Forex Daily Forecast 13 Jan 2016

Market Research

Forex Daily Forecast 13 Jan 2016

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.0830
Expected Target 1.0799

Alternate Scenario:
Buy Above 1.0861
Expected Target 1.0892

Events:
Industrial Production (YoY) (Nov) release on 10:00 GMT by European Union
MBA Mortgage Applications (WoW) release on 12:00 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.4456
Expected Target 1.4488

Alternate Scenario:
Sell Below 1.4424
Expected Target 1.4392

Events:
FOMC Member Rosengren Speaks on 13:00 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7020
Expected Target 0.7065

Alternate Scenario:
Sell Below 0.6974
Expected Target 0.6929

Events:
Chicago Fed President Evans Speaks on 17:30 GMT by US

USDJPY INTRADAY : Probable Upside

Preferred Trade:
Buy Above 118.079
Expected Target 118.527

Alternate Scenario:
Sell Below 117.631
Expected Target 117.183

Events:
Chicago Fed President Evans Speaks release on 17:30 GMT by US
Core Machinery Orders (YoY) (Nov) release on 23:50 GMT by Japan

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XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1084.82
Expected Target 1081.70

Alternate Scenario:
Buy Above 1087.94
Expected Target 1091.06

Events:
Chicago Fed President Evans Speaks on 17:30 GMT by US

XTIUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 31.83
Expected Target 32.20

Alternate Scenario:
Sell Below 31.47
Expected Target 31.10

Events:
MBA Mortgage Applications (WoW) release on 12:00 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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