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Forex Daily Forecast – 22 June 2018

Forex Daily Forecast – 22 June 2018

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1631
Expected Target 1.1672

Alternate Scenario:
Sell Below 1.1591
Expected Target 1.1550

Events:

German Manufacturing PMI (Jun) release on 13:00 GMT by European Union

Manufacturing PMI (Jun) release on 19:15 GMT by US

GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.3280
Expected Target 1.3321

Alternate Scenario:
Sell Below 1.3240
Expected Target 1.3199

Events:

BoE Quarterly Bulletin release on 16:30 GMT by UK

Services PMI (Jun) release on 19:15 GMT by US

AUDUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 0.7414
Expected Target 0.7455

Alternate Scenario:
Sell Below 0.7374
Expected Target 0.7333

Events:

ECRI Weekly Annualized (WoW) release on 20:00 GMT by US

USDJPY INTRADAY : Probable Downside

Preferred Trade:
Sell below 109.801
Expected Target 109.391

Alternate Scenario:
Buy Above 110.201
Expected Target 110.611

Events:

National CPI (MoM) release on 05:00 GMT by Japan

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1269.56
Expected Target 1273.57

Alternate Scenario:
Sell Below 1265.56
Expected Target 1261.55

Events:

Markit Composite PMI release on 19:15 GMT by US

XBRUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 73.67
Expected Target 73.26

Alternate Scenario:
Buy Above 74.07
Expected Target 74.48

Events:

U.S. Baker Hughes Oil Rig Count release on 22:30 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.