Forex Daily Forecast 07 Oct 2015

Market Research

Forex Daily Forecast 07 Oct 2015

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.1269
Expected Target 1.1255

Alternate Scenario:
Buy Above 1.1284
Expected Target 1.1298

Events:
German Industrial Production (MoM) (Aug) release on 02:00 GMT by European Union
MBA 30-Year Mortgage Rate release on 07:00 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.5242
Expected Target 1.5266

Alternate Scenario:
Sell Below 1.5218
Expected Target 1.5194

Events:
Industrial Production (MoM) (Aug) release on 04:30 GMT by UK
Mortgage Refinance Index release on 07:00 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7173
Expected Target 0.7197

Alternate Scenario:
Sell Below 0.7149
Expected Target 0.7125

Events:
RBA Assist Gov Debelle Speaks on 03:05 GMT by Australia
EIA Weekly Distillates Stocks release on 10:30 GMT by US

USDJPY INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 119.991
Expected Target 119.622

Alternate Scenario:
Buy Above 120.359
Expected Target 120.728

Events:
MBA Purchase Index release on 07:00 GMT by US
Core Machinery Orders (MoM) (Aug) release on 19:50 GMT by Japan

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1148.12
Expected Target 1150.09

Alternate Scenario:
Sell Below 1146.15
Expected Target 1144.18

Events:
Mortgage Market Index release on 07:00 GMT by US

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XTIUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 49.45
Expected Target 49.90

Alternate Scenario:
Sell Below 49.01
Expected Target 48.56

Events:
Mortgage Refinance Index release on 07:00 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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advised to invest in the Forex trading. The Trader should be capable of withstanding the high degree of leverage which may hit the account heavily. Forex
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