Daily Technical Analysis Report

1. DAILY REPORT
Economic Calendar
Time Currency News Impact Expectation
03:50
AM
JPY GDP Growth
Rate QoQ
Prel Q1
High -0.3%
10:00
AM
GBP Inflation
Rate
YoY APR
High 8.9%
01:00
PM
EUR
Inflation
Rate YoY
Final APR
High 7.5%
04:30
PM
USD Housing
Starts APR
Medium -0.7%

2. DAILY REPORT
AUD/USD TREND: Bearish
Technical Outlook:
AUD/USD Started the session on a weaker note as it failed to carry forward the gains beyond 0.7050. The
momentum oscillators indicate the continuation of the upside momentum but the presence of sellers
make it challenging.
Indicators Daily chart Status
RSI 41 Bearish
STOCHASTIC 40 Bearish
MACD Below midline Bearish
200 EMA 0.7250 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.7000 0.7030 0.7060 0.6970

3. DAILY REPORT
NZD/USD TREND: Bearish
Technical Outlook:
On the daily chart, NZD/USD consolidates in a very tight range with a negative bias. A sustained buying
pressure would bring more gains to the table.
Indicators Daily chart Status
RSI 36 Bearish
STOCHASTIC 37 Bearish
MACD Below midline Bearish
200 EMA 0.6790 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6350 0.6380 0.6410 0.6320

4. DAILY REPORT
EUR/USD TREND: Bearish
Technical Outlook:
EUR/USD looks promising on the daily chart. Still, the formation of a Doji candlestick could ruin the bull’s
hope. A trade above 1.0550 required to sustain the gains.
Indicators Daily chart Status
RSI 42 Bearish
STOCHASTIC 62 Bullish
MACD Below midline Bearish
200 EMA 1.1210 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0530 1.0580 1.0610 1.0500
.

5. DAILY REPORT
GBP/USD TREND: Bearish
Technical Outlook:
GBP/USD pauses the gains near the crucial 1.2500 mark as the bulls look exhausted after rallying for the
past three-consecutive sessions. A minor retracement could be used to open long position further.
Indicators Daily chart Status
RSI 43 Bearish
STOCHASTIC 65 Bullish
MACD Below midline Bearish
200 EMA 1.3210 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.2470 1.2500 1.2530 1.2440

6. DAILY REPORT
USD/JPY TREND: Neutral
Technical Outlook:
USD/JPY remains pressured near 129.50 on the daily chart. It has briefly broken the 129.0 mark but
recovered in the Asian session. A minor correction is expected in the price.
Indicators Daily chart Status
RSI 57 Bullish
STOCHASTIC 47 Bearish
MACD Above midline Bullish
200 EMA 117.20 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 129.10 128.80 128.50 129.40

7. DAILY REPORT
USD/CAD TREND: Bullish
Technical Outlook:
On daily chart, the pair recovered from the lows of 1.2795 and gained nearly 50-pip to trade higher. If a
close above 1.2850 more gains on the card.
Indicators Daily chart Status
RSI 50 Bullish
STOCHASTIC 31 Bearish
MACD Above midline Bullish
200 EMA 1.2670 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.2840 1.2870 1.2900 1.2810

8. DAILY REPORT
USD/CHF TREND: Bullish
Technical Outlook:
USD/CHF trades with limited price action although the bias remains positive. However, in the previous
session the spot fell sharply from the highs of 1.0026.
Indicators Daily chart Status
RSI 79 Bullish
STOCHASTIC 86 Bullish
MACD Above midline Bullish
200 EMA 0.9373 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.9950 0.9920 0.9180 0.9980

9. DAILY REPORT
GOLD TREND: Bearish
Technical Outlook:
On the daily chart, XAU/USD failed to sustain the momentum and fell below the $1,820. The spot look
pessimistic with eyes on lower target.
Indicators Daily chart Status
RSI 31 Bearish
STOCHASTIC 17 Bearish
MACD Below midline Bearish
200 EMA $1,850 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell $1,810 $1,800 $1,790 $1,820