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Daily Forex Analysis for May 7, 2009
(update : 10:08 am GMT+7)
Today it seems quite complicated to be analized, because there are some important news about interest rates that we have to be aware about the results.
EUR/USD
It is more likely to go up to around 1.3350 or higher, and then it is possible to move down, we suggest to entry sell at 1.3400, with profit targets to 1.3350 or lower, Stop Loss at 1.3450.
(Current Price: 1.3296)
GBP/USD
It is more likely to go up to around 1.5250, and then it is possible to move down, we suggest to entry sell at 1.5250, with profits targets to 1.5150 , Stop Loss at 1.5320.
(Current Price: 1.5127)
AUD/USD
it is possible to move down to around 0.74. with risk to 0.76 , profit targets to 0.7450.
(Current Price: 0.7533)
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I would like to say congratulation for all of you that got a profit based on my analysis at May 8
and below if the analysis for May 11, 2009
(update: 00:21am GMT+7)
EUR/USD
It is more likely to still go up to around 1.37 or higher, but better we wait until it is go down first to around 1.3540, and then we entry buy.
(Current Price: 1.3627)
GBP/USD
It is more likely that it can go up more than 1.53, but better we wait until it is go down first to around 1.5150, and then we entry buy.
(Current Price: 1.5234)
AUD/USD
It is more likely to go up to around 1.7750, but better we wait until it is go down first to near 1.7600, and then we entry buy.
(Current Price: 0.7678)
USD/JPY
It is more likely to go up to 99 or even 100.
(Current Price: 98.44)
USD/CHF
It is more likely to go down to below 1.1000, and after that, it have a potential to go up to 1.11 or higher.
(Current Price: 1.1064)
We suggest to go out from the market, because the news of French & Italy Industrial Production is bad and out of number, so it caused EUR/USD drop and also GBP/USD follow too.
Don’t forget to always control your risk management, because sometimes our analysis could be failed (not always 100% accurate)
Daily Forex Analysis for May 12, 2009
(update: 10:10 am GMT+7)
EUR/USD
It is more likely to go up to higher than 1.3650 or even 1.37. But we suggest to wait until it is down first, and entry buy at around 1.3540. Target Profits to 1.3600 or even 1.3650. Stop Loss at 1.35.
(Current Price: 1.36)
GBP/USD
It is more likely to go up to 1.52 or even 1.53, But we suggest to to wait until it is down first, and entry buy at around 1.5040. Target Profits to 1.52 or may be higher. Stop Loss at 1.5.
(Current Price: 1.5106)
AUD/USD
It is more likely to go up to go to around 0.7650 or higher. Support at around 0.7530.
(Current Price: 0.7596)
USD/JPY
if it is down to around 95.60 or lower, it is possible to go up to around 97 or 98 area.
(Current Price: 97.34)
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