Forex Daily Forecast 02 June 2015

Market Research

Forex Daily Forecast 02 June 2015

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.0929
Expected Target 1.0943

Alternate Scenario:
Sell Below 1.0924
Expected Target 1.0910

Events:
German Unemployment Change (May) release on 07:55 GMT by European Union
Factory Orders (MoM) (Apr) release on 14:00 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.5204
Expected Target 1.5216

Alternate Scenario:
Sell Below 1.5200
Expected Target 1.5188

Events:
Construction PMI (May) release on 08:30 GMT by UK
API Weekly Crude Stock release on 20:30 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7653
Expected Target 0.7634

Alternate Scenario:
Sell Below 0.7704
Expected Target 0.7685

Events:
AIG Services Index release on 23:30 GMT by Australia
API Weekly Gasoline Stock release on 20:30 GMT by US

USDJPY INTRADAY : Probable Downside

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Preferred Trade:
Sell Below 124.767
Expected Target 124.480

Alternate Scenario:
Buy Above 124.877
Expected Target 124.590

Events:
IBD/TIPP Economic Optimism release on 14:00 GMT by US

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1187.55
Expected Target 1185.56

Alternate Scenario:
Buy Above 1188.30
Expected Target 1190.29

Events:
All Car Sales report release on 20:00 GMT by US

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XTIUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 60.29
Expected Target 60.16

Alternate Scenario:
Buy Above 60.35
Expected Target 60.22

Events:
Domestic Car Sales report 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 doesnt bear any
responsibility for any trading losses that might incur as a result of using this analysis/report.

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Forex market is a place to earn good profits and at the same time the trading includes high level of risks too. Only the investors who can afford the losses are
advised to invest in the Forex trading. The Trader should be capable of withstanding the high degree of leverage which may hit the account heavily. Forex
market is a highly volatile market where assurance is impossible. The traders who invest should completely analyze the nook and corner of the market before
investing as no one can take the responsibility for the losses they face. The brokers can only guide the traders. The brokers cannot take the responsibility for
the losses. All withdrawals and deposits will be processed as per brokers payment methods and terms. It is investors responsibility to move in a legal way,
by submitting their proofs and investments.

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