Forex Daily Forecast – 19 June 2017

Forex Daily Forecast – 19 June 2017

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1238
Expected Target 1.1279

Alternate Scenario:
Sell Below 1.1157
Expected Target 1.1116

Events:

German Buba President Weidmann Speaks release on 20:30 GMT by European Union

FOMC Member Dudley Speaks release on 17:30 GMT by US

GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.2821
Expected Target 1.2862

Alternate Scenario:
Sell Below 1.2720
Expected Target 1.2679

Events:

Rightmove House Price Index (MoM) on 04:31 GMT by UK

AUDUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 0.7658
Expected Target 0.7699

Alternate Scenario:
Sell Below 0.7586
Expected Target 0.7545

Events:

RBA Governor Lowe Speaks   release on o5:00 GMT by Australia

USDJPY INTRADAY : Probable Upside

Preferred Trade:
Buy Above 111.916
Expected Target 112.326

Alternate Scenario:
Sell Below 110.423
Expected Target 110.013

Events:

Adjusted Trade Balance release on 05:20 GMT by Japan

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1236.19
Expected Target 1232.18

Alternate Scenario:
Buy Above 1259.40
Expected Target 1263.41

Events:

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

XBRUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 46.29
Expected Target 45.88

Alternate Scenario:
Buy Above 48.03
Expected Target  48.44

Events:

6-Month Bill Auction release on 21:00 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.