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Forex Daily Forecast 31 July 2015

Market Research

Forex Daily Forecast 31 July 2015

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.0940
Expected Target 1.0953

Alternate Scenario:
Sell Below 1.0928
Expected Target 1.0915

Events:
CPI (YoY) (Jul) release on 09:00 GMT by European Union
Employment Cost Index (QoQ) (Q2) release on 12:30 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.5604
Expected Target 1.5618

Alternate Scenario:
Sell Below 1.5591
Expected Target 1.5577

Events:
CFTC GBP speculative net positions release on 19:30 GMT by UK
CFTC Gold speculative net positions release on 19:30 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7299
Expected Target 0.7315

Alternate Scenario:
Sell Below 0.7284
Expected Target 0.7268

Events:
CFTC AUD speculative net positions release on 119:30 GMT by Australia
CFTC Gold speculative net positions release on 19:30 GMT by US

USDJPY INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 124.046
Expected Target 123.813

Alternate Scenario:
Buy Above 124.273
Expected Target 124.506

Events:
CFTC S&P 500 speculative net positions release on 19:30 GMT by US
CFTC JPY speculative net positions release on 19:30 GMT by Japan

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1086.03
Expected Target 1082.67

Alternate Scenario:
Buy Above 1089.39
Expected Target 1092.75

Events:
CFTC Silver speculative net positions release on 19:30 GMT by US

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XTIUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 48.48
Expected Target 48.22

Alternate Scenario:
Buy Above 57.68
Expected Target 65.25

Events:
Employment Cost Index (QoQ) (Q2) release on 12:30 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 doesnt bear any
responsibility for any trading losses that might incur as a result of using this analysis/report.

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