Forex Daily Forecast 02 Feb 2016

Market Research

Forex Daily Forecast 02 Feb 2016

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.0900
Expected Target 1.0915

Alternate Scenario:
Sell Below 1.0884
Expected Target 1.0869

Events:
German Unemployment Change (Jan) release on 08:55 GMT by European Union
API Weekly Cushing Crude Oil Stock release on 21.35 GMT by US

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GBPUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.4421
Expected Target 1.4400

Alternate Scenario:
Buy Above 1.4441
Expected Target 1.4462

Events:
Construction PMI (Jan) release on 09:30 GMT by UK
API Weekly Crude Oil Stock release on 21:35 GMT by US

AUDUSD INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 0.7100
Expected Target 0.7072

Alternate Scenario:
Buy Above 0.7129
Expected Target 0.7157

Events:
Interest Rate Decision (Feb) release on 03:30 GMT by Australia

USDJPY INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 120.785
Expected Target 120.494

Alternate Scenario:
Buy Above 121.075
Expected Target 121.366

Events:
10-Year JGB Auction release on 03:45 GMT by Japan

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1127.08
Expected Target 1123.78

Alternate Scenario:
Buy Above 1130.39
Expected Target 1133.69

Events:
IBD/TIPP Economic Optimism release on 15:00 GMT by US

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XTIUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 32.02
Expected Target 31.62

Alternate Scenario:
Buy Above 32.42
Expected Target 32.42

Events:
API Weekly Cushing Crude Oil Stock release on 21.35 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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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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