Forex Daily Forecast 22 May 2015

Market Research, Uncategorized

Forex Daily Forecast 22 May 2015

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1132
Expected Target 1.1164

Alternate Scenario:
Sell Below 1.1120
Expected Target 1.1088

Events:
German Ifo Business Climate Index (May) release on 08:00 GMT by European Union
Core CPI (MoM) (Apr) release on 12:30 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.5671
Expected Target 1.5686

Alternate Scenario:
Sell Below 1.5665
Expected Target 1.5650

Events:
BoE Gov Carney Speaks on 11:00 GMT by UK
Core CPI (MoM) (Apr) release on 12:30 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7913
Expected Target 0.7936

Alternate Scenario:
Sell Below 0.7903
Expected Target 0.7880

Events:
Fed Chair Yellen Speaks on 17:00 GMT by US

USDJPY INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 120.85
Expected Target 120.61

Alternate Scenario:
Buy Above 120.94
Expected Target 121.18

Events:
CPI (MoM) (Apr) release on 12:30 GMT by US
BoJ Press Conference release on 06:30 GMT by Japan

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1207.47
Expected Target 1209.49

Alternate Scenario:
Sell Below 1206.71
Expected Target 1204.69

Events:
CPI (YoY) (Apr) release on 12:30 GMT by US

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XTIUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 60.71
Expected Target 60.55

Alternate Scenario:
Buy Above 60.78
Expected Target 60.94

Events:
Fed Chair Yellen Speaks on 17:00 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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