Forex Trading Market Strategy Updates

1. Forex Daily Forecast – 07 Mar 2016
Market Research
Forex Daily Forecast – 07 Mar 2016
EURUSD INTRADAY : Probable Downside
Preferred Trade:Preferred Trade:
Sell Below 1.0992Sell Below 1.0992
Expected Target 1.0978Expected Target 1.0978
Alternate Scenario:Alternate Scenario:
Buy Above 1.1005Buy Above 1.1005
Expected Target 1.1019Expected Target 1.1019
Events:Events:
German Factory Orders (MoM) (Jan) release on 70:00 GMTby European UnionGerman Factory Orders (MoM) (Jan) release on 70:00 GMTby European Union
3-Month Bill Auction (Feb) release on 16:30 GMTby US3-Month Bill Auction (Feb) release on 16:30 GMTby US
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2. GBPUSD INTRADAY : Probable Downside
Preferred Trade:Preferred Trade:
Sell Below 1.4209Sell Below 1.4209
Expected Target 1.4189Expected Target 1.4189
Alternate Scenario:Alternate Scenario:
Buy Above 1.4189Buy Above 1.4189
Expected Target 1.4249Expected Target 1.4249
Events:Events:
GBP BRC Sales Like-For-Like (YoY) (FEB) release on 05:31 GMTby UKGBP BRC Sales Like-For-Like (YoY) (FEB) release on 05:31 GMTby UK
USD DOE U.S. Crude Oil Inventories (MAR 4) release on 21:00 GMTby USUSD DOE U.S. Crude Oil Inventories (MAR 4) release on 21:00 GMTby US
AUDUSD INTRADAY : Probable Downside
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3. Preferred Trade:Preferred Trade:
Sell Below 0.7414Sell Below 0.7414
Expected Target 0.7388Expected Target 0.7388
Alternate Scenario:Alternate Scenario:
Buy Above 0.7440Buy Above 0.7440
Expected Target 0.7466Expected Target 0.7466
Events:Events:
AUD Australia Manpower Survey (2Q) release on 18:31 GMTby AustraliaAUD Australia Manpower Survey (2Q) release on 18:31 GMTby Australia
USDJPY INTRADAY : Probable Downside
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4. Preferred Trade:Preferred Trade:
Sell Below 113.670Sell Below 113.670
Expected Target 113.390Expected Target 113.390
Alternate Scenario:Alternate Scenario:
Buy Above 113.951Buy Above 113.951
Expected Target 114.231Expected Target 114.231
Events:Events:
GDP (QoQ) (Q4) release on 23:50 GMTby JapanGDP (QoQ) (Q4) release on 23:50 GMTby Japan
XAUUSD INTRADAY : Probable Downside
Preferred Trade:Preferred Trade:
Sell Below 1261.15Sell Below 1261.15
Expected Target 1253.87Expected Target 1253.87
Alternate Scenario:Alternate Scenario:
Buy Above 1268.42Buy Above 1268.42
Expected Target 1275.70Expected Target 1275.70
Events:Events:
6-Month Bill Auction on 16:30 GMTby US6-Month Bill Auction on 16:30 GMTby US
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5. XTIUSD INTRADAY : Probable Upside
Preferred Trade:Preferred Trade:
Buy Above 37.69Buy Above 37.69
Expected Target 38.02Expected Target 38.02
Alternate Scenario:Alternate Scenario:
Sell Below 37.36Sell Below 37.36
Expected Target 37.03Expected Target 37.03
Events:Events:
3-Month Bill Auction (Feb) release on 16:30 GMTby US3-Month Bill Auction (Feb) release on 16:30 GMTby US
Disclaimer:
The Chart and Analysis presented above is only for information purpose and not to be considered as Forex Trading Instruction. BlueMax doesn’t
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
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