Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
05:30 am AUD RBA Statement on
Monitory Policy
High -
09:45 am CHF Unemployment
Rate APR
Medium 2.3%
10:00 am GBP Halifax House Price
Index YoY APR
Medium 10.3%
04:30 pm CAD Unemployment
Rate APR
High 5.3%
04:30 pm USA Non Farm Payrolls
APR
High 415K

2. AUD/USD TREND: Bearish
Technical Outlook:
AUD/USD keeps on falling from the past few weeks, but heavy volume buying seen on Wednesday.
In the previous session, the pair revisit fresh multi-week low near 0.7078. Break below 0.7075 will
confirm more selling opportunities.
Indicators Daily chart Status
RSI 39.24 Bearish
STOCHASTIC 17.70 Bearish
MACD Below midline Bearish
200 EMA 0.7313 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.7115 0.7085 0.7055 0.7145

3. NZD/USD TREND: Bearish
Technical Outlook:
On daily chart, NZD/USD extend its bearish momentum in the initial trading session. The pair
gathered the selling spiral to smash the spot to south. It made a low below 0.6400 in the last session,
and currently sustaining near the same levels.
Indicators Daily chart Status
RSI 30.11 Bearish
STOCHASTIC 7.24 Bearish
MACD Below midline Bearish
200 EMA 0.6845 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.6425 0.6395 0.6365 0.6455

4. EUR/USD TREND: Bearish
Technical Outlook:
EUR/USD starts the day on a flat note and consolidating. The major trend is bearish, but the pair
trying to sustain above $1.0490 that act as a robust support level. Falling below the mentioned levels
may push the spot to $1.0430.
Indicators Daily chart Status
RSI 33.98 Bearish
STOCHASTIC 13.30 Bearish
MACD Below mid line Bearish
200 EMA 1.1278 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.0530 1.0500 1.0470 1.0560
.

5. GBP/USD TREND: Bearish
Technical Outlook:
On the last trading day of the week, GBP/USD opens with a negative bias and poised to close the
week on downside footing. During the week, it moves majorly in a range bound manner but ruins all
accumulation on Thursday with heavy selling pressure.
Indicators Daily chart Status
RSI 28.68 Bearish
STOCHASTIC 5.55 Bearish
MACD Below midline Bearish
200 EMA 1.3349 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.2370 1.2300 1.2270 1.2400

6. USD/JPY TREND: Bullish
Technical Outlook:
On daily chart, USD/JPY extends the previous day’s gains to trade near weekly high near $130.65.
The pair forming a rising channel indicate bullish momentum making higher highs and higher lows
indicating existing bullish biasness.
Indicators Daily chart Status
RSI 69.84 Bullish
STOCHASTIC 85.60 Bullish
MACD Above midline Bullish
200 EMA 117.04 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 130.60 130.90 131.20 130.30

7. USD/CAD TREND: Bullish
Technical Outlook:
On short term chart, the pair exhibits volatility since the week begins. The drift is inclined towards
buyer side but a bit correction in price action could be seen in USD/CAD to begin fresh upward
swing.
Indicators Daily chart Status
RSI 59.71 Bullish
STOCHASTIC 82.08 Bullish
MACD Above midline Bullish
200 EMA 1.2652 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.2840 1.2870 1.2900 1.2810

8. USD/CHF TREND: Bullish
Technical Outlook:
In today’s session, USD/CHF opens with a positive biasness, and is moving sideways around $0.9860.
A minor pull back was experienced in previous trading session toward $0.9710. Investor could take
interest in the spot for a long position.
Indicators Daily chart Status
RSI 79.65 Bullish
STOCHASTIC 93.56 Bullish
MACD Above midline Bullish
200 EMA 0.9285 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.9865 0.9895 0.9925 0.9835

9. GOLD TREND: Neutral
Technical Outlook:
On the daily chart, the yellow metal switch on the day with a bearish sentiment and trading lower
near $1875. Gold is obtaining support from 200-days exponential moving average, which is locking
the price to move further down. One could expect recovery toward $1890 level.
Indicators Daily chart Status
RSI 38.89 Bearish
STOCHASTIC 20.20 Bearish
MACD Below midline Bearish
200 EMA $1,857.45 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy $1,870 $1,880 $1,890 $1,860