Trading Outlook

DAILY TRADING OUTLOOK; GBPUSD, EURUSD, GOLD & BITCOIN | MAR-11-2020

Central Banks preparing to stimulate

The world’s stock markets are in the full grip of Coronavirus outbreak and Suadi-Russian price war of OPEC, it has been substantiated in the stock market rally overnight in the US.

Even today Bank of England showing its affirmation over stimulate in order to boost the economy and getting rid of coronavirus effect which could jolt the world economy.

However, we believe what we have been seeing in charts as far as the technical perspective of different instruments are concerned, therefore, our view for the supra instruments are as under:-

GBPUSD

Sell Below 1.3013 stop loss. 1.3083. Target 1.2805&1.2750 zone

Eurusd

Selling Area: 1.13822 to 1.14045. Target. 1.12280. Stop loss. 1.14689.

Gold

Selling area from; 1668. to 1689. Stop loss. 1687. Target. 1635.

Bitcoin

Sell @7884. with stop loss. 8042. For targeting. 7428.