towards overbought territory with MACD above zero line.

Our Preference: – Sell above 1.2285

Target – 1.2260

Stop loss – 1.2295

GBPUSD: – Pair is trading around 5 Day SMA on hourly charts, RSI towards heading towards overbought zone and MACD above zero line.

Our Preference: – Sell below 1.4105-1.4110

Target – 1.4080-1.4085

Stop loss – 1.4120

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: – Sell above 107.20

Target – 106.95-107

Stop loss – 107.30