Forex Daily Forecast 21 Jan 2016

Market Research

Forex Daily Forecast 21 Jan 2016

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.0877
Expected Target 1.0860

Alternate Scenario:
Buy Above 1.0895
Expected Target 1.0912

Events:
Spanish 3-Year Bonos Auction release on 09:50 GMT by European Union
Philadelphia Fed Manufacturing Index (Jan) release on 13:30 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.4190
Expected Target 1.4211

Alternate Scenario:
Sell Below 1.4170
Expected Target 1.4149

Events:
Philly Fed Employment (Jan) release on 13:30 GMT by US

AUDUSD INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 0.6923
Expected Target 0.6888

Alternate Scenario:
Buy Above 0.6958
Expected Target 0.6993

Events:
Distillate Fuel Production release on 16:00 GMT by US

USDJPY INTRADAY : Probable Upside

Preferred Trade:
Buy Above 117.239
Expected Target 117.621

Alternate Scenario:
Sell Below 116.858
Expected Target 116.576

Events:
EIA Weekly Distillates Stocks release on 16:00 GMT by US

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XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1100.23
Expected Target 1103.31

Alternate Scenario:
Sell Below 1097.33
Expected Target 1094.25

Events:
Gasoline Production release on 16:00 GMT by US

XTIUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 28.84
Expected Target 29.15

Alternate Scenario:
Sell Below 28.53
Expected Target 28.22

Events:
Philly Fed Employment (Jan) release on 13:30 GMT by US

Disclaimer:
The Chart and Analysis presented above is only for information purpose and not to be considered as Forex Trading Instruction. BlueMax doesnt bear any
responsibility for any trading losses that might incur as a result of using this analysis/report.

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