Daily Forex Prediction for June 2, 2009
(update: 9:41am GMT+7)
EUR/USD
It is more likely to go up to 1.4250 or higher, but before it is go up, it have a potential to go down first to around 1.4080.
(Current Price: 1.4160)
GBP/USD
It is more likely to go up to 1.65 or even higher than 1.66, but before it is go up, it have a potential to go down first to around 1.63.
(Current Price: 1.6429)
USD/JPY
It is more likely to go down to 95, but before it is go down, it have a potential to go up to around 97
(Current Price: 96.33)
Daily Forex Analysis and Prediction. June 3, 2009
(update: 9:47am GMT+7)
EUR/USD
It is more likely to go up to around 1.4350 or even 1.44, But before it is go up, it have a potential to go down first to around 1.4240.
(Current Price: 1.4285)
GBP/USD
It is more likely to go up to around 1.6650 or even 1.67, But before it is go up, it have a potential to go down first to around 1.6490.
(Current Price: 1.6562)
USD/JPY
It is more likely to do down to around 94.50 or lower, But before it is go down, it have a potential to go up first to around 96.20.
(Current Price: 95.65)
Daily Forex Signal and Prediction for June 4, 2009
(update: 10:11am GMT+7)
EUR/USD
It is more likely to go up to around 1.4250 or higher, and before it is go up, it have a potential to go down first to around 1.4060. BUT if it is still continue to go down and break 1.3950 it will bearish. We suggest to wait and see until it reach the bottom price (usually after news), and then entry Buy. Because overall the structure actually is still Bullish. For alternative, you can use a breakout strategy too.
(Current Price: 1.4180)
GBP/USD
It is more likely to go up to around 1.6450 or higher, but before it is go up, it have a potential to go down first to around 1.6150.
(Current Price: 1.6305)
USD/JPY
It is more likely to go up to to around 96.50 or higher. But USD/JPY have a potential to move zig zag too. Better not to trade for today.
(Current Price: 96.08)
The Dollar fell on Tuesday once again, after posting some gains earlier in the session on what seemed to be a continuance of the return of Forex online (and offline) traders’ appetite for risk in the face of confidence that the economy is rebounding.
This sentiment was reinforced after April Pending Home Sale numbers showed its largest rise in close to eight years. Also on Tuesday, US Treasury Secretary Timothy Geithner said that the US was firmly committed to a strong and a stable dollar and would do everything to stave off inflation. Geithner’s comments came in China as he sought to ease Chinese concerns over rising debt accrued from the US’s stimulus measures.
At 10:20 PM GMT, the US Dollar was trading down .9% to the Japanese Yen to 95.76, down .1.1% to the Euro to 1.4311, down 1.11% to the Canadian Dollar to 1.0805, down 1.5% to the Australian Dollar to .8221 and down 1.6% to the New Zealand Dollar to .6589.
GBP
The British currency had come under pressure early in the day on Tuesday, after Daily FX news surfaced that an Abu Dhabi government-owned firm, International Petroleum Investment Company, sold 3.5 Billion Pounds worth of its shares in Barclays Bank. The total amounted to 11% of the company and was an investment that helped the bank manages through the financial crisis. Investor’s fears were raised by the large scale sale, as it signaled a possible end to the rally in bank shares and the pound.
At 10:25PM GMT, the Sterling was up .9% to the US Dollar to 1.6577, down .4% to the Euro to .8633, down .01% to the Japanese Yen to 158.74 and down .2% to the Swiss Franc to 1.7577.
Daily Forex Prediction for June 5, 2009
(update: 9:58am GMT+7)
EUR/USD
It is more likely to go up to around 1.4250, and after that, it have a potential to go down to around 1.4070 or lower.
(Current Price: 1.4196)
GBP/USD
It is more likely to go up to 1.6350, but before it is go up, it have a potential to go down first to around 1.6050. If it still go down and break below 1.5870 it will go more lower. We suggest to place a breakout strategy with Buy at 1.63, and Sell at 1.59. TP: 30 to 100 pips, SL: 50 pips.
(Current Price: 1.6124)
USD/JPY
It is complicated, and we predict that it can go up to around 97.40, and after that, it have a potential to go down. We suggest to place a Sell order at 97.90 with profit target at 97. Stop Loss at 99.
(Current Price: 96.81)
Daily Forex Analysis and Prediction for June 8, 2009
(update: 9:46am GMT+7)
EUR/USD
It is complicated. We predict that EUR/USD may be will go down to around 1.3830 before it is go up.
(Current Price: 1.3995)
GBP/USD
It is more likely to go down to around 1.5840 before it is go up to around 1.60 or higher. But we suggest you not to trade on Monday. because on Monday it is quite difficult to be predicted.
(Current Price: 1.5949)
USD/JPY
We predict that USD/JPY can reach 99.50 or higher, after it is go down to around 98.
(Current Price: 98.46)
We suggest you not to trade on Monday. Because Monday it is quite difficult to be predicted, and it is potentially miss the target.
Daily Forex Prediction for June 18, 2009
(update: 10:09am GMT+7)
EUR/USD
It is more likely to go up to around 1.4020, and after that, it might have potentially to go down to around 1.39.
(Current Price: 1.3958)
GBP/USD
It is more likely to go down to around 1.62 or lower, and after that, it might have potentially to go up to around 1.65.
(Current Price: 1.6394)
USD/JPY
It is complicated and potentially to move zig zag, no signs for USD/JPY today.
Re: Hot Forex Signals and Analysis
Hybrid Mode
