Apr 26 2018

Trade Idea for the day

EURUSD: – On daily charts pair is at more than 3 month lows currently trading above 14 day SMA. RSI is indicating a buy and MACD crossover below zero line giving buy signals.

Our Preference: – Buy at 1.2170-1.2175

Target – 1.2210-1.2215

Stop loss – 1.2150

GBPUSD: – MACD crossover below zero line and RSI giving bullish signals. Pair seen taking support at around horizontal blue line currently holding just above 21 Day SMA.

 Preference: – Buy below 1.3940

Target – 1.3970-1.3980

Stop loss – 1.3915

USDJPY: – Trading at more than two month high currently holding at around 21 day SMA. RSI is indicating to sell with MACD crossover above zero line giving bearish signals in the pair.

Our Preference: – Sell at  109.35-109.40

Target – 109.05-109.10

Stop loss – 109.62