Forex Daily Forecast 07 May 2015

Market Research

Forex Daily Forecast 07 May 2015

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.1334
Expected Target 1.1319

Alternate Scenario:
Buy Above 1.1340
Expected Target 1.1355

Major Events:
Spanish 10-Year Obligacion Auction release on 08:50 GMT by European Union
Initial Jobless Claims release on 12:30 GMT by US

GBPUSD INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 1.5235
Expected Target 1.5223

Alternate Scenario:
Buy Above 1.5240
Expected Target 1.5252

Major Events:
Initial Jobless Claims release on 12:30 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7973
Expected Target 0.8024

Alternate Scenario:
Sell Below 0.7954
Expected Target 0.7903

Major Events:
Employment Change (Apr) release on 01:30 GMT by Australia
Initial Jobless Claims release on 12:30 GMT by US

USDJPY INTRADAY : Probable Upside

Preferred Trade:
Buy Above 119.49
Expected Target 119.66

Alternate Scenario:
Sell Below 119.42
Expected Target 119.25

Major Events:
Initial Jobless Claims release on 12:30 GMT by US
Monetary Policy Meeting Minitues on 23:50 GMT by Japan

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XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1189.00
Expected Target 1185.20

Alternate Scenario:
Buy Above 1190.44
Expected Target 1194.24

Major Events:
Initial Jobless Claims release on 12:30 GMT by US

XTIUSD INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 61.19
Expected Target 60.93

Alternate Scenario:
Buy Above 61.28
Expected Target 61.54

Major Events:
Initial Jobless Claims release on 12:30 GMT by US

Disclaimer:
The Chart and Analysis presented above is only for information purpose and not to be considered as 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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