Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
04:15 am NZD Inflation Rate QoQ
Q1
High 2.2%
02:30 PM EURO Inflation Rate YoY
Final Mar
High 7.5%
06:00 PM USD Initial Jobless
Claims 16/Apr
High 180K
07:30 am EURO Consumer
Confidence Flash
Apr
Medium -22

2. AUD/USD TREND: Neutral
Technical Outlook:
AUD/USD pauses the rally witnessed in the previous session. The bulls lack the conviction 0.7460 as
the pair retraced briefly but still manages to hold above 0.7420 mark. A bottom-buying opportunity
could be found near the lower levels.
Indicators Daily chart Status
RSI 52 Bullish
STOCHASTIC 30 Bearish
MACD Above midline Bullish
200 EMA 0.7340 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.7430 0.7460 0.7490 0.7400

3. NZD/USD TREND: Bullish
Technical Outlook:
NZD/USD attempts to continue with the gains of the last day as the spot jump nearly 100-pip
indicating a bullish undercurrent in the price. Traders can open long position with strict stop loss.
Indicators Daily chart Status
RSI 44 Bearish
STOCHASTIC 23 Bearish
MACD Below midline Bearish
200 EMA 0.6875 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6780 0.6810 0.6840 0.6750

4. EUR/USD TREND: Bearish
Technical Outlook:
On the daily chart, EUR/USD continues to struggle around 1.0800-1.0840 zone with no clear
directional bias. However, trading volume suggest still buying could be done by aggressive traders.
Indicators Daily chart Status
RSI 41 Bearish
STOCHASTIC 29 Bearish
MACD Below mid line Bearish
200 EMA 1.1110 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0820 1.0850 1.0880 1.0790
.

5. GBP/USD TREND: Bearish
Technical Outlook:
GBP/USD has a strong support around 1.2970 on the daily chart. A daily close above 1.3100 could
bring some fresh air in the spot. The buyers pulled up the price from the lower levels indicates bulls
are still in the game.
Indicators Daily chart Status
RSI 45 Bearish
STOCHASTIC 46 Bearish
MACD Below midline Bearish
200 EMA 1.3470 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.3050 1.3080 1.3110 1.3020

6. USD/JPY TREND: Bullish
Technical Outlook:
USD/JPY recovered from the previous day retracement, from the lows of 127.46. The spot reclaimed
128.0 mark with above average volumes.
Indicators Daily chart Status
RSI 78 Bullish
STOCHASTIC 89 Bullish
MACD Above midline Bullish
200 EMA 113.30 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 128.30 128.60 128.90 128.0

7. USD/CAD TREND: Bearish
Technical Outlook:
USD/CAD fell massively On Wednesday, a total of nearly 150-pip nearly. The spot found support near
the multi-week support around 1.2480. Traders are advised to trade with strict stop loss.
Indicators Daily chart Status
RSI 39 Bearish
STOCHASTIC 27 Bearish
MACD Below midline Bearish
200 EMA 1.2630 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.2490 1.2460 1.2430 1.2520

8. USD/CHF TREND: Bullish
Technical Outlook:
USD/CHF continues to move north despite a previous day hiccup as the price drooped to test the
0.9450 level. In today’s session, the spot reclaims the 0.9500 mark.
Indicators Daily chart Status
RSI 68 Bullish
STOCHASTIC 89 Bullish
MACD Above midline Bullish
200 EMA 0.9215 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.9500 0.9530 0.9560 0.9470

9. GOLD TREND: Neutral
Technical Outlook:
XAU/USD continues to slide in very tight range where both upside and downside is capped. As can
be seen it is hovering in a broader range of $1,920 and $1,990.
Indicators Daily chart Status
RSI 51 Bullish
STOCHASTIC 9 Bearish
MACD Below midline Bearish
200 EMA $1,831 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell $1,950 $1,940 $1,930 $1,960