Forex Daily Forecast 08 Mar 2016

Market Research

Forex Daily Forecast 08 Mar 2016

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1021
Expected Target 1.1033

Alternate Scenario:
Sell Below 1.1008
Expected Target 1.0996

Events:
Spanish Industrial Production (YoY) (Jan) release on 08:00 GMT by European Union
API Weekly Crude Oil Stock release on 21:35 GMT by US

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GBPUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.4253
Expected Target 1.4236

Alternate Scenario:
Buy Above 1.4270
Expected Target 1.4287

Events:
BoE Gov Carney Speaks on 09:15 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 0.7438
Expected Target 0.7405

Alternate Scenario:
Buy Above 0.7472
Expected Target 0.7505

Events:
Westpac Consumer Sentiment release on 23:30 GMT by Australia
API Weekly Cushing Crude Oil Stock release on 21:35 GMT by US

USDJPY INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 113.043
Expected Target 112.566

Alternate Scenario:
Buy Above 113.520
Expected Target 113.997

Events:
API Weekly Distillates Stocks release on 21:35 GMT by US
M2 Money Stock (YoY) release on 23:50 GMT by Japan

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1269.33
Expected Target 1275.12

Alternate Scenario:
Sell Below 1263.55
Expected Target 1257.76

Events:
API Weekly Crude Oil Stock release on 21:35 GMT by US

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XTIUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 38.86
Expected Target 38.47

Alternate Scenario:
Buy Above 39.25
Expected Target 39.64

Events:
API Weekly 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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