Forex Daily Forecast 13 May 2015

Market Research

Forex Daily Forecast 13 May 2015

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1236
Expected Target 1.1266

Alternate Scenario:
Sell Below 1.1225
Expected Target 1.1195

Major Events:
German GDP (QoQ) (Q1) release on 06:00 GMT by European Union
Core Retail Sales (MoM) (Apr) release on 12:30 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.5677
Expected Target 1.5695

Alternate Scenario:
Sell Below 1.5670
Expected Target 1.5652

Major Events:
Average Earnings Index +Bonus (Mar) release on 08:30 GMT by UK
Retail Sales (MoM) (Apr) release on 12:30 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7985
Expected Target 0.8022

Alternate Scenario:
Sell Below 0.7971
Expected Target 0.7934

Major Events:
Core Retail Sales (MoM) (Apr) release on 12:30 GMT by US

USDJPY INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 119.82
Expected Target 119.64

Alternate Scenario:
Buy Above 119.89
Expected Target 120.07

Major Events:
Retail Sales (MoM) (Apr) release on 12:30 GMT by US

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1193.20
Expected Target 1195.17

Alternate Scenario:
Sell Below 1192.45
Expected Target 1190.48

Major Events:
Core Retail Sales (MoM) (Apr) release on 12:30 GMT by US

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XTIUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 62.27
Expected Target 62.56

Alternate Scenario:
Sell Below 62.15
Expected Target 61.86

Major Events:
Retail Sales (MoM) (Apr) release on 12:30 GMT by US

Disclaimer:
The Chart and Analysis presented above is only for information purpose and not to be considered as 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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Interest Rate Decision (May) release on 11:00 GMT by UK

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currency trading intraday market strategy analysis

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