Apr 12 2018

Trade Idea for the day

EURUSD: – Pair is trading well below 21 Day SMA on hourly charts, RSI heading towards oversold territory with MACD around zero line indicating the pair can be bought.

Our Preference: – Buy above 1.2330-1.2335

Target – 1.2360-1.2365

Stop loss – 1.2319

GBPUSD: – Pair is trading above 14 Day SMA on hourly charts, RSI is heading towards oversold territory and MACD hovering around zero line giving bullish signals in the pair.

Our Preference: – Buy below 1.4150

Target – 1.4075-1.4080

Stop loss – 1.4138

USDJPY: – Pair is trading above 21 Day SMA on hourly charts, momentum indicators like RSI is neutral and MACD below zero line giving buying signals in the pair.

Our Preference: –   Buy below 106.90

Target – 107.20-107.25

Stop loss – 106.78