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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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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)
Daily Forex Analysis for May 13, 2009
(update: 10:31am GMT+7)
EUR/USD
It is more likely to go down to 1.35 area, but may be it will hit once again in around 1.37, and then go down. We can place a sell order at around 1.3720. with Target Profits to 1.36 or lower, Stop Loss at 1.3770.
(Current Price: 1.3694)
GBP/USD
It is more likely to go down to 1.5250 or lower. but we recommend to wait until it is go up once again to around 1.5350, and then we place a Sell order, with Target Profits to 1.5250, Stop Loss at 1.5400.
(Current Price: 1.5305)
AUD/USD
It is more likely to go down to 0.75 area. you can entry sell at 0.77, with Target Profits to 0.76, Stop Loss at 0.7750.
(Current Price: 0.7675)
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