Forex Daily Forecast 11 Aug 2015

Market Research

Forex Daily Forecast 11 Aug 2015

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.0993
Expected Target 1.0954

Alternate Scenario:
Buy Above 1.1032
Expected Target 1.1071

Events:
German ZEW Economic Sentiment (Aug) release on 09:00 GMT by European Union
Nonfarm Productivity (QoQ) (Q2) release on 12:30 GMT by US

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GBPUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.5574
Expected Target 1.5548

Alternate Scenario:
Buy Above 1.5601
Expected Target 1.5627

Events:
CB Leading Index (MoM) release on 13:30 GMT by UK
Unit Labor Costs (QoQ) (Q2) release on 12:30 GMT by US

AUDUSD INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 0.7357
Expected Target 0.7275

Alternate Scenario:
Buy Above 0.7439
Expected Target 0.7521

Events:
API Weekly Crude Oil Stock release on 20:30 GMT by US

USDJPY INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 124.74
Expected Target 124.97

Alternate Scenario:
Sell Below 124.51
Expected Target 124.28

Events:
API Weekly Distillates Stocks release on 20:30 GMT by US
Monetary Policy Meeting Minutes on 23:50 GMT by Japan

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1098.88
Expected Target 1090.74

Alternate Scenario:
Buy Above 1107.01
Expected Target 1115.15

Events:
API Weekly Crude Oil Stock release on 20:30 GMT by US

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XTIUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 45.15
Expected Target 44.92

Alternate Scenario:
Buy Above 45.38
Expected Target 45.61

Events:
3-Year Note Auction release on 17:00 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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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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