Forex Daily Forecast – 24 Apr 2015

[riyoforex]

Forex Daily Forecast – 24 Apr 2015

EURUSD INTRADAY : Probable Downside

EURUSD

Preferred Trade:

Sell Below 1.0801

Expected Target 1.0774

Alternate Scenario:

Buy Above 1.0812

Expected Target 1.0841

Major Events:

German Ifo Business Climate Index (Apr) of EURO on 08:00 GMT

Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT

GBPUSD INTRADAY : Probable Downside

GBPUSD

Preferred Trade:

Sell Below 1.5041

Expected Target 1.5018

Alternate Scenario:

Buy Above 1.5050

Expected Target 1.5073

Major Events:

Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT

AUDUSD INTRADAY : Probable Upside

AUDUSD

Preferred Trade:

Buy Above 0.7783

Expected Target 0.7802

Alternate Scenario:

Sell Below 0.7775

Expected Target 0.7756

Major Events:

Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT

USDJPY INTRADAY : Probable Downside

USDJPY

Preferred Trade:

Sell Below 119.52

Expected Target 119.38

Alternate Scenario:

Buy Above 119.57

Expected Target 119.71

Major Events:

Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT

XAUUSD INTRADAY : Probable Downside

XAUUSD

Preferred Trade:

Sell Below 1192.1

Expected Target 1190.0

Alternate Scenario:

Buy Above 1192.9

Expected Target 1194.7

Major Events:

Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT

XTIUSD INTRADAY : Probable Downside

XTIUSD

Preferred Trade:

Sell Below 57.91

Expected Target 57.73

Alternate Scenario:

Buy Above 57.98

Expected Target 58.15

Major Events:

Core Durable Goods Orders (MoM) (Mar) of US release on 12:30 GMT