Forex Daily Forecast 02 Nov 2015

Market Research

Forex Daily Forecast 02 Nov 2015

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1022
Expected Target 1.1047

Alternate Scenario:
Sell Below 1.0996
Expected Target 1.0971

Events:
Spanish Manufacturing PMI (Oct) release on 08:15 GMT by European Union
ISM Manufacturing Employment (Oct) release on 15:00 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.5440
Expected Target 1.5470

Alternate Scenario:
Sell Below 1.5411
Expected Target 1.5381

Events:
Manufacturing PMI (Oct) release on 09:30 GMT by UK
Construction Spending (MoM) (Sep) release on 15:00 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7135
Expected Target 0.7157

Alternate Scenario:
Sell Below 0.7112
Expected Target 0.7090

Events:
ISM Manufacturing PMI (Oct) release on 15:00 GMT by US

USDJPY INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 120.404
Expected Target 120.165

Alternate Scenario:
Buy Above 120.643
Expected Target 120.882

Events:
FOMC Member Williams Speaks on 17:00 GMT by US

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1137.02
Expected Target 1132.12

Alternate Scenario:
Buy Above 1141.92
Expected Target 1146.82

Events:
ISM Manufacturing Employment (Oct) release on 15:00 GMT by US

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XTIUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 46.78
Expected Target 46.96

Alternate Scenario:
Sell Below 46.61
Expected Target 46.43

Events:
Construction Spending (MoM) (Sep) release on 15:00 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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Forex market is a place to earn good profits and at the same time the trading includes high level of risks too. Only the investors who can afford the losses are
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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market is a highly volatile market where assurance is impossible. The traders who invest should completely analyze the nook and corner of the market before
investing as no one can take the responsibility for the losses they face. The brokers can only guide the traders. The brokers cannot take the responsibility for
the losses. All withdrawals and deposits will be processed as per brokers payment methods and terms. It is investors responsibility to move in a legal way,
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