Forex Daily Forecast 22 Mar 2016

Market Research

Forex Daily Forecast 22 Mar 2016

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1248
Expected Target 1.1266

Alternate Scenario:
Sell Below 1.1229
Expected Target 1.1211

Events:
German Business Expectations (Mar) release on 09:00 GMT by European Union
House Price Index (YoY) (Jan) release on 13:00 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.4377
Expected Target 1.4392

Alternate Scenario:
Sell Below 1.4362
Expected Target 1.4347

Events:
House Price Index (Jan) release on 13:00 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7585
Expected Target 0.7601

Alternate Scenario:
Sell Below 0.7568
Expected Target 0.7552

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

USDJPY INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 112.064
Expected Target 112.294

Alternate Scenario:
Sell Below 111.834
Expected Target 111.604

Events:
FOMC Member Harker Speaks on 23:00 GMT by US
Reuters Tankan Index (Mar) release on 23:30 GMT by Japan

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1245.17
Expected Target 1248.05

Alternate Scenario:
Sell Below 1242.29
Expected Target 1239.41

Events:
House Price Index (YoY) (Jan) release on 13:00 GMT by US

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XTIUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 41.63
Expected Target 41.36

Alternate Scenario:
Buy Above 41.23
Expected Target 42.17

Events:
House Price Index (YoY) (Jan) release on 13:00 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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