Daily Technical Analysis Report

1. Economic Calendar
Time Currency News Impact Expectation
05:30 am AUD PPI QoQ Q1 Medium 1.6%
10:30 am CHF Retail Sales YoY
Mar
High 9.8%
12:00 pm CHF SNB Chair Jordon
Speech
High -
01:00 pm EURO GDP Growth Rate
YoY Flash Q1
High 4.8%
01:00 pm EURO Inflation Rate YoY
Flash Apr
High 0.5%
04:30 pm CAD GDP MoM Feb High 0.8%
04:30 pm USD Personal Income
MoM Mar
High 0.4%
04:30 pm USD PCE Price Index YoY
Mar
High 6.8%
06:00 pm USD Chicago PMI Apr High 61

2. AUD/USD TREND: Bearish
Technical Outlook:
AUD/USD bounced back from the lows of 0.7050 tested in the previous session. The spot is now
struggling near 0.7150 with stiff resistance in place. A recovery rally is expected in the spot.
Indicators Daily chart Status
RSI 34 Bearish
STOCHASTIC 0 Bearish
MACD Below midline Bearish
200 EMA 0.7340 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.7130 0.7200 0.7230 0.7100

3. NZD/USD TREND: Bearish
Technical Outlook:
NZD/USD dwindles near 0.6500 on the daily chart. An acceptance above 0.6550 on the daily closing
basis is a pre-requisite if a quick recovery in the spot.
Indicators Daily chart Status
RSI 26 Bearish
STOCHASTIC 0.00 Bearish
MACD Below midline Bearish
200 EMA 0.6840 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.6510 0.6540 0.6570 0.6540

4. EUR/USD TREND: Bearish
Technical Outlook:
EUR/USD continues to trade lower with the immediate support around 1.0500. In the previous
trading session the spot break the psychological level and tested lows of 1.0472 but recovered to
reclaim 1.0500.
Indicators Daily chart Status
RSI 24 Bearish
STOCHASTIC 0 Bearish
MACD Below mid line Bearish
200 EMA 1.1290 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0515 1.0545 1.0575 1.0485
.

5. GBP/USD TREND: Bearish
Technical Outlook:
On the daily chart, GBP/USD slipped toward 1.2400 in the last session amid strong USD rally. A
technical bounce back is expected in the pair as the spot being in the oversold condition for more
than a month.
Indicators Daily chart Status
RSI 22 Bearish
STOCHASTIC 11 Bearish
MACD Below midline Bearish
200 EMA 1.3390 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.2490 1.2520 1.2550 1.2460

6. USD/JPY TREND: Bullish
Technical Outlook:
USD/JPY remains unstoppable as the price tagged the highest level in the past 20 years. The spot
enjoyed record highs around 131.25. A retracement is due in the pair for a steep correction.
Indicators Daily chart Status
RSI 75 Bullish
STOCHASTIC 89 Bullish
MACD Above midline Bullish
200 EMA 115.50 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 130.50 130.20 129.90 130.80

7. USD/CAD TREND: Bullish
Technical Outlook:
USD/CAD faces strong resistance around 1.2850 on the daily chart. An acceptance above the
mentioned level is a pre-requisite to contain the further gains. Further, the spot failed to move
beyond 1.2880 and retraced very sharply.
Indicators Daily chart Status
RSI 58 Bullish
STOCHASTIC 69 Bullish
MACD Above midline Bullish
200 EMA 1.2630 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.2755 1.2725 1.2695 1.2785

8. USD/CHF TREND: Bullish
Technical Outlook:
USD/CHF took a breather above 0.9760 on Thursday. On the last trading day, the spot is heading
toward a healthy correction, which could be picked up for profit booking or fresh selling opportunity.
Indicators Daily chart Status
RSI 78 Bullish
STOCHASTIC 88 Bullish
MACD Above midline Bullish
200 EMA 0.9250 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.9705 0.9675 0.9645 0.9735

9. GOLD TREND: Neutral
Technical Outlook:
XAU/USD manages to hold above $1,900 with remarkable gains. A bullish formation could trigger a
quick recovery in the price toward $1,920.
Indicators Daily chart Status
RSI 43 Bearish
STOCHASTIC 28 Bearish
MACD Below midline Bearish
200 EMA $1,858 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy $1,905 $1,915 $1,925 $1,895