Forex Daily Forecast 08 May 2015

Market Research

Forex Daily Forecast 08 May 2015

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.1228
Expected Target 1.1179

Alternate Scenario:
Buy Above 1.1247
Expected Target 1.1296

Major Events:
German Industrial Production (MoM) (Mar) release on 06:00 GMT by European Union
Nonfarm Payrolls (Apr) release on 12:30 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.5458
Expected Target 1.5560

Alternate Scenario:
Sell Below 1.5419
Expected Target 1.5317

Major Events:
Halifax House Price Index (YoY) (Apr) release on 07:00 GMT by UK
Unemployment Rate (Apr) release on 12:30 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7903
Expected Target 0.7942

Alternate Scenario:
Sell Below 0.7887
Expected Target 0.7848

Major Events:
RBA Monetary Policy Statement release on 01:30 GMT by Australia
Nonfarm Payrolls (Apr) release on 12:30 GMT by US

USDJPY INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 119.82
Expected Target 120.06

Alternate Scenario:
Sell Below 119.73
Expected Target 119.49

Major Events:
Unemployment Rate (Apr) release on 12:30 GMT by US
CFTC JPY speculative net positions release on 19:30 GMT by Japan

XAUUSD INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 1182.91
Expected Target 1181.10

Alternate Scenario:
Buy Above 1183.60
Expected Target 1185.41

Major Events:
Nonfarm Payrolls (Apr) release on 12:30 GMT by US

XTIUSD INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 59.53
Expected Target 59.19

Alternate Scenario:
Buy Above 59.65
Expected Target 59.99

Major Events:
Unemployment Rate (Apr) 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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forex-trading-ADP Nonfarm Employment Change Release on 12:15 GMT by US

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