1. DAILY REPORT
Economic Calendar
Time Currency News Impact Expectation
02:30 AM NZD
Business NZ
PMI APR
Medium 54
06:00 AM AUD RBA Bullock
Speech
High -
01:00 PM EUR Industrial
Production
MoM MAR
Medium -0.9%
06:00 pm USD Michigan
Consumer
Sentiment
Prel MAY
High 6.2%
2. DAILY REPORT
AUD/USD TREND: BEARISH
Technical Outlook:
AUD/USD Started the session on a muted note with no clear directional bias. The price trades below
0.6900 and look pressured to trade toward higher levels.
Indicators Daily chart Status
RSI 31 Bearish
STOCHASTIC 11 Bearish
MACD Below midline Bearish
200 EMA 0.7299 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.6900 0.6870 0.6840 0.6930
3. DAILY REPORT
NZD/USD TREND: BEARISH
Technical Outlook:
On the Daily chart, NZD/USD displayed tiring momentum every time the spot attempted to move
higher. The spot holds near two-year low around 0.6250. Every rise is a sell opportunity.
Indicators Daily chart Status
RSI 25 Bearish
STOCHASTIC 8 Bearish
MACD Below midline Bearish
200 EMA 0.6819 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.6255 0.6225 0.6195 0.6285
4. DAILY REPORT
EUR/USD TREND: BEARISH
Technical Outlook:
EUR/USD breaks below 1.0400 level too amid panic selling mode. The spot tested three-year lows
and still remains vulnerable. The technical set up on the daily frame still points for downside.
Indicators Daily chart Status
RSI 35.71 Bearish
STOCHASTIC 18.09 Bearish
MACD Below midline Bearish
200 EMA 1.1250 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.0400 1.0370 1.0340 1.0430
.
5. DAILY REPORT
GBP/USD TREND: BEARISH
Technical Outlook:
GBP/USD continues to trade in the downside momentum. The spot hovers near four-year lows with
very limited upside reversal momentum. A sell on rise is the current trading status.
Indicators Daily chart Status
RSI 24.0 Bearish
STOCHASTIC 7 Bearish
MACD Below midline Bearish
200 EMA 1.3210 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.2220 1.2190 1.2160 1.2250
6. DAILY REPORT
USD/JPY TREND: Neutral
Technical Outlook:
USD/JPY still trading higher on the daily chart. As the bulls refuse to come down the spot trades in a
very tight range, keeping an eye on Wednesday’s high of 130.82.
Indicators Daily chart Status
RSI 56 Bullish
STOCHASTIC 46 Bearish
MACD Above midline Bullish
200 EMA 118.05 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
BUY 130.45 130.75 131.05 130.15
7. DAILY REPORT
USD/CAD TREND: BULLISH
Technical Outlook:
On daily chart, the spot retreats from the highs of 1.3078 made in the previous action. The spot
started the day on a lower note down 20-pip. A daily close below 1.3000 could push the prize lower
to test 1.2890 in coming few sessions.
Indicators Daily chart Status
RSI 64.0 Bullish
STOCHASTIC 81 Bullish
MACD Above midline Bullish
200 EMA 1.2661 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.3005 1.2975 1.2945 1.3035
8. DAILY REPORT
USD/CHF TREND: BULLISH
Technical Outlook:
USD/CHF tested three-year high above 1.0000. The pair continuously rising for the second straight
month. Any retracement would be a good opportunity for a sidelined buyer.
Indicators Daily chart Status
RSI 81 Bullish
STOCHASTIC 94 Bullish
MACD Above midline Bullish
200 EMA 0.9310 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.0020 1.0050 1.0080 0.9980
9. DAILY REPORT
GOLD TREND: NEUTRAL
Technical Outlook:
On the daily chart, XAU/USD slips below $1,840 for the first time since February, below the critical
200/Day EMA (Exponential Moving Average). More downside could be expected in the yellow metal.
Indicators Daily chart Status
RSI 33 Bearish
STOCHASTIC 6 Bearish
MACD Below midline Bearish
200 EMA $1,858.97 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL $1,830 $1,820 $1,810 $1,840