Forex Daily Forecast 24 Apr 2015

Market Research

Forex Daily Forecast 24 Apr 2015

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.0801
Expected Target 1.0774

Alternate Scenario:
Buy Above 1.0812
Expected Target 1.0841

Major Events:
German Ifo Business Climate Index (Apr) of EURO on 08:00 GMT
Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT

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GBPUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.5041
Expected Target 1.5018

Alternate Scenario:
Buy Above 1.5050
Expected Target 1.5073

Major Events:
Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7783
Expected Target 0.7802

Alternate Scenario:
Sell Below 0.7775
Expected Target 0.7756

Major Events:
Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT

USDJPY INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 119.52
Expected Target 119.38

Alternate Scenario:
Buy Above 119.57
Expected Target 119.71

Major Events:
Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT

XAUUSD INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 1192.1
Expected Target 1190.0

Alternate Scenario:
Buy Above 1192.9
Expected Target 1194.7

Major Events:
Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT

XTIUSD INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 57.91
Expected Target 57.73

Alternate Scenario:
Buy Above 57.98
Expected Target 58.15

Major Events:
Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT

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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