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Forex Daily Forecast 18 Jan 2016

Market Research

Forex Daily Forecast 18 Jan 2016

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.0902
Expected Target 1.0878

Alternate Scenario:
Buy Above 1.0927
Expected Target 1.0951

Events:
French 12-Month BTF Auction release on 14:00 GMT by European Union

GBPUSD INTRADAY : Probable Upside


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Preferred Trade:
Buy Above 1.4268
Expected Target 1.4292

Alternate Scenario:
Sell Below 1.4245
Expected Target 1.4221

Events:
GBP Rightmove House Prices (MoM) (JAN) release on 05:31 GMT by UK

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.6890
Expected Target 0.6951

Alternate Scenario:
Sell Below 0.6828
Expected Target 0.6767

Events:
AUD New Motor Vehicle Sales (MoM) (DEC) release on 06:00 GMT by Australia

USDJPY INTRADAY : Probable Upside

Preferred Trade:
Buy Above 117.090
Expected Target 117.530

Alternate Scenario:
Sell Below 116.651
Expected Target 116.211

Events:
JPY Industrial Production (MoM) (NOV F) release on 10:00 GMT by Japan

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XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1091.70
Expected Target 1094.21

Alternate Scenario:
Sell Below 1089.18
Expected Target 1086.67

Events:
US Bank Holidays

XTIUSD INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 29.85
Expected Target 29.06

Alternate Scenario:
Buy Above 30.65
Expected Target 31.44

Events:
US Bank Holidays

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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