Apr 13 2018

Trade Idea for the day

EURUSD: – Pair is trading above 14 Day SMA on hourly charts, consolidating at current levels. RSI is neutral with MACD crossover below zero line clearly indicating the pair can be bought at current levels.

Our Preference: – Buy below 1.2325

Target – 1.2360-1.2365

Stop loss – 1.2309

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

Our Preference: – Sell above 1.4240

Target – 1.4195-1.4200

Stop loss – 1.4261

USDJPY: – Pair is trading above 14 Day SMA on hourly charts, momentum indicators like RSI is giving sell signals and MACD above zero line giving sell signals in the pair.

Our Preference: –   Sell above  107.40

Target – 107.05-107.10

Stop loss – 107.60