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Forex Daily Forecast – 21 June 2018

Forex Daily Forecast – 21 June 2018

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.1541
Expected Target 1.1500

Alternate Scenario:
Buy Above 1.1581
Expected Target 1.1622

Events:

German Buba President Weidmann Speaks release on 15:15 GMT by European Union

Jobless Claims 4-Week Avg. release on 18:00 GMT by US

GBPUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.3138
Expected Target 1.3097

Alternate Scenario:
Buy Above 1.3178
Expected Target 1.3219

Events:

BoE Interest Rate Decision (Jun) release on 16:30 GMT by UK

Philly Fed Employment (Jun) release on 18:00 GMT by US

AUDUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 0.7343
Expected Target 0.7302

Alternate Scenario:
Buy Above 0.7383
Expected Target 0.7424

Events:

RBA Bulletin release on 07:00 GMT by Australia

House Price Index (YoY) (Apr) release on 18:30 GMT by US

USDJPY INTRADAY : Probable Upside

Preferred Trade:
Buy Above 110.852
Expected Target 111.262

Alternate Scenario:
Sell Below 110.452
Expected Target 110.042

Events:

Foreign Investments in Japanese Stocks release on 05:20 GMT by Japan

Bloomberg Consumer Confidence release on 19:15 GMT by US

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1263.72
Expected Target 1259.71

Alternate Scenario:
Buy Above 1267.72
Expected Target 1271.73

Events:

Philadelphia Fed Manufacturing Index (Jun) release on 18:00 GMT by US

XBRUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 74.06
Expected Target 73.65

Alternate Scenario:
Buy Above 74.46
Expected Target  74.87

Events:

Natural Gas Storage release on 20:00 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 doesn’t bear any responsibility for any trading losses that might incur as a result of using this analysis/report.