Apr 10 2018

Trade Idea for the day

EURUSD: – Pair is trading above 21 Day SMA on hourly charts, RSI is neutral with MACD above zero line giving sell signals.

Our Preference: – Sell above 1.2330

Target – 1.2305-1.2310

Stop loss – 1.2340

 

GBPUSD: – Pair is trading above 14 Day SMA on hourly charts, RSI heading towards overbought zone and MACD above zero line giving bearish signals in the pair.

Our Preference: – Sell above 1.4160

Target – 1.4030-1.4035

Stop loss – 1.4175

 

USDJPY: – Pair is trading above 21 Day SMA on hourly charts, momentum indicators like RSI and MACD are giving neutral signals. The pair can be sold at around day’s high level.

Our Preference: – Sell above 107.15

Target – 106.90-106.95

Stop loss – 107.25