Apr 18 2018

Trade Idea for the day

EURUSD: – Trading above 21 Day SMA on hourly charts, seen taking resistance at around horizontal blue line on top. Technical Indicators like RSI is neutral and MACD above zero line giving sell signals.

Our Preference: – Sell above 1.2380

Target – 1.2335-1.2340

Stop loss – 1.2406

GBPUSD: – MACD likely to give crossover below zero line while RSI is neutral, trading just below 21 Day SMA pair is seen taking support around the horizontal blue line.

 Preference: – Buy at 1.4295-1.4300

Target – 1.4330-1.4335

Stop loss – 1.4276

USDJPY: – On daily charts pair is seen taking resistance at around 107.50 levels is trading above 21 Day SMA on hourly charts, RSI indicating to sell and MACD above zero line giving sell signals in the pair.

Our Preference: –  Buy below  107.35-107.40

Target – 107.00-107.05

Stop loss – 107.55