Apr 11 2018

Trade Idea for the day

EURUSD: – Pair is trading above 21 Day SMA on hourly charts, RSI giving selling bias with MACD above zero line indicating the pair can be sold.

Our Preference: – Sell above 1.2375

Target – 1.2340-1.2345

Stop loss – 1.2385

 

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

Our Preference: – Sell above 1.4180

Target – 1.4045-1.4050

Stop loss – 1.4200

 

USDJPY: – Pair is trading below 14 Day SMA on hourly charts, momentum indicators like RSI is heading towards oversold territory and MACD is hovering around zero line giving buying signals in the pair.

Our Preference: –   Buy at 106.90-106.95

Target – 107.20-107.25

Stop loss – 106.80