Daily Forex Analysis for May 22, 2009
(update: 10:27am GMT+7)
EUR/USD
It is more likely to go up to 1.3980 or even 1.4030, after that, it is have a potential to go down to 1.3770. But if it is still go up more than 1.4050, We predict that it will bullish to around 1.4230. And beware of the correction down first to around 1.38.
(Current Price: 1.3933)
GBP/USD
The trend is bullish, and it is more likely to go up to 1.5970 or even 1.6, after that it will go down. But we look that before it is go up to 1.6, it have a potential to go down first to around 1.5750.
(Current Price: 1.5855)
AUD/USD
It is more likely to go up higher than 0.7850, with long term target to 0.8.
(Current Price: 0.7799)
Daily Forex Prediction for May 25, 2009
(update 10:13am GMT+7)
EUR/USD
It is more likely to go down to 1.39 or even 1.38, But before it is go down, it have a potential to go up first to around 1.4050. But if the price is still go up and break to 1.41, it will bullish to around 1.42.
(Current Price: 1.3988)
GBP/USD
It is more likely to go down to 1.5800 or even 1.5750, But before it is go down, it have a potential to go up first to around 1.5960. But if the price is still go up and break 1.6050, it will bullish.
(Current Price: 1.5870)
AUD/USD
It is more likely to go down to 0.7740 or lower , But if the price is still go up and break 0.7940 it will bullish.
(Current Price: 0.7784)
Daily Forex Prediction for May 26, 2009
(update: 10:10am GMT+7)
EUR/USD
It is more likely to go up to around 1.4050 or higher, and before it is go up, it have a potential to go down first to around 1.3850.
(Current Price: 1.3983)
GBP/USD
It is more likely to go up to around 1.6 or higher
(Current Price: 1.5885)
AUD/USD
It is more likely to go up to around 0.7850 or higher
(Current Price: 0.7780)
After the Holiday, Today seems a little bit complicated, and we suggest to not use too many lot size. And don’t forget to always place a stop loss.
Beware from today news, because All the technical analysis can be affected by the news report (fundamental).
Daily Forex Analysis and Prediction for May 28, 2009
(update: 10:11am GMT+7)
EUR/USD
It is more likely to go down to around 1.3750, and after that, it have a potential to go up to around 1.39 again.
(Current Price: 1.3840)
GBP/USD
It is more likely to go down to around 1.5870 or lower, but before it is go down, it have a potential to test again to around 1.6030. To Entry Sell, better we wait until it is go up once again.
(Current Price: 1.5940)
AUD/USD
It is more likely to go up to 0.7950, but if it is go down to 0.7650 it will bearish
(Current Price: 0.7780)
Moody’s, one of the major credit rating agencies affirmed the Dollars “AAA” status “despite rising national debt” on Wednesday, sending the Dollar higher against most majors as credit worries eased. Also, on Wednesday, a regional Federal Reserve president had said that the Chinese informed him they were “concerned” over the US’s rising debt in a meeting held last week. Richard Fisher of the Dallas Federal Reserve in Texas said the primary concern of the Chinese is the Federal Reserve, the US’s Central Bank, financing spending by the treasury department which essentially amounts to printing money. While China is worried about hyperinflation, analysts agree that at this time the US economy is slightly deflated.
However, data released late in the session in online forex market showed that the inventory of unsold homes had increased in the US, stoking fears that home prices will continue to fall next month. The news dropped the dollar off of its highs and moved it negative against the Sterling.
At 11:45PM GMT, the Dollar was up .8% to the Euro to 1.3874, up .25% to the Japanese Yen to 95.26, down .45 to the British Pound to 1.5985, up .3% to the Canadian Dollar to 1.1194, up .5% to the Swiss Franc to 1.089 and up .1.13% to the Australian Dollar to .7775.
EUR
A European Central Bank governor, Erkki Liikannen, said on Wednesday that interest rates could fall further if economic conditions worsen. This turned the Euro negative on the day against many currencies as investors feared the currency’s valuation was worsening. Analysts have said that the 1.40 mark on the EUR/USD has been a stubborn ceiling and that this time around, if the data continues to come out negative, the Euro could have a hard time climbing back towards that level.
At 12:05AM GMT in Daily FX, the Euro was down .5% to the Yen to 131.78, down .3% to the Sterling to .866, down .1% to the Canadian Dollar to 1.5523, and down .1% to the Australian Dollar to 1.7822.
Daily Forex Analysis and Prediction for June 1, 2009
(update: 9:53am GMT+7)
EUR/USD
It is more likely to go down to around 1.4050. But before it is go down, it have a potential to go up first to around 1.42.
(Current Price: 1.4154)
GBP/USD
It is more likely to go down to around 1.6090. But before it is go down, it have a potential to go up first to around 1.6270.
(Current Price: 1.6231)
USD/JPY
It is more likely to go up to around 96, after it is go down to around 94.50.
(Current Price: 94.82)
Usually in Monday and Friday, the market is more difficult to predict, so we suggest to be more carefully on that day. and also beware of today news.
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