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Forex Daily Forecast – 02 July 2018

Forex Daily Forecast – 02 July 2018

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1671
Expected Target 1.1712

Alternate Scenario:
Sell Below 1.1631
Expected Target 1.1590

Events:

German Manufacturing PMI (Jun) release on 13:25 GMT by European Union

6-Month Bill Auction release on 21:00 GMT by US

GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.3195
Expected Target 1.3236

Alternate Scenario:
Sell Below 1.3155
Expected Target 1.3114

Events:

Manufacturing PMI (Jun) release on 14:00 GMT by UK

Construction Spending (MoM) (May) release on 19:30 GMT by US

AUDUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 0.7400
Expected Target 0.7441

Alternate Scenario:
Sell Below 0.7360
Expected Target 0.7319

Events:

ANZ Job Advertisements (MoM) release on 07:00 GMT by Austalia

4-Week Bill Auction release on 21:00 GMT by US

USDJPY INTRADAY : Probable Upside

Preferred Trade:
Buy Above 111.019
Expected Target 111.429

Alternate Scenario:
Sell Below 110.619
Expected Target 110.209

Events:

Tankan Large Manufacturers Index (Q2) release on 05:20 GMT by Japan

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1252.85
Expected Target 1256.86

Alternate Scenario:
Sell Below 1248.85
Expected Target 1244.84

Events:

ISM Manufacturing PMI (Jun) release on 19:30 GMT by US

XBRUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 78.57
Expected Target 78.98

Alternate Scenario:
Sell Below 78.17
Expected Target 77.76

Events:

Construction Spending (MoM) (May) release on 19:30 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 doesn’t bear any responsibility for any trading losses that might incur as a result of using this analysis/report.