Forex Daily Forecast 11 Jan 2016

Market Research

Forex Daily Forecast 11 Jan 2016

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.0931
Expected Target 1.0931

Alternate Scenario:
Buy Above 1.0969
Expected Target 1.1007

Events:
Sentix Investor Confidence release on 04:30 GMT by European Union
Labor Market Conditions Index m/m release on 10:00 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.4534
Expected Target 1.4573

Alternate Scenario:
Sell Below 1.4494
Expected Target 1.4455

Events:
BRC Retail Sales Monitor y/y release on 07:01 GMT by UK
Labor Market Conditions Index m/m release on 10:00 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.6959
Expected Target 0.6990

Alternate Scenario:
Sell Below 0.6990
Expected Target 0.6895

Events:
ANZ Job Advertisements m/m release on 07:00 GMT by Australia
Labor Market Conditions Index m/m release on 10:00 GMT by US

USDJPY INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 117.152
Expected Target 117.608

Alternate Scenario:
Sell Below 116.697
Expected Target 116.241

Events:
Labor Market Conditions Index m/m release on 10:00 GMT by US

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1104.79
Expected Target 1101.13

Alternate Scenario:
Buy Above 1108.45
Expected Target 1112.11

Events:
Labor Market Conditions Index m/m release on 10:00 GMT by US

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XTIUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 33.50
Expected Target 33.13

Alternate Scenario:
Buy Above 33.87
Expected Target 34.24

Events:
Labor Market Conditions Index m/m release on 10:00 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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