Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
03:01 am GBP BRC Retail Sales Monitor YoY
Apr
Medium -0.1%
05:30 am AUD NAB Business Confidence Apr High 12
05:30 am AUD Retail Sales MoM Final Apr High 1.6%
01:00 pm EUR ZEW Economic Sentiment
Index May
Medium 1.6%
06:00 pm USD IBD/TIPP Economic Optimistic
May
Medium 47

2. AUD/USD TREND: Bearish
Technical Outlook:
On the daily chart AUD/USD approaches this year lows below 0.7000. If breaks the mentioned level
on the daily closing basis then selling would be amplify toward 0.6700 in medium term
Indicators Daily chart Status
RSI 34.0 Bearish
STOCHASTIC 1 Bearish
MACD Below midline Bearish
200 EMA 0.7315 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.7010 0.6980 0.6950 0.7040

3. NZD/USD TREND: Bearish
Technical Outlook:
NZD/USD breaks 0.6400 in the previous session and looks terribly bearish. In the early Asian session,
the spot already down 40-pip with no reversion technically.
Indicators Daily chart Status
RSI 26 Bearish
STOCHASTIC 0 Bearish
MACD Below midline Bearish
200 EMA 0.6850 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.6350 0.6320 0.6290 0.6380

4. EUR/USD TREND: Bearish
Technical Outlook:
On the daily chart, EUR/USD is expected to break 1.0500 convincingly finally as investors patience
seems to be broken. Stroger upside filter put barrier to the way of recovery. We advised traders to
initiate fresh short position with strict stop loss.
Indicators Daily chart Status
RSI 33 Bearish
STOCHASTIC 9 Bearish
MACD Below mid line Bearish
200 EMA 1.1250 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.0510 1.0480 1.0450 1.0540
.

5. GBP/USD TREND: Bearish
Technical Outlook:
GBP/USD find no respite amid selling pressure and there is no immediate probability of immediate
bounce back. The pair is on the verge to further slip below 1.2200.
Indicators Daily chart Status
RSI 25.0 Bearish
STOCHASTIC 0 Bearish
MACD Below midline Bearish
200 EMA 1.3370 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.2280 1.2250 1.2220 1.2310

6. USD/JPY TREND: Bullish
Technical Outlook:
USD/JPY on daily chart positive start in yet another fresh trading week. A very little momentum can
be seen in the currency pair as of now. An acceptance above 131 signals to initiate more buying
opportunities.
Indicators Daily chart Status
RSI 71 Bullish
STOCHASTIC 95 Bullish
MACD Above midline Bullish
200 EMA 117.10 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 131.0 131.30 131.60 129.70

7. USD/CAD TREND: Bullish
Technical Outlook:
USD/CAD taken out the strong resistance zone of 1.2900. The pair took a flight after breaching the
mentioned level, before that a sideways consolidation could be seen. The spot already sitting on a
yearly highs.
Indicators Daily chart Status
RSI 65 Bullish
STOCHASTIC 99 Bullish
MACD Above midline Bullish
200 EMA 1.2640 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.2940 1.2970 1.3000 1.2910

8. USD/CHF TREND: Bullish
Technical Outlook:
USD/CHF smashed 0.9950 with a bang. A specular movement in the mostly unmoved or little
movement pair. The spot tested three-year high and expected to continue higher.
Indicators Daily chart Status
RSI 82 Bullish
STOCHASTIC 99 Bullish
MACD Above midline Bullish
200 EMA 0.9260 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.9930 0.9960 0.9990 0.9900

9. GOLD TREND: Neutral
Technical Outlook:
XAU/USD remains pressured below $1,870, as the bulls failed to carry forward the gains. A slippage
below the session’s low will be key for triggering new lower levels in the spot.
Indicators Daily chart Status
RSI 38 Bearish
STOCHASTIC 20 Bearish
MACD Below midline Bearish
200 EMA $1,863.78 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell $1,875 $1,865 $1,855 $1,885