Forex Daily Forecast 12 Nov 2015

Market Research

Forex Daily Forecast 12 Nov 2015

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.0763
Expected Target 1.0790

Alternate Scenario:
Sell Below 1.0737
Expected Target 1.0710

Events:
Industrial Production (YoY) (Sep) release on 10:00 GMT by European Union
FOMC Member Bullard Speaks on 14:15 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.5231
Expected Target 1.5255

Alternate Scenario:
Sell Below 1.5208
Expected Target 1.5184

Events:
Bloomberg Consumer Confidence release on 14:50 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7117
Expected Target 0.7176

Alternate Scenario:
Sell Below 0.7058
Expected Target 0.6999

Events:
Chicago Fed President Evans Speaks on 15:15 GMT by US

USDJPY INTRADAY : Probable Upside

Preferred Trade:
Buy Above 122.923
Expected Target 123.106

Alternate Scenario:
Sell Below 122.741
Expected Target 122.558

Events:
FOMC Member Dudley Speaks on 17:15 GMT by US

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XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1087.93
Expected Target 1090.29

Alternate Scenario:
Sell Below 1085.56
Expected Target 1083.20

Events:
FOMC Member Dudley Speaks on 17:15 GMT by US

XTIUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 44.24
Expected Target 44.44

Alternate Scenario:
Sell Below 44.04
Expected Target 43.84

Events:
Chicago Fed President Evans Speaks on 15:15 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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