Daily Forex Predictions for July 21, 2009
(update: 9:47am GMT+7)
EUR/USD
It is more likely to go up to around 1.4250 or even 1.43, and after that, it is potentially to go down to around 1.4150. You can also entry Sell after it goes up at around 1.43.
(Current Price: 1.4210)
GBP/USD
It is more likely to go up to around 1.66 or higher. But before it goes up, We predict that it might have potentially to go down first at around 1.6450. You can wait to entry Buy. We prefer to Buy.
(Current Price: 1.6510)
Daily Forex Predictions for July 22, 2009
(update: 10:18am GMT+7)
EUR/USD
It is complicated. We predict that it is more likely to go up to around 1.4250 or even 1.43. But if it is still break under 1.4160 then it can become bearish. You can also use a breakout strategy.
(Current Price: 1.4191)
GBP/USD
It is more likely to go up to around 1.65, but before it goes up, please beware, because it might potentially to re-test or go down once again to around 1.6350.
(Current Price: 1.6406)
Euro is going nowhere in particular vs. the broader market, but is rallying by default vs. the rapidly weakening Japanese Yen.
It is interesting that the key testimony from Mr. Bernanke arrives as yield curves steepen due to a sharp sell-off in long bonds.
If Mr. Bernanke is able to pull off a successful defence of Fed policy and the long end yields subside again sharply, then the JPY crosses may pivot and sell off sharply again. Note the key Ichimoku cloud resistance coming in soon just above 135.00.
Daily Forex Predictions for Jul 23, 2009
(update: 10:05am GMT+7)
EUR/USD
It is more likely to go down to around 1.4150. But may be before it goes down, we see that it might have potentially to try to reach higher than 1.4250 or even 1.43. You can entry sell after it goes up.
(Current Price: 1.4232)
GBP/USD
It is more likely to go down to below 1.64, but before it goes down, it might have potentially to go up first at around 1.66. We recommend to use a breakout strategy, Buy if reaches around 1.65, and Sell if reaches 1.64.
(Current Price: 1.6481)
Daily Forex Predictions for July 24, 2009
(update: 11:25am GMT+7)
EUR/USD
It is more likely to go down to around 1.4100, and after that, it will go up to around 1.42. We prefer to wait until it goes down for a little bit, and then entry Buy. Recommend to Hold Buy.
(Current Price: 1.4162)
GBP/USD
It is more likely to go up to around 1.6550 or even 1.66, But please beware, because before it goes up, it might have potentially to go down for a little bit at around 1.6425. We Prefer to Hold Buy than Sell.
(Current Price: 1.6486)
Daily Forex Predictions for July 27, 2009
(update: 5:12am GMT+7)
EUR/USD
It is more likely to go down to around 1.4150 or may be 1.4080, and after that, it might have potentially to go up to around 1.4250 or even 1.43.
(Current Price: 1.4230)
GBP/USD
It is more likely to go down to around 1.6350, and after that, it might have potentially to go up to around 1.65.
(Current Price: 1.6448)
Daily Forex Predictions for July 28, 2009
(update: 10:01am GMT+7)
EUR/USD
It is more likely to go up to around 1.4270 or even 1.43, but before it goes up, it might attempt to go down at around 1.4160. We prefer to Buy.
(Current Price: 1.4226)
GBP/USD
It is more likely to go up to around 1.65 or even 1.66, but before it goes up, it might attempt to go down at around 1.6420. But if it still go down at around 1.6330 then it will bearish. We predict that Buy is better than Sell at today.
(Current Price: 1.6465)
Daily Forex Predictions for July 29, 2009
(update: 4:54am GMT+7)
EUR/USD
It is more likely to go down to around 1.41 or lower, and after that, it might have potentially to go up to around 1.4250.
(Current Price: 1.4170)
GBP/USD
It is more likely to go down lower than 1.64 or even 1.6350, and after that, it might have potentially to go up to around 1.65.
(Current Price: 1.6430)
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