Forex Daily Forecast 10 Aug 2015

Market Research

Forex Daily Forecast 10 Aug 2015

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.0964
Expected Target 1.0979

Alternate Scenario:
Sell Below 1.0950
Expected Target 1.0935

Events:
Sentix Investor Confidence (Aug) release on 08:30 GMT by European Union
FOMC Member Stanley Fischer Speaks on 11:15 GMT by US

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GBPUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.5485
Expected Target 1.5474

Alternate Scenario:
Buy Above 1.5497
Expected Target 1.5508

Events:
BRC Retail Sales Monitor (YoY) (Jul) release on 23:01 GMT by UK
FOMC Member Lockhart Speaks on 13:00 GMT by US

AUDUSD INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 0.7397
Expected Target 0.7379

Alternate Scenario:
Buy Above 0.7416
Expected Target 0.7434

Events:
CB Employment Trends Index (Aug) release on 14:00 GMT by US

USDJPY INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 124.30
Expected Target 124.47

Alternate Scenario:
Sell Below 124.14
Expected Target 123.97

Events:
FOMC Member Lockhart Speaks on 16:25 GMT by US
M2 Money Stock (YoY) release on 23:50 GMT by Japan

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1092.92
Expected Target 1096.30

Alternate Scenario:
Sell Below 1089.64
Expected Target 1086.26

Events:
Fed Labor Market Conditions Index release on 14:00 GMT by US

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XTIUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 43.95
Expected Target 44.16

Alternate Scenario:
Sell Below 43.75
Expected Target 43.54

Events:
6-Month Bill Auction release on 15:30 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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Forex market is a place to earn good profits and at the same time the trading includes high level of risks too. Only the investors who can afford the losses are
advised to invest in the Forex trading. The Trader should be capable of withstanding the high degree of leverage which may hit the account heavily. Forex
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market is a highly volatile market where assurance is impossible. The traders who invest should completely analyze the nook and corner of the market before
investing as no one can take the responsibility for the losses they face. The brokers can only guide the traders. The brokers cannot take the responsibility for
the losses. All withdrawals and deposits will be processed as per brokers payment methods and terms. It is investors responsibility to move in a legal way,
by submitting their proofs and investments.

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